Spring Airlines (China) Price on November 25, 2024
| 601021 Stock | 57.02 0.24 0.42% |
Below is the normalized historical share price chart for Spring Airlines Co extending back to January 21, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Spring Airlines stands at 57.02, as last reported on the 30th of November, with the highest price reaching 57.59 and the lowest price hitting 56.06 during the day.
If you're considering investing in Spring Stock, it is important to understand the factors that can impact its price. Spring Airlines appears to be very steady, given 3 months investment horizon. Spring Airlines owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% 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 review Spring Airlines' Coefficient Of Variation of 972.51, semi deviation of 1.94, and Risk Adjusted Performance of 0.0854 to confirm if our risk estimates are consistent with your expectations.
As of November 30, 2024, Total Stockholder Equity is expected to decline to about 10 B. In addition to that, Common Stock is expected to decline to about 755.9 M. Spring Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 55.1009 | 50 Day MA 55.3628 | Beta 0.746 |
Spring |
Sharpe Ratio = 0.1186
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601021 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.42 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Spring Airlines is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spring Airlines by adding it to a well-diversified portfolio.
Price Book 3.1496 | Enterprise Value Ebitda 24.6135 | Price Sales 2.8282 | Shares Float 417.3 M | Wall Street Target Price 67.75 |
Spring Airlines Valuation on November 25, 2024
It is possible to determine the worth of Spring Airlines on a given historical date. On November 25, 2024 Spring was worth 58.36 at the beginning of the trading date compared to the closed value of 57.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spring Airlines stock. Still, in general, we apply an absolute valuation method to find Spring Airlines' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spring Airlines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spring Airlines' related companies.
| Open | High | Low | Close | Volume | |
| 59.18 | 60.26 | 57.62 | 57.98 | 5,042,963 | |
11/25/2024 | 58.36 | 59.39 | 56.63 | 57.16 | 5,155,842 |
| 56.50 | 59.59 | 56.49 | 56.78 | 6,774,499 |
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Spring Airlines Trading Date Momentum on November 25, 2024
| On November 26 2024 Spring Airlines Co was traded for 56.78 at the closing time. The highest price during the trading period was 59.59 and the lowest recorded bid was listed for 56.49 . The volume for the day was 6.8 M. This history from November 26, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.66% . The trading price change to the current price is 0.59% . |
Spring Airlines Fundamentals Correlations and Trends
By evaluating Spring Airlines' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spring Airlines' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spring financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spring Airlines Stock history
Spring Airlines investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spring is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spring Airlines will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spring Airlines stock prices may prove useful in developing a viable investing in Spring Airlines
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.1 B | 1 B | |
| Net Income Applicable To Common Shares | 35.2 M | 33.4 M |
Spring Airlines Stock Technical Analysis
Spring Airlines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Spring Airlines Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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Spring Airlines November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Spring Airlines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spring Airlines shares will generate the highest return on investment. By undertsting and applying Spring Airlines stock market strength indicators, traders can identify Spring Airlines Co entry and exit signals to maximize returns
Spring Airlines Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spring Airlines' price direction in advance. Along with the technical and fundamental analysis of Spring Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spring to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0854 | |||
| Jensen Alpha | 0.235 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0484 | |||
| Treynor Ratio | (13.07) |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Spring Stock analysis
When running Spring Airlines' price analysis, check to measure Spring Airlines' 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 Spring Airlines is operating at the current time. Most of Spring Airlines' value examination focuses on studying past and present price action to predict the probability of Spring Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spring Airlines' price. Additionally, you may evaluate how the addition of Spring Airlines to your portfolios can decrease your overall portfolio volatility.
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