China Southern Airlines Stock Market Value
| CHKIF Stock | USD 0.45 0.01 2.17% |
| 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 pink sheet 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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in China Southern on December 13, 2022 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 720 days. China Southern is related to or competes with Finnair Oyj, EasyJet Plc, Norse Atlantic, Air New, Air China, Air France-KLM, and AirAsia Group. China Southern Airlines Company Limited offers airline transportation services in the Peoples Republic of China, Hong Ko... 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 pink sheet 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 | 0.092 | |||
| Maximum Drawdown | 42.39 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 10.0 |
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 | 0.0967 | |||
| Jensen Alpha | 0.615 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 1.43 |
China Southern Airlines Backtested Returns
China Southern appears to be out of control, given 3 months investment horizon. China Southern Airlines secures Sharpe Ratio (or Efficiency) of 0.0674, which signifies that the company had a 0.0674% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for China Southern Airlines, which you can use to evaluate the volatility of the firm. Please makes use of China Southern's Standard Deviation of 5.95, risk adjusted performance of 0.0967, and Mean Deviation of 2.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Southern holds a performance score of 5. The firm shows a Beta (market volatility) of 0.47, 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. Please check China Southern's information ratio, kurtosis, period momentum indicator, as well as the relationship between the treynor ratio and day median price , to make a quick decision on whether China Southern's price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
China Southern Airlines has poor reverse predictability. Overlapping area represents the amount of predictability between China Southern time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Southern Airlines price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current China Southern price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Southern Airlines lagged returns against current returns
Autocorrelation, which is China Southern pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Southern pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Southern pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
China Southern financial ratios help investors to determine whether China Pink Sheet 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.