Cathay Long Term Investments vs Capital Surpluse Analysis

CATY Stock

USD 34.44 0.32 0.92%

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 Long Term Investments and its Capital Surpluse 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.

Long Term Investments vs Capital Surpluse

Long Term Investments vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cathay General Bancorp Long Term Investments account and Capital Surpluse. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Cathay General's Long Term Investments and Capital Surpluse is -0.16. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Capital Surpluse 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 Long Term Investments and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Cathay General Bancorp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Investments i.e., Cathay General's Long Term Investments and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Cathay General balance sheet that represents investments Cathay General Bancorp intends to hold for over a year. Cathay General Bancorp long term investments may include different instruments such as stocks, bonds, real estate and cash.

Capital Surpluse

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)
Operating Income	381.8M	590.1M	22.4M	21.3M
Other Operating Expenses	270.5M	6.9M	897.6M	942.4M

Operating Income Other Operating Expenses

Cathay General fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.43	0.54	0.86	0.37	0.25	0.42	-0.15	-0.22	0.35	0.59	0.12	0.86	0.21	0.19	0.55	0.55	0.13	0.44	0.92	0.96	0.13	0.27	0.11	0.88	0.57
Total Assets	0.43		0.99	0.67	0.44	0.98	0.08	0.61	0.48	0.12	0.14	0.93	0.06	0.54	0.83	-0.23	0.49	0.24	-0.3	0.68	0.66	0.9	0.98	0.13	0.77	0.64
Total Stockholder Equity	0.54	0.99		0.73	0.46	0.94	0.12	0.59	0.46	0.14	0.16	0.88	0.2	0.53	0.83	-0.15	0.53	0.19	-0.23	0.76	0.75	0.85	0.95	0.14	0.84	0.64
Property Plant And Equipment Net	0.86	0.67	0.73		0.46	0.53	0.21	0.02	-0.07	0.48	0.55	0.41	0.56	0.21	0.39	0.09	0.53	0.14	-0.02	0.92	0.93	0.37	0.54	0.15	0.9	0.71
Net Debt	0.37	0.44	0.46	0.46		0.44	-0.18	0.23	0.13	-0.13	0.09	0.39	0.19	0.64	0.4	-0.02	0.86	0.14	-0.1	0.48	0.45	0.47	0.4	-0.15	0.48	0.36
Retained Earnings	0.25	0.98	0.94	0.53	0.44		-0.04	0.7	0.57	0.02	0.02	0.97	-0.13	0.54	0.86	-0.37	0.43	0.24	-0.42	0.54	0.51	0.94	1.0	0.09	0.64	0.59
Cash	0.42	0.08	0.12	0.21	-0.18	-0.04		-0.1	-0.01	-0.04	-0.03	0.01	0.46	0.26	-0.01	0.53	0.34	0.39	0.56	0.35	0.37	0.08	0.0	0.46	0.35	-0.25
Non Current Assets Total	-0.15	0.61	0.59	0.02	0.23	0.7	-0.1		0.97	-0.36	-0.61	0.79	-0.34	0.55	0.92	-0.46	0.21	-0.1	-0.43	0.16	0.08	0.72	0.69	0.25	0.25	0.09
Non Currrent Assets Other	-0.22	0.48	0.46	-0.07	0.13	0.57	-0.01	0.97		-0.38	-0.74	0.71	-0.36	0.53	0.85	-0.45	0.17	-0.14	-0.4	0.07	-0.01	0.62	0.57	0.41	0.15	-0.1
Other Assets	0.35	0.12	0.14	0.48	-0.13	0.02	-0.04	-0.36	-0.38		0.52	-0.05	0.23	-0.17	-0.14	-0.04	-0.17	-0.04	-0.12	0.28	0.33	-0.1	0.03	0.17	0.28	0.34
Cash And Short Term Investments	0.59	0.14	0.16	0.55	0.09	0.02	-0.03	-0.61	-0.74	0.52		-0.2	0.49	-0.32	-0.33	0.36	0.04	0.18	0.24	0.43	0.51	-0.14	0.03	-0.42	0.4	0.71
Net Receivables	0.12	0.93	0.88	0.41	0.39	0.97	0.01	0.79	0.71	-0.05	-0.2		-0.24	0.63	0.89	-0.43	0.42	0.24	-0.46	0.44	0.4	0.96	0.96	0.25	0.55	0.39
Other Stockholder Equity	0.86	0.06	0.2	0.56	0.19	-0.13	0.46	-0.34	-0.36	0.23	0.49	-0.24		0.04	-0.06	0.74	0.4	-0.07	0.66	0.64	0.71	-0.19	-0.1	-0.04	0.59	0.24
Total Liab	0.21	0.54	0.53	0.21	0.64	0.54	0.26	0.55	0.53	-0.17	-0.32	0.63	0.04		0.63	0.05	0.78	0.38	0.03	0.39	0.36	0.71	0.52	0.26	0.47	0.04
Property Plant And Equipment Gross	0.19	0.83	0.83	0.39	0.4	0.86	-0.01	0.92	0.85	-0.14	-0.33	0.89	-0.06	0.63		-0.37	0.42	-0.02	-0.39	0.48	0.43	0.83	0.85	0.26	0.57	0.34
Total Current Assets	0.55	-0.23	-0.15	0.09	-0.02	-0.37	0.53	-0.46	-0.45	-0.04	0.36	-0.43	0.74	0.05	-0.37		0.24	0.08	0.99	0.31	0.37	-0.3	-0.34	-0.12	0.28	0.0
Short Long Term Debt Total	0.55	0.49	0.53	0.53	0.86	0.43	0.34	0.21	0.17	-0.17	0.04	0.42	0.4	0.78	0.42	0.24		0.33	0.17	0.63	0.61	0.52	0.41	0.1	0.64	0.2
Non Current Liabilities Total	0.13	0.24	0.19	0.14	0.14	0.24	0.39	-0.1	-0.14	-0.04	0.18	0.24	-0.07	0.38	-0.02	0.08	0.33		0.05	0.18	0.2	0.33	0.21	0.1	0.18	0.09
Other Current Assets	0.44	-0.3	-0.23	-0.02	-0.1	-0.42	0.56	-0.43	-0.4	-0.12	0.24	-0.46	0.66	0.03	-0.39	0.99	0.17	0.05		0.21	0.26	-0.33	-0.39	-0.07	0.18	-0.13
Common Stock Total Equity	0.92	0.68	0.76	0.92	0.48	0.54	0.35	0.16	0.07	0.28	0.43	0.44	0.64	0.39	0.48	0.31	0.63	0.18	0.21		0.99	0.44	0.56	0.2	0.98	0.67
Common Stock	0.96	0.66	0.75	0.93	0.45	0.51	0.37	0.08	-0.01	0.33	0.51	0.4	0.71	0.36	0.43	0.37	0.61	0.2	0.26	0.99		0.4	0.53	0.17	0.97	0.67
Other Liab	0.13	0.9	0.85	0.37	0.47	0.94	0.08	0.72	0.62	-0.1	-0.14	0.96	-0.19	0.71	0.83	-0.3	0.52	0.33	-0.33	0.44	0.4		0.94	0.08	0.56	0.41
Accounts Payable	0.27	0.98	0.95	0.54	0.4	1.0	0.0	0.69	0.57	0.03	0.03	0.96	-0.1	0.52	0.85	-0.34	0.41	0.21	-0.39	0.56	0.53	0.94		0.1	0.66	0.59
Long Term Debt	0.11	0.13	0.14	0.15	-0.15	0.09	0.46	0.25	0.41	0.17	-0.42	0.25	-0.04	0.26	0.26	-0.12	0.1	0.1	-0.07	0.2	0.17	0.08	0.1		0.16	-0.33
Good Will	0.88	0.77	0.84	0.9	0.48	0.64	0.35	0.25	0.15	0.28	0.4	0.55	0.59	0.47	0.57	0.28	0.64	0.18	0.18	0.98	0.97	0.56	0.66	0.16		0.68
Short Term Investments	0.57	0.64	0.64	0.71	0.36	0.59	-0.25	0.09	-0.1	0.34	0.71	0.39	0.24	0.04	0.34	0.0	0.2	0.09	-0.13	0.67	0.67	0.41	0.59	-0.33	0.68

