Cathay Earning Assets vs Treasury Stock Analysis
CATY Stock | USD 36.45 0.67 1.87% |
Cathay General financial indicator trend analysis is way more than just evaluating Cathay General Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cathay General Bancorp is a good investment. Please check the relationship between Cathay General Earning Assets and its Treasury Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Earning Assets vs Treasury Stock
Earning Assets vs Treasury Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cathay General Bancorp Earning Assets account and Treasury Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cathay General's Earning Assets and Treasury Stock is 0.61. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Cathay General Bancorp, assuming nothing else is changed. The correlation between historical values of Cathay General's Earning Assets and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Earning Assets of Cathay General Bancorp are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Earning Assets i.e., Cathay General's Earning Assets and Treasury Stock go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Earning Assets
Treasury Stock
Most indicators from Cathay General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cathay General Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Cathay General's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 82.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 3.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 652.4M | 790.5M | 1.3B | 1.4B | Total Revenue | 652.4M | 790.5M | 1.3B | 1.4B |
Cathay General fundamental ratios Correlations
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Cathay General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cathay General fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 80.2M | 79.8M | 78.6M | 74.7M | 72.9M | 59.9M | |
Total Assets | 18.1B | 19.0B | 20.9B | 22.0B | 23.1B | 24.3B | |
Total Stockholder Equity | 2.3B | 2.4B | 2.4B | 2.5B | 2.7B | 2.9B | |
Property Plant And Equipment Net | 138.2M | 133.9M | 127.2M | 124.4M | 123.2M | 77.4M | |
Net Debt | 700.0M | 187.7M | 58.8M | 463.8M | 535.7M | 302.4M | |
Retained Earnings | 1.7B | 1.8B | 2.0B | 2.2B | 2.5B | 2.6B | |
Cash | 179.7M | 138.6M | 134.1M | 195.4M | 174.0M | 164.1M | |
Non Current Assets Total | 2.7B | 3.2B | 4.3B | 2.3B | 22.1B | 23.2B | |
Non Currrent Assets Other | (79.8M) | (91.6M) | (79.7M) | (1.1B) | 20.5B | 21.6B | |
Other Assets | 13.3B | 13.4B | 13.0B | 16.9B | 1.0 | 0.95 | |
Cash And Short Term Investments | 2.0B | 2.5B | 3.6B | 2.6B | (174.0M) | (165.3M) | |
Net Receivables | 53.5M | 59.0M | 57.0M | 82.4M | 97.7M | 102.6M | |
Liabilities And Stockholders Equity | 18.1B | 19.0B | 20.9B | 22.0B | 23.1B | 24.3B | |
Other Stockholder Equity | 631.9M | 622.6M | 463.2M | 330.6M | 320.7M | 389.3M | |
Total Liab | 15.8B | 326.3M | 193.0M | 19.5B | 20.4B | 21.4B | |
Property Plant And Equipment Gross | 138.2M | 133.9M | 127.2M | 124.4M | 243.8M | 256.0M | |
Total Current Assets | 2.1B | 2.5B | 3.6B | 2.7B | 965.9M | 917.6M | |
Accumulated Other Comprehensive Income | 2.3M | 5.3M | (3.1M) | (102.3M) | (85.4M) | (81.1M) | |
Short Long Term Debt Total | 879.7M | 326.3M | 193.0M | 659.3M | 709.7M | 528.6M | |
Non Current Liabilities Total | 854.0M | 326.3M | 193.0M | 19.5B | 2.1B | 2.1B | |
Other Current Assets | 677.9M | 1.5B | 2.6B | 1.3B | 965.9M | 917.6M | |
Common Stock Total Equity | 898K | 900K | 906K | 909K | 1.0M | 690.7K | |
Common Stock | 900K | 906K | 909K | 911K | 914K | 715.7K | |
Other Liab | 215.7M | 175.5M | 180.5M | 306.1M | 352.0M | 369.6M | |
Accounts Payable | 14.7B | 16.1B | 18.1B | 18.5B | 21.3B | 22.3B | |
Short Term Investments | 1.9B | 2.3B | 3.4B | 2.4B | 2.3B | 1.4B | |
Inventory | (677.9M) | (1.5B) | (2.6B) | (1.3B) | 76.3M | 80.1M | |
Intangible Assets | 6.3M | 5.4M | 4.6M | 5.8M | 4.5M | 4.2M | |
Property Plant Equipment | 104.2M | 103.0M | 127.2M | 124.4M | 143.1M | 93.3M | |
Treasury Stock | (282.2M) | (318.5M) | (342.1M) | (509.2M) | (458.3M) | (435.4M) | |
Total Current Liabilities | 25.7M | 8.8B | 11.6B | 17.4B | 18.3B | 19.2B | |
Short Term Debt | 25.7M | 139.4M | 9.4M | 10.8M | 10.8M | 10.3M | |
Retained Earnings Total Equity | 1.5B | 1.7B | 1.8B | 2.0B | 2.3B | 1.3B | |
Other Current Liab | (25.7M) | 8.7B | 11.6B | 17.4B | 18.3B | 10.8B | |
Net Tangible Assets | 1.9B | 2.0B | 2.1B | 2.1B | 2.4B | 1.8B | |
Capital Surpluse | 942.1M | 950.5M | 964.7M | 972.5M | 1.1B | 977.0M |
Cathay General Investors Sentiment
The influence of Cathay General's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cathay. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cathay General's public news can be used to forecast risks associated with an investment in Cathay. The trend in average sentiment can be used to explain how an investor holding Cathay can time the market purely based on public headlines and social activities around Cathay General Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cathay General's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cathay General's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cathay General's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cathay General.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cathay General in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cathay General's short interest history, or implied volatility extrapolated from Cathay General options trading.
Pair Trading with Cathay General
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 General 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 General will appreciate offsetting losses from the drop in the long position's value.Moving against Cathay Stock
0.82 | TECTP | Tectonic Financial | PairCorr |
0.81 | DB | Deutsche Bank AG | PairCorr |
0.65 | CFG-PD | Citizens Financial | PairCorr |
0.41 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
The ability to find closely correlated positions to Cathay General 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 General 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 General - 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 General Bancorp to buy it.
The correlation of Cathay General 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 General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay General Bancorp 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 General 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Cathay Stock analysis
When running Cathay General's price analysis, check to measure Cathay General'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 General is operating at the current time. Most of Cathay General's value examination focuses on studying past and present price action to predict the probability of Cathay General'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 General's price. Additionally, you may evaluate how the addition of Cathay General to your portfolios can decrease your overall portfolio volatility.
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Is Cathay General's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cathay General. If investors know Cathay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cathay General listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.36 | Earnings Share 4.52 | Revenue Per Share 10.45 | Quarterly Revenue Growth (0.13) |
The market value of Cathay General Bancorp is measured differently than its book value, which is the value of Cathay that is recorded on the company's balance sheet. Investors also form their own opinion of Cathay General's value that differs from its market value or its book value, called intrinsic value, which is Cathay General's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cathay General's market value can be influenced by many factors that don't directly affect Cathay General's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cathay General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay General'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.