Cathay Pacific Airways Stock Market Value
| CPCAY Stock | USD 6.10 0.05 0.83% |
| Symbol | Cathay |
Cathay Pacific '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 Pacific's pink sheet 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 Pacific.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Cathay Pacific on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Cathay Pacific Airways or generate 0.0% return on investment in Cathay Pacific over 540 days. Cathay Pacific is related to or competes with Singapore Airlines, International Consolidated, Air France, Qantas Airways, Singapore Airlines, Qantas Airways, and Finnair Oyj. Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and ai... More
Cathay Pacific 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 Pacific's pink sheet 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 Pacific Airways upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.77 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 10.4 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 3.34 |
Cathay Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Pacific's standard deviation. In reality, there are many statistical measures that can use Cathay Pacific historical prices to predict the future Cathay Pacific's volatility.| Risk Adjusted Performance | 0.1485 | |||
| Jensen Alpha | 0.3361 | |||
| Total Risk Alpha | 0.0539 | |||
| Sortino Ratio | 0.1173 | |||
| Treynor Ratio | (2.78) |
Cathay Pacific Airways Backtested Returns
Cathay Pacific appears to be somewhat reliable, given 3 months investment horizon. Cathay Pacific Airways secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay Pacific Airways, which you can use to evaluate the volatility of the firm. Please makes use of Cathay Pacific's Risk Adjusted Performance of 0.1485, downside deviation of 1.77, and Mean Deviation of 1.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cathay Pacific holds a performance score of 15. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cathay Pacific are expected to decrease at a much lower rate. During the bear market, Cathay Pacific is likely to outperform the market. Please check Cathay Pacific's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Cathay Pacific's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Cathay Pacific Airways has average predictability. Overlapping area represents the amount of predictability between Cathay Pacific time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Pacific Airways price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Cathay Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cathay Pacific Airways lagged returns against current returns
Autocorrelation, which is Cathay Pacific pink sheet'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 Pacific's pink sheet expected returns. We can calculate the autocorrelation of Cathay Pacific returns to help us make a trade decision. For example, suppose you find that Cathay Pacific has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Pacific 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 Pacific pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Pacific pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Pacific pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cathay Pacific Lagged Returns
When evaluating Cathay Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Pacific pink sheet have on its future price. Cathay Pacific 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 Pacific autocorrelation shows the relationship between Cathay Pacific pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cathay Pacific Airways.
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 Pink Sheet Analysis
When running Cathay Pacific's price analysis, check to measure Cathay Pacific'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 Pacific is operating at the current time. Most of Cathay Pacific's value examination focuses on studying past and present price action to predict the probability of Cathay Pacific'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 Pacific's price. Additionally, you may evaluate how the addition of Cathay Pacific to your portfolios can decrease your overall portfolio volatility.