Cathay Dow (Taiwan) Market Value
| 00668K Etf | USD 16.25 0.05 0.31% |
| Symbol | Cathay |
Cathay Dow 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cathay Dow's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cathay Dow.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Cathay Dow on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Dow Jones or generate 0.0% return on investment in Cathay Dow over 90 days. Cathay Dow is related to or competes with Cathay TIP, Cathay Nasdaq, Cathay TAIEX, Cathay Nikkei, and Cathay SP. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Dow Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cathay Dow's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cathay Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6628 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.9881 |
Cathay Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Dow's standard deviation. In reality, there are many statistical measures that can use Cathay Dow historical prices to predict the future Cathay Dow's volatility.| Risk Adjusted Performance | 0.1269 | |||
| Jensen Alpha | 0.0328 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1792 |
Cathay Dow Jones Backtested Returns
At this point, Cathay Dow is very steady. Cathay Dow Jones secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cathay Dow Jones, which you can use to evaluate the volatility of the entity. Please confirm Cathay Dow's Risk Adjusted Performance of 0.1269, downside deviation of 0.6628, and Mean Deviation of 0.5565 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Dow is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Cathay Dow Jones has good predictability. Overlapping area represents the amount of predictability between Cathay Dow time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cathay Dow Jones price movement. The serial correlation of 0.74 indicates that around 74.0% of current Cathay Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Cathay Dow Jones lagged returns against current returns
Autocorrelation, which is Cathay Dow etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cathay Dow's etf expected returns. We can calculate the autocorrelation of Cathay Dow returns to help us make a trade decision. For example, suppose you find that Cathay Dow has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cathay Dow regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cathay Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Dow etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Dow Lagged Returns
When evaluating Cathay Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Dow etf have on its future price. Cathay Dow autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cathay Dow autocorrelation shows the relationship between Cathay Dow etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Dow Jones.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cathay Etf
Cathay Dow 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 Dow security.