Cathay Koreataiwan (Taiwan) Market Value
| 00735 Etf | TWD 32.84 0.06 0.18% |
| Symbol | Cathay |
Cathay Koreataiwan '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 Koreataiwan'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 Koreataiwan.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Cathay Koreataiwan on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Koreataiwan IT or generate 0.0% return on investment in Cathay Koreataiwan over 90 days. Cathay Koreataiwan is related to or competes with YuantaP Shares, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Koreataiwan 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 Koreataiwan'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 Koreataiwan IT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9805 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.89 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.43 |
Cathay Koreataiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Koreataiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Koreataiwan's standard deviation. In reality, there are many statistical measures that can use Cathay Koreataiwan historical prices to predict the future Cathay Koreataiwan's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0147 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1351 |
Cathay Koreataiwan Backtested Returns
Cathay Koreataiwan secures Sharpe Ratio (or Efficiency) of -0.0308, which signifies that the etf had a -0.0308% return per unit of risk over the last 3 months. Cathay Koreataiwan IT exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay Koreataiwan's Downside Deviation of 0.9805, risk adjusted performance of 0.028, and Mean Deviation of 0.6797 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay Koreataiwan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Koreataiwan is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Cathay Koreataiwan IT has virtually no predictability. Overlapping area represents the amount of predictability between Cathay Koreataiwan time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Koreataiwan price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Cathay Koreataiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Cathay Koreataiwan lagged returns against current returns
Autocorrelation, which is Cathay Koreataiwan 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 Koreataiwan's etf expected returns. We can calculate the autocorrelation of Cathay Koreataiwan returns to help us make a trade decision. For example, suppose you find that Cathay Koreataiwan 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 Koreataiwan 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 Koreataiwan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Koreataiwan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Koreataiwan etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Koreataiwan Lagged Returns
When evaluating Cathay Koreataiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Koreataiwan etf have on its future price. Cathay Koreataiwan 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 Koreataiwan autocorrelation shows the relationship between Cathay Koreataiwan etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Koreataiwan IT.
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 Koreataiwan 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 Koreataiwan security.