CHINA SOUTHN (Germany) Market Value
| ZNHH Stock | 0.51 0.00 0.00% |
| Symbol | CHINA |
CHINA SOUTHN '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 SOUTHN'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 SOUTHN.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in CHINA SOUTHN on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA SOUTHN AIR H or generate 0.0% return on investment in CHINA SOUTHN over 30 days.
CHINA SOUTHN 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 SOUTHN'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 SOUTHN AIR H upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.9 | |||
| Information Ratio | 0.2009 | |||
| Maximum Drawdown | 35.91 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 7.41 |
CHINA SOUTHN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA SOUTHN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA SOUTHN's standard deviation. In reality, there are many statistical measures that can use CHINA SOUTHN historical prices to predict the future CHINA SOUTHN's volatility.| Risk Adjusted Performance | 0.1762 | |||
| Jensen Alpha | 1.06 | |||
| Total Risk Alpha | 0.8027 | |||
| Sortino Ratio | 0.2127 | |||
| Treynor Ratio | 1.78 |
CHINA SOUTHN AIR Backtested Returns
CHINA SOUTHN appears to be abnormally volatile, given 3 months investment horizon. CHINA SOUTHN AIR secures Sharpe Ratio (or Efficiency) of 0.0952, which signifies that the company had a 0.0952% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for CHINA SOUTHN AIR H , which you can use to evaluate the volatility of the firm. Please makes use of CHINA SOUTHN's Semi Deviation of 3.2, mean deviation of 3.36, and Risk Adjusted Performance of 0.1762 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CHINA SOUTHN holds a performance score of 7. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CHINA SOUTHN's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHINA SOUTHN is expected to be smaller as well. Please check CHINA SOUTHN's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether CHINA SOUTHN's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
CHINA SOUTHN AIR H has average predictability. Overlapping area represents the amount of predictability between CHINA SOUTHN time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th of December 2024. 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 SOUTHN AIR price movement. The serial correlation of 0.42 indicates that just about 42.0% of current CHINA SOUTHN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA SOUTHN AIR lagged returns against current returns
Autocorrelation, which is CHINA SOUTHN 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 SOUTHN's stock expected returns. We can calculate the autocorrelation of CHINA SOUTHN returns to help us make a trade decision. For example, suppose you find that CHINA SOUTHN 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 |
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CHINA SOUTHN 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 SOUTHN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA SOUTHN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA SOUTHN stock over time.
Current vs Lagged Prices |
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CHINA SOUTHN Lagged Returns
When evaluating CHINA SOUTHN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA SOUTHN stock have on its future price. CHINA SOUTHN 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 SOUTHN autocorrelation shows the relationship between CHINA SOUTHN stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA SOUTHN AIR H .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CHINA Stock Analysis
When running CHINA SOUTHN's price analysis, check to measure CHINA SOUTHN'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 CHINA SOUTHN is operating at the current time. Most of CHINA SOUTHN's value examination focuses on studying past and present price action to predict the probability of CHINA SOUTHN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHINA SOUTHN's price. Additionally, you may evaluate how the addition of CHINA SOUTHN to your portfolios can decrease your overall portfolio volatility.