Cathay Nasdaq (Taiwan) Price on May 31, 2024
| 00737 Etf | TWD 33.57 0.06 0.18% |
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 Nasdaq stands at 33.57, as last reported on the 29th of November, with the highest price reaching 33.58 and the lowest price hitting 33.50 during the day. Currently, Cathay Nasdaq AI is very steady. Cathay Nasdaq AI secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay Nasdaq AI, which you can use to evaluate the volatility of the entity. Please confirm Cathay Nasdaq's Downside Deviation of 1.36, mean deviation of 0.8677, and Risk Adjusted Performance of 0.1105 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%.
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.1384
| Best Portfolio | Best Equity | |||
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| Small Returns | 00737 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Cathay Nasdaq is performing at about 10% of its full potential. 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 Nasdaq by adding it to a well-diversified portfolio.
Cathay Nasdaq Valuation on May 31, 2024
It is possible to determine the worth of Cathay Nasdaq on a given historical date. On May 31, 2024 Cathay was worth 30.26 at the beginning of the trading date compared to the closed value of 30.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Nasdaq etf. Still, in general, we apply an absolute valuation method to find Cathay Nasdaq'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 Nasdaq where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Nasdaq's related companies.
| Open | High | Low | Close | Volume | |
| 30.26 | 30.34 | 30.22 | 30.25 | 251,000 | |
05/31/2024 | 30.26 | 30.26 | 30.20 | 30.21 | 88,000 |
| 30.40 | 30.40 | 30.33 | 30.38 | 72,737 |
| Backtest Cathay Nasdaq | | | Cathay Nasdaq History | | | Cathay Nasdaq Valuation | Previous | Next |
Cathay Nasdaq Trading Date Momentum on May 31, 2024
| On June 03 2024 Cathay Nasdaq AI was traded for 30.38 at the closing time. The highest price during the trading period was 30.40 and the lowest recorded bid was listed for 30.33 . The volume for the day was 72.7 K. This history from June 3, 2024 contributed to the next trading day price appreciation. The daily price change to the next closing price was 0.56% . The overall trading delta to the current price is 1.49% . |
Cathay Nasdaq AI Fundamentals Correlations and Trends
By evaluating Cathay Nasdaq'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 Nasdaq'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 Nasdaq Etf history
Cathay Nasdaq 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 Nasdaq AI 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 Nasdaq stock prices may prove useful in developing a viable investing in Cathay Nasdaq
Cathay Nasdaq Etf Technical Analysis
Cathay Nasdaq 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.
Price Boundaries
Cathay Nasdaq Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Cathay Nasdaq AI 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 Nasdaq November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Nasdaq 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 Nasdaq shares will generate the highest return on investment. By undertsting and applying Cathay Nasdaq etf market strength indicators, traders can identify Cathay Nasdaq AI entry and exit signals to maximize returns
Cathay Nasdaq Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Nasdaq'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.
| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.0725 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0288 | |||
| Treynor Ratio | 0.2172 |
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Cathay Etf
Cathay Nasdaq 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 Nasdaq security.