CATHAY SECURITIES (Taiwan) Performance

080984 -  Taiwan Stock  

TWD 0.02  0.00  0.00%

The firm shows a Beta (market volatility) of 1.2996, which signifies a somewhat significant risk relative to the market. Let's try to break down what CATHAY's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CATHAY SECURITIES will likely underperform. Even though it is essential to pay attention to CATHAY SECURITIES historical returns, it is always good to be careful when utilizing equity current trending patterns. Our way of foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CATHAY SECURITIES CORPORATION exposes twenty-one different technical indicators, which can help you to evaluate its performance. CATHAY SECURITIES has an expected return of -29.82%. Please be advised to confirm CATHAY SECURITIES standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if CATHAY SECURITIES performance from the past will be repeated in the future.

CATHAY Stock Performance 

 
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 CATHAY Performance
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Over the last 90 days CATHAY SECURITIES CORPORATION has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in November 2021. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Fifty Two Week Low0.1900
Fifty Two Week High0.1900

CATHAY SECURITIES Relative Risk vs. Return Landscape

If you would invest  19.00  in CATHAY SECURITIES CORPORATION on July 24, 2021 and sell it today you would lose (17.00)  from holding CATHAY SECURITIES CORPORATION or give up 89.47% of portfolio value over 90 days. CATHAY SECURITIES CORPORATION is generating negative expected returns and assumes 51.6577% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than CATHAY on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days trading horizon CATHAY SECURITIES is expected to under-perform the market. In addition to that, the company is 72.44 times more volatile than its market benchmark. It trades about -0.58 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of volatility.

CATHAY SECURITIES Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for CATHAY SECURITIES's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as CATHAY SECURITIES CORPORATION, and traders can use it to determine the average amount a CATHAY SECURITIES's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.5774

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Negative Returns080984
Estimated Market Risk
 51.66
  actual daily
 
 96 %
of total potential
 
9696
Expected Return
 -29.82
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 0 %
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Risk-Adjusted Return
 -0.58
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Based on monthly moving average CATHAY SECURITIES is performing at about 0% of its full potential. 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 SECURITIES by adding it to a well-diversified portfolio.

About CATHAY SECURITIES Performance

To evaluate CATHAY SECURITIES Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when CATHAY SECURITIES generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare CATHAY Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand CATHAY SECURITIES stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents CATHAY's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about CATHAY SECURITIES

Checking the ongoing alerts about CATHAY SECURITIES for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CATHAY SECURITIES help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

CATHAY SECURITIES Alerts

Equity Alerts and Improvement Suggestions

CATHAY SECURITIES is not yet fully synchronised with the market data
CATHAY SECURITIES generated a negative expected return over the last 90 days
CATHAY SECURITIES has high historical volatility and very poor performance
CATHAY SECURITIES has some characteristics of a very speculative penny stock
Please continue to Trending Equities. Note that the CATHAY SECURITIES information on this page should be used as a complementary analysis to other CATHAY SECURITIES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

Other Tools for CATHAY Stock

When running CATHAY SECURITIES price analysis, check to measure CATHAY SECURITIES'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 SECURITIES is operating at the current time. Most of CATHAY SECURITIES's value examination focuses on studying past and present price action to predict the probability of CATHAY SECURITIES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CATHAY SECURITIES's price. Additionally, you may evaluate how the addition of CATHAY SECURITIES to your portfolios can decrease your overall portfolio volatility.
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