Cathay Koreataiwan One Year Return vs. Net Asset
| 00735 Etf | TWD 32.86 0.05 0.15% |
For Cathay Koreataiwan profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cathay Koreataiwan to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cathay Koreataiwan IT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cathay Koreataiwan's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cathay Koreataiwan IT over time as well as its relative position and ranking within its peers.
Cathay |
Cathay Koreataiwan Net Asset vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cathay Koreataiwan's current stock value. Our valuation model uses many indicators to compare Cathay Koreataiwan value to that of its competitors to determine the firm's financial worth. Cathay Koreataiwan IT is second largest ETF in one year return as compared to similar ETFs. It is rated below average in net asset as compared to similar ETFs making up about 1,822,594 of Net Asset per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cathay Koreataiwan's earnings, one of the primary drivers of an investment's value.Cathay Net Asset vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Cathay Koreataiwan |
| = | 98.08 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Cathay Koreataiwan |
| = | 178.76 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Cathay Net Asset Comparison
Cathay Koreataiwan is currently under evaluation in net asset as compared to similar ETFs.
Cathay Koreataiwan Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cathay Koreataiwan, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cathay Koreataiwan will eventually generate negative long term returns. The profitability progress is the general direction of Cathay Koreataiwan's change in net profit over the period of time. It can combine multiple indicators of Cathay Koreataiwan, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan.
Cathay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cathay Koreataiwan. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cathay Koreataiwan position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cathay Koreataiwan's important profitability drivers and their relationship over time.
Use Cathay Koreataiwan in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cathay Koreataiwan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cathay Koreataiwan will appreciate offsetting losses from the drop in the long position's value.Cathay Koreataiwan Pair Trading
Cathay Koreataiwan IT Pair Trading Analysis
The ability to find closely correlated positions to Cathay Koreataiwan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Koreataiwan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cathay Koreataiwan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cathay Koreataiwan IT to buy it.
The correlation of Cathay Koreataiwan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cathay Koreataiwan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay Koreataiwan moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cathay Koreataiwan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Cathay Koreataiwan position
In addition to having Cathay Koreataiwan in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Macroaxis Picks Thematic Idea Now
Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Macroaxis Picks Theme or any other thematic opportunities.
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Other Information on Investing in Cathay Etf
To fully project Cathay Koreataiwan's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cathay Koreataiwan at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cathay Koreataiwan's income statement, its balance sheet, and the statement of cash flows.