Spring Airlines (China) Market Value
| 601021 Stock | 52.27 0.20 0.38% |
| Symbol | Spring |
Spring Airlines 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Spring Airlines' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Spring Airlines.
| 03/09/2023 |
| 02/26/2025 |
If you would invest 0.00 in Spring Airlines on March 9, 2023 and sell it all today you would earn a total of 0.00 from holding Spring Airlines Co or generate 0.0% return on investment in Spring Airlines over 720 days. Spring Airlines is related to or competes with Cofoe Medical, BrightGene Bio, Eyebright Medical, Porton Fine, Guangzhou Boji, and Innovative Medical. Spring Airlines is entity of China. It is traded as Stock on SHG exchange. More
Spring Airlines Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Spring Airlines' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Spring Airlines Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.49 |
Spring Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Spring Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Spring Airlines' standard deviation. In reality, there are many statistical measures that can use Spring Airlines historical prices to predict the future Spring Airlines' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.88) |
Spring Airlines Backtested Returns
Spring Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0914, which indicates the firm had a -0.0914 % return per unit of risk over the last 3 months. Spring Airlines Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Spring Airlines' Variance of 2.62, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,645) to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Spring Airlines' returns are expected to increase less than the market. However, during the bear market, the loss of holding Spring Airlines is expected to be smaller as well. At this point, Spring Airlines has a negative expected return of -0.15%. Please make sure to validate Spring Airlines' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Spring Airlines performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Spring Airlines Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Spring Airlines time series from 9th of March 2023 to 3rd of March 2024 and 3rd of March 2024 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Spring Airlines price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Spring Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 7.65 |
Spring Airlines lagged returns against current returns
Autocorrelation, which is Spring Airlines stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Spring Airlines' stock expected returns. We can calculate the autocorrelation of Spring Airlines returns to help us make a trade decision. For example, suppose you find that Spring Airlines has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Spring Airlines regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Spring Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Spring Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Spring Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
Spring Airlines Lagged Returns
When evaluating Spring Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Spring Airlines stock have on its future price. Spring Airlines autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Spring Airlines autocorrelation shows the relationship between Spring Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in Spring Airlines Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Spring Stock
Spring Airlines financial ratios help investors to determine whether Spring Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spring with respect to the benefits of owning Spring Airlines security.