Cathay Taiwan (Taiwan) Price on June 5, 2024
| 00881 Etf | TWD 23.79 0.09 0.38% |
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 Taiwan stands at 23.79, as last reported on the 1st of December, with the highest price reaching 23.90 and the lowest price hitting 23.59 during the day. Currently, Cathay Taiwan 5G is very steady. Cathay Taiwan 5G secures Sharpe Ratio (or Efficiency) of 0.0373, which signifies that the etf had a 0.0373% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cathay Taiwan 5G, which you can use to evaluate the volatility of the entity. Please confirm Cathay Taiwan's Mean Deviation of 0.9194, downside deviation of 1.44, and Risk Adjusted Performance of 0.0307 to double-check if the risk estimate we provide is consistent with the expected return of 0.05%.
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.0373
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 00881 |
Estimated Market Risk
| 1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Cathay Taiwan is performing at about 2% 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 Taiwan by adding it to a well-diversified portfolio.
Cathay Taiwan Valuation on June 5, 2024
It is possible to determine the worth of Cathay Taiwan on a given historical date. On June 5, 2024 Cathay was worth 21.66 at the beginning of the trading date compared to the closed value of 21.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Taiwan etf. Still, in general, we apply an absolute valuation method to find Cathay Taiwan'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 Taiwan where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Taiwan's related companies.
| Open | High | Low | Close | Volume | |
| 21.99 | 22.02 | 21.54 | 21.62 | 18,701,779 | |
06/05/2024 | 21.66 | 21.84 | 21.48 | 21.77 | 11,692,741 |
| 22.35 | 22.46 | 22.21 | 22.37 | 18,279,204 |
| Backtest Cathay Taiwan | | | Cathay Taiwan History | Previous | Next |
Cathay Taiwan Trading Date Momentum on June 5, 2024
| On June 06 2024 Cathay Taiwan 5G was traded for 22.37 at the closing time. The highest price during the trading period was 22.46 and the lowest recorded bid was listed for 22.21 . The volume for the day was 18.3 M. This history from June 6, 2024 contributed to the next trading day price appreciation. The daily price change to the next closing price was 2.76% . The overall trading delta to the current price is 7.53% . |
About Cathay Taiwan Etf history
Cathay Taiwan 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 Taiwan 5G 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 Taiwan stock prices may prove useful in developing a viable investing in Cathay Taiwan
Cathay Taiwan Etf Technical Analysis
Cathay Taiwan 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 Taiwan Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Cathay Taiwan 5G 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 Taiwan December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Taiwan 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 Taiwan shares will generate the highest return on investment. By undertsting and applying Cathay Taiwan etf market strength indicators, traders can identify Cathay Taiwan 5G entry and exit signals to maximize returns
Cathay Taiwan Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Taiwan'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 | 0.0307 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1114 |
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| Volume Indicators |
Other Information on Investing in Cathay Etf
Cathay Taiwan 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 Taiwan security.