Cathay General Bancorp Stock Price Prediction
| CATY Stock | USD 34.66 0.12 0.35% |
Oversold Vs Overbought
37
Oversold | Overbought |
Cathay General Bancorp stock price prediction is an act of determining the future value of Cathay General shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Cathay General's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Cathay General and does not consider all of the tangible or intangible factors available from Cathay General's fundamental data. We analyze noise-free headlines and recent hype associated with Cathay General Bancorp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Cathay General's stock price prediction:Quarterly Earnings Growth (0.15) | EPS Estimate Next Quarter 1.08 | EPS Estimate Current Year 4.02 | EPS Estimate Next Year 4.35 | Wall Street Target Price 40.83 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Cathay General based on different types of headlines from major news networks to social media. The Cathay stock price prediction module provides an analysis of price elasticity to changes in media outlook on Cathay General over a specific investment horizon. Using Cathay General hype-based prediction, you can estimate the value of Cathay General Bancorp from the perspective of Cathay General response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Cathay General using Cathay General's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Cathay using crowd psychology based on the activity and movement of Cathay General's stock price.
Cathay General Implied Volatility | 0.0 |
Cathay General's implied volatility exposes the market's sentiment of Cathay General Bancorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cathay General's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cathay General stock will not fluctuate a lot when Cathay General's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Cathay General. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Cathay General to buy its stock at a price that has no basis in reality. In that case, they are not buying Cathay because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Cathay General after-hype prediction price | USD 33.96 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Cathay |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cathay General'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.
Cathay General After-Hype Price Prediction Density Analysis
As far as predicting the price of Cathay General at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cathay General or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cathay General, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Cathay General Estimiated After-Hype Price Volatility
In the context of predicting Cathay General's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cathay General's historical news coverage. Cathay General's after-hype downside and upside margins for the prediction period are 31.98 and 35.94, respectively. We have considered Cathay General's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Cathay General is very steady at this time. Analysis and calculation of next after-hype price of Cathay General Bancorp is based on 3 months time horizon.
Cathay General Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Cathay General is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cathay General backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cathay General, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.35 | 1.98 | 0.70 | 0.05 | 12 Events / Month | 0 Events / Month | In about 12 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
34.66 | 33.96 | 2.02 |
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Cathay General Hype Timeline
Cathay General Bancorp is currently traded for 34.66. The entity has historical hype elasticity of -0.7, and average elasticity to hype of competition of 0.05. Cathay is anticipated to decline in value after the next headline, with the price expected to drop to 33.96. The average volatility of media hype impact on the company price is about 98.51%. The price decrease on the next news is expected to be -2.02%, whereas the daily expected return is currently at -0.35%. The volatility of related hype on Cathay General is about 1365.52%, with the expected price after the next announcement by competition of 34.71. About 77.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.94. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cathay General Bancorp has Price/Earnings To Growth (PEG) ratio of 2.08. The entity last dividend was issued on the 27th of February 2024. The firm had 2:1 split on the 29th of September 2004. Given the investment horizon of 90 days the next anticipated press release will be in about 12 days. Check out Cathay General Basic Forecasting Models to cross-verify your projections.Cathay General Related Hype Analysis
Having access to credible news sources related to Cathay General's direct competition is more important than ever and may enhance your ability to predict Cathay General's future price movements. Getting to know how Cathay General's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cathay General may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HBCP | Home Bancorp | (0.33) | 10 per month | 0.00 | (0.11) | 3.72 | (3.33) | 11.98 | |
| LSBK | Lake Shore Bancorp | 0.62 | 7 per month | 0.00 | (0.16) | 2.07 | (2.94) | 7.98 |
Cathay General Additional Predictive Modules
Most predictive techniques to examine Cathay price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cathay using various technical indicators. When you analyze Cathay charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Cathay General Predictive Indicators
The successful prediction of Cathay General stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Cathay General Bancorp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Cathay General based on analysis of Cathay General hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Cathay General's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Cathay General's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0295 | 0.0333 | 0.0305 | 0.0253 | Price To Sales Ratio | 5.16 | 3.84 | 2.48 | 3.62 |
Story Coverage note for Cathay General
The number of cover stories for Cathay General depends on current market conditions and Cathay General's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Cathay General is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Cathay General's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Cathay General Short Properties
Cathay General's future price predictability will typically decrease when Cathay General's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Cathay General Bancorp often depends not only on the future outlook of the potential Cathay General's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cathay General's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 72.9 M | |
| Cash And Short Term Investments | -174 M |
Check out Cathay General Basic Forecasting Models to cross-verify your projections. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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 (0.15) | Dividend Share 1.36 | Earnings Share 4.86 | Revenue Per Share 10.804 | Quarterly Revenue Growth (0.04) |
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.