Cathay Consolidated (Taiwan) Market Value
| 1342 Stock | TWD 105.50 2.50 2.31% |
| Symbol | Cathay |
Cathay Consolidated '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 Consolidated's stock 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 Consolidated.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Cathay Consolidated on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Cathay Consolidated or generate 0.0% return on investment in Cathay Consolidated over 360 days. Cathay Consolidated is related to or competes with Eclat Textile, Ruentex Industries, Shinkong Synthetic, Taiwan Paiho, and Baotek Industrial. Cathay Consolidated, Inc. operates as a contract manufacturer of technical fabrics and finished goods More
Cathay Consolidated 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 Consolidated's stock 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 Consolidated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 9.39 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 4.59 |
Cathay Consolidated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Consolidated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Consolidated's standard deviation. In reality, there are many statistical measures that can use Cathay Consolidated historical prices to predict the future Cathay Consolidated's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.2288 | |||
| Total Risk Alpha | 0.0119 | |||
| Sortino Ratio | 0.1072 | |||
| Treynor Ratio | (12.21) |
Cathay Consolidated Backtested Returns
At this stage we consider Cathay Stock to be very steady. Cathay Consolidated secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay Consolidated, which you can use to evaluate the volatility of the firm. Please confirm Cathay Consolidated's Risk Adjusted Performance of 0.1051, downside deviation of 1.28, and Mean Deviation of 1.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Cathay Consolidated has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0186, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cathay Consolidated are expected to decrease at a much lower rate. During the bear market, Cathay Consolidated is likely to outperform the market. Cathay Consolidated right now shows a risk of 1.8%. Please confirm Cathay Consolidated standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Cathay Consolidated will be following its price patterns.
Auto-correlation | -0.55 |
Good reverse predictability
Cathay Consolidated has good reverse predictability. Overlapping area represents the amount of predictability between Cathay Consolidated time series from 20th of December 2023 to 17th of June 2024 and 17th of June 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 Consolidated price movement. The serial correlation of -0.55 indicates that about 55.0% of current Cathay Consolidated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 20.97 |
Cathay Consolidated lagged returns against current returns
Autocorrelation, which is Cathay Consolidated stock'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 Consolidated's stock expected returns. We can calculate the autocorrelation of Cathay Consolidated returns to help us make a trade decision. For example, suppose you find that Cathay Consolidated has exhibited high autocorrelation historically, and you observe that the stock 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 Consolidated 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 Consolidated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Consolidated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Consolidated stock over time.
Current vs Lagged Prices |
| Timeline |
Cathay Consolidated Lagged Returns
When evaluating Cathay Consolidated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Consolidated stock have on its future price. Cathay Consolidated 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 Consolidated autocorrelation shows the relationship between Cathay Consolidated stock current value and its past values and can show if there is a momentum factor associated with investing in Cathay Consolidated.
Regressed Prices |
| Timeline |
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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.Additional Tools for Cathay Stock Analysis
When running Cathay Consolidated's price analysis, check to measure Cathay Consolidated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay Consolidated is operating at the current time. Most of Cathay Consolidated's value examination focuses on studying past and present price action to predict the probability of Cathay Consolidated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Consolidated's price. Additionally, you may evaluate how the addition of Cathay Consolidated to your portfolios can decrease your overall portfolio volatility.