Cathay TAIEX (Taiwan) Price on September 22, 2023

00664R Etf  TWD 3.71  0.03  0.82%   
If you're considering investing in Cathay Etf, it is important to understand the factors that can impact its price. As of today, the current price of Cathay TAIEX stands at 3.71, as last reported on the 11th of December 2024, with the highest price reaching 3.71 and the lowest price hitting 3.66 during the day. Cathay TAIEX Daily secures Sharpe Ratio (or Efficiency) of -0.0936, which signifies that the etf had a -0.0936% return per unit of risk over the last 3 months. Cathay TAIEX Daily exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay TAIEX's Risk Adjusted Performance of (0.07), standard deviation of 1.07, and Mean Deviation of 0.8108 to double-check the risk estimate we provide.
  
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0936

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Estimated Market Risk

 1.02
  actual daily
9
91% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average Cathay TAIEX is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cathay TAIEX by adding Cathay TAIEX to a well-diversified portfolio.

Cathay TAIEX Valuation on September 22, 2023

It is possible to determine the worth of Cathay TAIEX on a given historical date. On September 22, 2023 Cathay was worth 5.56 at the beginning of the trading date compared to the closed value of 5.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay TAIEX etf. Still, in general, we apply an absolute valuation method to find Cathay TAIEX's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cathay TAIEX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay TAIEX's related companies.
 Open High Low Close Volume
  5.51    5.56    5.51    5.56    11,629,090  
09/22/2023
  5.56    5.58    5.53    5.53    8,124,080  
  5.53    5.53    5.49    5.50    3,565,070  
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Open Value
5.56
5.53
Closing Value
8.63
Upside

Cathay TAIEX Trading Date Momentum on September 22, 2023

On September 25 2023 Cathay TAIEX Daily was traded for  5.50  at the closing time. The highest price during the trading period was 5.53  and the lowest recorded bid was listed for  5.49 . The volume for the day was 3.6 M. This history from September 25, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.54% . The overall trading delta to the current price is 0.90% .

Cathay TAIEX Daily Fundamentals Correlations and Trends

By evaluating Cathay TAIEX's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cathay TAIEX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cathay financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cathay TAIEX Etf history

Cathay TAIEX investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cathay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cathay TAIEX Daily will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cathay TAIEX stock prices may prove useful in developing a viable investing in Cathay TAIEX

Cathay TAIEX Etf Technical Analysis

Cathay TAIEX technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Cathay TAIEX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cathay TAIEX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cathay TAIEX Period Price Range

Low
December 11, 2024
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High

 0.00 

     

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Cathay TAIEX Daily cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Cathay TAIEX December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Cathay TAIEX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cathay TAIEX shares will generate the highest return on investment. By undertsting and applying Cathay TAIEX etf market strength indicators, traders can identify Cathay TAIEX Daily entry and exit signals to maximize returns

Cathay TAIEX Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cathay TAIEX's price direction in advance. Along with the technical and fundamental analysis of Cathay Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cathay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in Cathay Etf

Cathay TAIEX 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 TAIEX security.