Cathay Nikkei (Taiwan) Buy Hold or Sell Recommendation
| 00657K Etf | USD 13.87 0.29 2.14% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Cathay Nikkei 225 is 'Sell'. Macroaxis provides Cathay Nikkei buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding 00657K positions. The advice algorithm takes into account all of Cathay Nikkei's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cathay Nikkei's buy or sell advice are summarized below:
Real Value 13.44 | Hype Value 13.87 | Market Value 13.87 | Naive Value 13.21 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cathay Nikkei 225 given historical horizon and risk tolerance towards Cathay Nikkei. When Macroaxis issues a 'buy' or 'sell' recommendation for Cathay Nikkei 225, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cathay |
Execute Cathay Nikkei Buy or Sell Advice
The Cathay recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cathay Nikkei 225. Macroaxis does not own or have any residual interests in Cathay Nikkei 225 or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cathay Nikkei's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details |
Cathay Nikkei Trading Alerts and Improvement Suggestions
| The fund holds 86.03% of its total net assets in equities |
Cathay Nikkei Returns Distribution Density
The distribution of Cathay Nikkei's historical returns is an attempt to chart the uncertainty of Cathay Nikkei's future price movements. The chart of the probability distribution of Cathay Nikkei daily returns describes the distribution of returns around its average expected value. We use Cathay Nikkei 225 price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cathay Nikkei returns is essential to provide solid investment advice for Cathay Nikkei.
| Mean Return | 0.1 | Value At Risk | -1.93 | Potential Upside | 1.97 | Standard Deviation | 1.20 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cathay Nikkei historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Cathay Nikkei Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cathay Nikkei or Cathay Securities Investment Trust sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cathay Nikkei's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cathay etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.09 | |
β | Beta against NYSE Composite | -0.03 | |
σ | Overall volatility | 1.25 | |
Ir | Information ratio | 0.0002 |
Cathay Nikkei Volatility Alert
Cathay Nikkei 225 has relatively low volatility with skewness of 0.46 and kurtosis of 1.96. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cathay Nikkei's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cathay Nikkei's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cathay Nikkei Fundamentals Vs Peers
Comparing Cathay Nikkei's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cathay Nikkei's direct or indirect competition across all of the common fundamentals between Cathay Nikkei and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cathay Nikkei or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Cathay Nikkei's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cathay Nikkei by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cathay Nikkei to competition |
| Fundamentals | Cathay Nikkei | Peer Average |
| One Year Return | 6.39 % | (0.97) % |
| Three Year Return | 5.63 % | 3.23 % |
| Net Asset | 133.31 M | 2.29 B |
| Equity Positions Weight | 86.03 % | 52.82 % |
Cathay Nikkei Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cathay . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 13.87 | |||
| Day Typical Price | 13.87 | |||
| Price Action Indicator | 0.14 | |||
| Period Momentum Indicator | 0.29 | |||
| Relative Strength Index | 91.5 |
About Cathay Nikkei Buy or Sell Advice
When is the right time to buy or sell Cathay Nikkei 225? Buying financial instruments such as Cathay Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Cathay Nikkei Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Cathay Nikkei 225 information on this page should be used as a complementary analysis to other Cathay Nikkei'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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.