Click cells to compare fundamentals

Cathay General Account Relationship Matchups

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

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 together with Cathay Stock

0.61

Axos Financial Fiscal Year End 25th of July 2024

Pair Corr

Moving against Cathay Stock

0.83	TECTP	Tectonic Financial	Pair Corr
0.79	DB	Deutsche Bank AG	Pair Corr
0.65	CFG-PD	Citizens Financial	Pair Corr
0.49	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Cathay General Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cathay General's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cathay General Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cathay General Bancorp Stock:

How To Invest In Cathay

Details

Is Cathay Stock a good investment?

Details

What is Cathay General's Net Worth?

Details

Largest Regional Banks Companies

View

Largest Banks - Regional Companies

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.

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Cathay Long Term Investments vs Capital Surpluse Analysis

Long Term Investments vs Capital Surpluse

Long Term Investments vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Long Term Investments

Capital Surpluse

Cathay General fundamental ratios Correlations

Cathay General Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cathay General fundamental ratios Accounts

Pair Trading with Cathay General

Moving together with Cathay Stock

Moving against Cathay Stock

Complementary Tools for Cathay Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Retained Earnings
Total Stockholder Equity	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Current Assets
Common Stock	+ 0.99	Common Stock Total Equity
Retained Earnings	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.74	Non Currrent Assets Other
Cash And Short Term Investments	- 0.61	Non Current Assets Total
Other Current Assets	- 0.46	Net Receivables
Total Current Assets	- 0.46	Non Current Assets Total
Total Current Assets	- 0.45	Non Currrent Assets Other
Total Current Assets	- 0.43	Net Receivables