China Southern (Germany) Market Value
| ZNHH Stock | EUR 0.43 0.03 6.52% |
| Symbol | China |
China Southern '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 China Southern's 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 China Southern.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in China Southern on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding China Southern Airlines or generate 0.0% return on investment in China Southern over 90 days. China Southern is related to or competes with Tencent Music, Hyster Yale, EAGLE MATERIALS, Nomad Foods, THRACE PLASTICS, and Rayonier Advanced. China Southern Airlines Company Limited provides airlines transportation services in the Peoples Republic of China and i... More
China Southern 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 China Southern's 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 China Southern Airlines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0252 | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 6.38 |
China Southern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Southern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Southern's standard deviation. In reality, there are many statistical measures that can use China Southern historical prices to predict the future China Southern's volatility.| Risk Adjusted Performance | 0.0032 | |||
| Jensen Alpha | 0.032 | |||
| Total Risk Alpha | 0.3878 | |||
| Treynor Ratio | (0.05) |
China Southern Airlines Backtested Returns
China Southern Airlines secures Sharpe Ratio (or Efficiency) of -0.0458, which signifies that the company had a -0.0458 % return per unit of risk over the last 3 months. China Southern Airlines exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Southern's Standard Deviation of 3.3, mean deviation of 2.25, and Risk Adjusted Performance of 0.0032 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Southern's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Southern is expected to be smaller as well. At this point, China Southern Airlines has a negative expected return of -0.16%. Please make sure to confirm China Southern's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if China Southern Airlines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
China Southern Airlines has very weak predictability. Overlapping area represents the amount of predictability between China Southern time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 China Southern Airlines price movement. The serial correlation of 0.17 indicates that over 17.0% of current China Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Southern Airlines lagged returns against current returns
Autocorrelation, which is China Southern 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 China Southern's stock expected returns. We can calculate the autocorrelation of China Southern returns to help us make a trade decision. For example, suppose you find that China Southern 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 |
China Southern 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 China Southern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Southern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Southern stock over time.
Current vs Lagged Prices |
| Timeline |
China Southern Lagged Returns
When evaluating China Southern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Southern stock have on its future price. China Southern 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, China Southern autocorrelation shows the relationship between China Southern stock current value and its past values and can show if there is a momentum factor associated with investing in China Southern Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Southern financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Southern security.