Cathay Global (Taiwan) Price on April 3, 2024
| 00893 Etf | 24.33 0.10 0.41% |
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 Global stands at 24.33, as last reported on the 2nd of December, with the highest price reaching 24.36 and the lowest price hitting 24.20 during the day. Cathay Global appears to be very steady, given 3 months investment horizon. Cathay Global Autonomous secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay Global Autonomous, which you can use to evaluate the volatility of the entity. Please makes use of Cathay Global's Mean Deviation of 1.13, downside deviation of 2.07, and Risk Adjusted Performance of 0.1 to double-check if our risk estimates are consistent with your expectations.
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.1313
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| Small Returns | 00893 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Cathay Global 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 Global by adding it to a well-diversified portfolio.
Cathay Global Valuation on April 3, 2024
It is possible to determine the worth of Cathay Global on a given historical date. On April 3, 2024 Cathay was worth 20.53 at the beginning of the trading date compared to the closed value of 20.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Global etf. Still, in general, we apply an absolute valuation method to find Cathay Global'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 Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Global's related companies.
| Open | High | Low | Close | Volume | |
| 20.67 | 20.74 | 20.67 | 20.70 | 4,202,487 | |
04/03/2024 | 20.53 | 20.53 | 20.35 | 20.37 | 4,960,357 |
| 20.31 | 20.33 | 20.26 | 20.30 | 4,330,166 |
| Backtest Cathay Global | | | Cathay Global History | Previous | Next |
Cathay Global Trading Date Momentum on April 3, 2024
| On April 08 2024 Cathay Global Autonomous was traded for 20.30 at the closing time. The highest price during the trading period was 20.33 and the lowest recorded bid was listed for 20.26 . The volume for the day was 4.3 M. This history from April 8, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.34% . The overall trading delta to the current price is 1.52% . |
Price Boundaries
Cathay Global Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Cathay Global December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Global 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 Global shares will generate the highest return on investment. By undertsting and applying Cathay Global etf market strength indicators, traders can identify Cathay Global Autonomous entry and exit signals to maximize returns
Cathay Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Global'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.