Cathay General Bancorp Stock Price on May 15, 2024

CATY Stock  USD 36.46  0.05  0.14%   
If you're considering investing in Cathay Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cathay General stands at 36.46, as last reported on the 10th of June, with the highest price reaching 36.56 and the lowest price hitting 36.03 during the day. Cathay General Bancorp secures Sharpe Ratio (or Efficiency) of -0.0548, which signifies that the company had a -0.0548% return per unit of risk over the last 3 months. Cathay General Bancorp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay General's Mean Deviation of 1.27, risk adjusted performance of (0.03), and Standard Deviation of 1.81 to double-check the risk estimate we provide.
  
Cathay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0548

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Estimated Market Risk

 1.81
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.1
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  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.

Related Headline

HMN Financial Headline on 15th of May 2024

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HMN Financial, Inc. to Alerus Financial Corporation

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 37.68. 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    37.35    152,916  
05/15/2024
  38.15    38.24    37.52    37.68    185,536  
  37.83    38.14    37.73    37.73    177,729  
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Open Value
38.15
37.68
Closing Value
43.58
Upside

Cathay General Trading Date Momentum on May 15, 2024

On May 16 2024 Cathay General Bancorp was traded for  37.73  at the closing time. The top price for the day was 38.14  and the lowest listed price was  37.73 . 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 3.53% .

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
Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company was founded in 1962 and is headquartered in Los Angeles, California. Cathay Genl operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1156 people.

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.
A focus of Cathay General technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cathay General trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cathay General Period Price Range

Low
May 15, 2024
-0.47  -1.23%
High

 38.15 

     

 37.68 

Cathay General June 10, 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

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.

Additional 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.