Cathay Pacific Airways Stock Market Value

CPCAF Stock  USD 1.16  0.05  4.50%   
Cathay Pacific's market value is the price at which a share of Cathay Pacific trades on a public exchange. It measures the collective expectations of Cathay Pacific Airways investors about its performance. Cathay Pacific is trading at 1.16 as of the 30th of March 2024. This is a 4.50 percent up since the beginning of the trading day. The stock's lowest day price was 1.16.
With this module, you can estimate the performance of a buy and hold strategy of Cathay Pacific Airways and determine expected loss or profit from investing in Cathay Pacific over a given investment horizon. Check out Cathay Pacific Correlation, Cathay Pacific Volatility and Cathay Pacific Alpha and Beta module to complement your research on Cathay Pacific.
Symbol

Please note, there is a significant difference between Cathay Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cathay Pacific '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 Pacific's pink sheet 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 Pacific.
0.00
02/29/2024
No Change 0.00  0.0 
In 30 days
03/30/2024
0.00
If you would invest  0.00  in Cathay Pacific on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Pacific Airways or generate 0.0% return on investment in Cathay Pacific over 30 days. Cathay Pacific is related to or competes with Ryanair Holdings, Delta Air, Southwest Airlines, and Vyne Therapeutics. Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and ai... More

Cathay Pacific 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 Pacific's pink sheet 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 Pacific Airways upside and downside potential and time the market with a certain degree of confidence.

Cathay Pacific Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Pacific's standard deviation. In reality, there are many statistical measures that can use Cathay Pacific historical prices to predict the future Cathay Pacific's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cathay Pacific's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.061.163.14
Details
Intrinsic
Valuation
LowRealHigh
0.061.113.09
Details
Naive
Forecast
LowNextHigh
0.021.143.13
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cathay Pacific. Your research has to be compared to or analyzed against Cathay Pacific's peers to derive any actionable benefits. When done correctly, Cathay Pacific's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cathay Pacific Airways.

Cathay Pacific Airways Backtested Returns

Cathay Pacific appears to be very risky, given 3 months investment horizon. Cathay Pacific Airways secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Cathay Pacific Airways, which you can use to evaluate the volatility of the firm. Please makes use of Cathay Pacific's Mean Deviation of 0.8641, standard deviation of 1.91, and Risk Adjusted Performance of 0.0734 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cathay Pacific holds a performance score of 9. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Pacific is expected to be smaller as well. Please check Cathay Pacific's treynor ratio, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to make a quick decision on whether Cathay Pacific's price patterns will revert.

Auto-correlation

    
  0.71  

Good predictability

Cathay Pacific Airways has good predictability. Overlapping area represents the amount of predictability between Cathay Pacific time series from 29th of February 2024 to 15th of March 2024 and 15th of March 2024 to 30th of March 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 Pacific Airways price movement. The serial correlation of 0.71 indicates that around 71.0% of current Cathay Pacific price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.9
Residual Average0.0
Price Variance0.0

Cathay Pacific Airways lagged returns against current returns

Autocorrelation, which is Cathay Pacific pink sheet'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 Pacific's pink sheet expected returns. We can calculate the autocorrelation of Cathay Pacific returns to help us make a trade decision. For example, suppose you find that Cathay Pacific has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Pacific 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 Pacific pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Pacific pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Pacific pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Cathay Pacific Lagged Returns

When evaluating Cathay Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Pacific pink sheet have on its future price. Cathay Pacific 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 Pacific autocorrelation shows the relationship between Cathay Pacific pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cathay Pacific Airways.
   Regressed Prices   
       Timeline  

Pair Trading with Cathay Pacific

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cathay Pacific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cathay Pacific will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cathay Pink Sheet

  0.75DAL Delta Air Lines Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Cathay Pink Sheet

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  0.73MCAEU Mountain Crest AcquiPairCorr
  0.72AICAF Air China LimitedPairCorr
  0.57AIRYY Air ChinaPairCorr
  0.42HNRC Houston Natural ResourcesPairCorr
The ability to find closely correlated positions to Cathay Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Pacific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cathay Pacific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cathay Pacific Airways to buy it.
The correlation of Cathay Pacific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cathay Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay Pacific Airways moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cathay Pacific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Cathay Pacific Correlation, Cathay Pacific Volatility and Cathay Pacific Alpha and Beta module to complement your research on Cathay Pacific.
Note that the Cathay Pacific Airways information on this page should be used as a complementary analysis to other Cathay Pacific's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Cathay Pacific's price analysis, check to measure Cathay Pacific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay Pacific is operating at the current time. Most of Cathay Pacific's value examination focuses on studying past and present price action to predict the probability of Cathay Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Pacific's price. Additionally, you may evaluate how the addition of Cathay Pacific to your portfolios can decrease your overall portfolio volatility.
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Cathay Pacific technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Cathay Pacific technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cathay Pacific trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...