China Southern's market value is the price at which a share of China Southern trades on a public exchange. It measures the collective expectations of China Southern SSE investors about its performance. China Southern is trading at 2.05 as of the 11th of December 2024, a 0.49 percent increase since the beginning of the trading day. The etf's open price was 2.04. With this module, you can estimate the performance of a buy and hold strategy of China Southern SSE and determine expected loss or profit from investing in China Southern over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
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 etf 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.
0.00
11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
0.00
If you would invest 0.00 in China Southern on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding China Southern SSE or generate 0.0% return on investment in China Southern over 30 days.
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 etf 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 SSE upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Southern. Your research has to be compared to or analyzed against China Southern's peers to derive any actionable benefits. When done correctly, China Southern's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in China Southern SSE.
China Southern SSE Backtested Returns
China Southern appears to be risky, given 3 months investment horizon. China Southern SSE secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Southern SSE, which you can use to evaluate the volatility of the entity. Please makes use of China Southern's Risk Adjusted Performance of 0.106, mean deviation of 1.56, and Downside Deviation of 2.55 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Southern are expected to decrease at a much lower rate. During the bear market, China Southern is likely to outperform the market.
Auto-correlation
-0.92
Near perfect reversele predictability
China Southern SSE has near perfect reversele predictability. Overlapping area represents the amount of predictability between China Southern time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 SSE price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current China Southern price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.92
Spearman Rank Test
-0.92
Residual Average
0.0
Price Variance
0.0
China Southern SSE lagged returns against current returns
Autocorrelation, which is China Southern etf'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 etf 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 etf 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Southern etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Southern etf 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 etf 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 etf current value and its past values and can show if there is a momentum factor associated with investing in China Southern SSE.