Spring Airlines (China) Market Value
| 601021 Stock | 56.05 0.41 0.73% |
| 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.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Spring Airlines on September 4, 2024 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 90 days. Spring Airlines is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. 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.
| Downside Deviation | 2.14 | |||
| Information Ratio | 0.0408 | |||
| Maximum Drawdown | 14.87 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.95 |
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 | 0.0781 | |||
| Jensen Alpha | 0.2116 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0451 | |||
| Treynor Ratio | (28.87) |
Spring Airlines Backtested Returns
At this point, Spring Airlines is very steady. Spring Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0766, which indicates the firm had a 0.0766% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Spring Airlines Co, which you can use to evaluate the volatility of the company. Please validate Spring Airlines' Semi Deviation of 1.92, coefficient of variation of 1071.19, and Risk Adjusted Performance of 0.0781 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Spring Airlines has a performance score of 6 on a scale of 0 to 100. The entity has a beta of -0.0073, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Spring Airlines are expected to decrease at a much lower rate. During the bear market, Spring Airlines is likely to outperform the market. Spring Airlines right now has a risk of 2.37%. Please validate Spring Airlines standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Spring Airlines will be following its existing price patterns.
Auto-correlation | 0.17 |
Very weak predictability
Spring Airlines Co has very weak predictability. Overlapping area represents the amount of predictability between Spring Airlines time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Spring Airlines price movement. The serial correlation of 0.17 indicates that over 17.0% of current Spring Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
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.