Cathay DJIA (Taiwan) Market Value
| 00669R Etf | TWD 6.55 0.05 0.76% |
| Symbol | Cathay |
Cathay DJIA '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 DJIA'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 DJIA.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Cathay DJIA on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Cathay DJIA Inv or generate 0.0% return on investment in Cathay DJIA over 30 days. Cathay DJIA is related to or competes with Cathay TIP, Cathay Nasdaq, Cathay Dow, Cathay TAIEX, Cathay Nikkei, and Cathay SP. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay DJIA 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 DJIA'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 DJIA Inv upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.962 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 4.99 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.23 |
Cathay DJIA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay DJIA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay DJIA's standard deviation. In reality, there are many statistical measures that can use Cathay DJIA historical prices to predict the future Cathay DJIA's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | 0.0722 | |||
| Sortino Ratio | 0.0659 | |||
| Treynor Ratio | 0.0498 |
Cathay DJIA Inv Backtested Returns
At this point, Cathay DJIA is not too volatile. Cathay DJIA Inv secures Sharpe Ratio (or Efficiency) of 0.0799, which signifies that the etf had a 0.0799 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay DJIA Inv, which you can use to evaluate the volatility of the entity. Please confirm Cathay DJIA's Downside Deviation of 0.962, risk adjusted performance of 0.0125, and Mean Deviation of 0.6137 to double-check if the risk estimate we provide is consistent with the expected return of 0.0705%. The etf shows a Beta (market volatility) of 0.058, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay DJIA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay DJIA is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Cathay DJIA Inv has weak reverse predictability. Overlapping area represents the amount of predictability between Cathay DJIA time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 2025. 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 DJIA Inv price movement. The serial correlation of -0.24 indicates that over 24.0% of current Cathay DJIA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cathay DJIA Inv lagged returns against current returns
Autocorrelation, which is Cathay DJIA 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 DJIA's etf expected returns. We can calculate the autocorrelation of Cathay DJIA returns to help us make a trade decision. For example, suppose you find that Cathay DJIA 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 DJIA 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 DJIA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay DJIA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay DJIA etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay DJIA Lagged Returns
When evaluating Cathay DJIA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay DJIA etf have on its future price. Cathay DJIA 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 DJIA autocorrelation shows the relationship between Cathay DJIA etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay DJIA Inv.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cathay Etf
Cathay DJIA 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 DJIA security.