Cathay Nikkei (Taiwan) Market Value

00657K Etf  USD 14.26  0.20  1.38%   
Cathay Nikkei's market value is the price at which a share of Cathay Nikkei trades on a public exchange. It measures the collective expectations of Cathay Nikkei 225 investors about its performance. Cathay Nikkei is trading at 14.26 as of the 14th of December 2024, a 1.38% down since the beginning of the trading day. The etf's open price was 14.46.
With this module, you can estimate the performance of a buy and hold strategy of Cathay Nikkei 225 and determine expected loss or profit from investing in Cathay Nikkei over a given investment horizon. Check out Cathay Nikkei Correlation, Cathay Nikkei Volatility and Cathay Nikkei Alpha and Beta module to complement your research on Cathay Nikkei.
Symbol

Please note, there is a significant difference between Cathay Nikkei's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Nikkei is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Nikkei's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cathay Nikkei 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cathay Nikkei's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cathay Nikkei.
0.00
06/17/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/14/2024
0.00
If you would invest  0.00  in Cathay Nikkei on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Nikkei 225 or generate 0.0% return on investment in Cathay Nikkei over 180 days. Cathay Nikkei is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More

Cathay Nikkei Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cathay Nikkei's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cathay Nikkei 225 upside and downside potential and time the market with a certain degree of confidence.

Cathay Nikkei Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Nikkei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Nikkei's standard deviation. In reality, there are many statistical measures that can use Cathay Nikkei historical prices to predict the future Cathay Nikkei's volatility.
Hype
Prediction
LowEstimatedHigh
13.0514.2615.47
Details
Intrinsic
Valuation
LowRealHigh
13.0414.2515.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cathay Nikkei. Your research has to be compared to or analyzed against Cathay Nikkei's peers to derive any actionable benefits. When done correctly, Cathay Nikkei's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cathay Nikkei 225.

Cathay Nikkei 225 Backtested Returns

At this point, Cathay Nikkei is very steady. Cathay Nikkei 225 secures Sharpe Ratio (or Efficiency) of 0.0834, which signifies that the etf had a 0.0834% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cathay Nikkei 225, which you can use to evaluate the volatility of the entity. Please confirm Cathay Nikkei's Risk Adjusted Performance of 0.092, mean deviation of 0.9636, and Downside Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. The etf shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Nikkei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Nikkei is expected to be smaller as well.

Auto-correlation

    
  0.13  

Insignificant predictability

Cathay Nikkei 225 has insignificant predictability. Overlapping area represents the amount of predictability between Cathay Nikkei time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cathay Nikkei 225 price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Cathay Nikkei price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test0.06
Residual Average0.0
Price Variance0.07

Cathay Nikkei 225 lagged returns against current returns

Autocorrelation, which is Cathay Nikkei etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cathay Nikkei's etf expected returns. We can calculate the autocorrelation of Cathay Nikkei returns to help us make a trade decision. For example, suppose you find that Cathay Nikkei has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Cathay Nikkei regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cathay Nikkei etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Nikkei etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Nikkei etf over time.
   Current vs Lagged Prices   
       Timeline  

Cathay Nikkei Lagged Returns

When evaluating Cathay Nikkei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Nikkei etf have on its future price. Cathay Nikkei autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cathay Nikkei autocorrelation shows the relationship between Cathay Nikkei etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Nikkei 225.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Cathay Etf

Cathay Nikkei financial ratios help investors to determine whether Cathay Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cathay with respect to the benefits of owning Cathay Nikkei security.