Cathay General Bancorp Stock Price on May 15, 2024
| CATY Stock | USD 35.88 0.36 0.99% |
Below is the normalized historical share price chart for Cathay General Bancorp extending back to December 14, 1990. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cathay General stands at 35.88, as last reported on the 29th of May, with the highest price reaching 36.49 and the lowest price hitting 35.62 during the day.
If you're considering investing in Cathay Stock, it is important to understand the factors that can impact its price. Cathay General Bancorp secures Sharpe Ratio (or Efficiency) of -0.0623, which signifies that the company had a -0.0623% return per unit of risk over the last 3 months. Cathay General Bancorp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay General's Standard Deviation of 1.86, risk adjusted performance of (0.03), and Mean Deviation of 1.31 to double-check the risk estimate we provide.
At this time, Cathay General's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 24.3 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 59.9 M in 2024. . At this time, Cathay General's Price To Sales Ratio is fairly stable compared to the past year. Price Earnings Ratio is likely to rise to 12.91 in 2024, whereas Price To Free Cash Flows Ratio is likely to drop 7.12 in 2024. Cathay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of December 1990 | 200 Day MA 37.8035 | 50 Day MA 36.5412 | Beta 1.12 |
Cathay |
Sharpe Ratio = -0.0623
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| Negative Returns | CATY |
Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cathay General is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cathay General by adding Cathay General to a well-diversified portfolio.
Price Book 0.9355 | Price Sales 3.267 | Shares Float 69.4 M | Dividend Share 1.02 | Wall Street Target Price 39.5 |
Related Headline
National Bankshares Headline on 15th of May 2024
National Bankshares Q1 Earnings Snapshot by finance.yahoo.com
NKSH on Wednesday reported net income of 2.2 million in its first quarter. The Blacksburg, Virginia-based bank said it had earnings of 37 cents per share. The holding company for the National Bank of Blacksburg posted revenue of 18.2 million in the period.
Cathay General Valuation on May 15, 2024
It is possible to determine the worth of Cathay General on a given historical date. On May 15, 2024 Cathay was worth 38.15 at the beginning of the trading date compared to the closed value of 38.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay General stock. Still, in general, we apply an absolute valuation method to find Cathay General's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cathay General where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay General's related companies.
| Open | High | Low | Close | Volume | |
| 37.76 | 37.76 | 37.31 | 37.71 | 152,916 | |
05/15/2024 | 38.15 | 38.24 | 37.52 | 38.04 | 185,536 |
| 37.83 | 38.14 | 37.80 | 38.09 | 177,729 |
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Cathay General Trading Date Momentum on May 15, 2024
| On May 16 2024 Cathay General Bancorp was traded for 38.09 at the closing time. The top price for the day was 38.14 and the lowest listed price was 37.80 . The trading volume for the day was 177.7 K. The trading history from May 16, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.13% . The overall trading delta against the current closing price is 4.44% . |
Cathay General Bancorp Fundamentals Correlations and Trends
By evaluating Cathay General's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cathay General's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cathay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cathay General Stock history
Cathay General investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cathay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cathay General Bancorp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cathay General stock prices may prove useful in developing a viable investing in Cathay General
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 72.9 M | 59.9 M | |
| Net Income Applicable To Common Shares | 414.7 M | 435.5 M |
Cathay General Stock Technical Analysis
Cathay General technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Cathay General Period Price Range
Low | May 15, 2024
| High |
38.15 | 38.04 |
Cathay General May 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay General stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cathay General shares will generate the highest return on investment. By undertsting and applying Cathay General stock market strength indicators, traders can identify Cathay General Bancorp entry and exit signals to maximize returns
| Accumulation Distribution | 3493.36 | |||
| Daily Balance Of Power | (0.15) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 37.88 | |||
| Day Typical Price | 37.93 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | (2.16) |
Cathay General Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay General's price direction in advance. Along with the technical and fundamental analysis of Cathay Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cathay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.10) |
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| Volume Indicators |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 1.02 | 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.