Cathay TIP (Taiwan) Market Value
| 00701 Etf | TWD 29.28 0.11 0.37% |
| Symbol | Cathay |
Cathay TIP '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 TIP'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 TIP.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cathay TIP on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay TIP TAIEX or generate 0.0% return on investment in Cathay TIP over 180 days. Cathay TIP is related to or competes with Yuanta Daily, Fubon FTSE, and Paradigm. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay TIP 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 TIP'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 TIP TAIEX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6401 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.36 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.8469 |
Cathay TIP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay TIP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay TIP's standard deviation. In reality, there are many statistical measures that can use Cathay TIP historical prices to predict the future Cathay TIP's volatility.| Risk Adjusted Performance | 0.0241 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.1374 |
Cathay TIP TAIEX Backtested Returns
Currently, Cathay TIP TAIEX is very steady. Cathay TIP TAIEX secures Sharpe Ratio (or Efficiency) of 0.0383, which signifies that the etf had a 0.0383% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay TIP TAIEX, which you can use to evaluate the volatility of the entity. Please confirm Cathay TIP's Risk Adjusted Performance of 0.0241, downside deviation of 0.6401, and Mean Deviation of 0.4287 to double-check if the risk estimate we provide is consistent with the expected return of 0.0214%. The etf shows a Beta (market volatility) of 0.0748, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay TIP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay TIP is expected to be smaller as well.
Auto-correlation | 0.57 |
Modest predictability
Cathay TIP TAIEX has modest predictability. Overlapping area represents the amount of predictability between Cathay TIP time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 TIP TAIEX price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Cathay TIP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Cathay TIP TAIEX lagged returns against current returns
Autocorrelation, which is Cathay TIP 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 TIP's etf expected returns. We can calculate the autocorrelation of Cathay TIP returns to help us make a trade decision. For example, suppose you find that Cathay TIP 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 TIP 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 TIP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay TIP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay TIP etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay TIP Lagged Returns
When evaluating Cathay TIP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay TIP etf have on its future price. Cathay TIP 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 TIP autocorrelation shows the relationship between Cathay TIP etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay TIP TAIEX.
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 TIP 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 TIP security.