Cathay Tax Provision from 2010 to 2024
CATY Stock | USD 37.62 0.09 0.24% |
Tax Provision | First Reported 2019-03-31 | Previous Quarter 10.5 M | Current Value 8.6 M | Quarterly Volatility 8.4 M |
Check Cathay General financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cathay main balance sheet or income statement drivers, such as Interest Expense of 30.9 M, Other Operating Expenses of 942.4 M or Operating Income of 21.3 M, as well as many exotic indicators such as Price To Sales Ratio of 3.62, Dividend Yield of 0.0253 or PTB Ratio of 1.73. Cathay financial statements analysis is a perfect complement when working with Cathay General Valuation or Volatility modules.
Cathay | Tax Provision |
Latest Cathay General's Tax Provision Growth Pattern
Below is the plot of the Tax Provision of Cathay General Bancorp over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Cathay General's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cathay General's overall financial position and show how it may be relating to other accounts over time.
Tax Provision | 10 Years Trend |
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Tax Provision |
Timeline |
Cathay Tax Provision Regression Statistics
Arithmetic Mean | 70,762,756 | |
Geometric Mean | 67,066,199 | |
Coefficient Of Variation | 32.66 | |
Mean Deviation | 15,928,474 | |
Median | 65,802,000 | |
Standard Deviation | 23,112,850 | |
Sample Variance | 534.2T | |
Range | 97.2M | |
R-Value | 0.35 | |
Mean Square Error | 505.3T | |
R-Squared | 0.12 | |
Significance | 0.20 | |
Slope | 1,803,119 | |
Total Sum of Squares | 7478.9T |
Cathay Tax Provision History
About Cathay General Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cathay General income statement, its balance sheet, and the statement of cash flows. Cathay General investors use historical funamental indicators, such as Cathay General's Tax Provision, to determine how well the company is positioned to perform in the future. Although Cathay General investors may use each financial statement separately, they are all related. The changes in Cathay General's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cathay General's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cathay General Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cathay General. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Tax Provision | 72.6 M | 82.9 M |
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
0.72 | DB | Deutsche Bank AG | PairCorr |
0.69 | TECTP | Tectonic Financial | PairCorr |
0.61 | CFG-PD | Citizens Financial | 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 the analysis of Cathay General Correlation against competitors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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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 1.02 | 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.