Hainan Airlines (China) Market Value
| 900945 Stock | 0.28 0.01 3.45% |
| Symbol | Hainan |
Hainan 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 Hainan 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 Hainan Airlines.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hainan Airlines on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Airlines Co or generate 0.0% return on investment in Hainan Airlines over 30 days. Hainan Airlines is related to or competes with AVCON Information, Guangzhou Ruoyuchen, Tongding Interconnection, Focus Media, Datang HuaYin, Digital China, and China Marine. Hainan Airlines is entity of China. It is traded as Stock on SHG exchange. More
Hainan 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 Hainan 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 Hainan Airlines Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.07 | |||
| Information Ratio | 0.1909 | |||
| Maximum Drawdown | 20.2 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.0 |
Hainan Airlines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Airlines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Airlines' standard deviation. In reality, there are many statistical measures that can use Hainan Airlines historical prices to predict the future Hainan Airlines' volatility.| Risk Adjusted Performance | 0.1797 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.2535 | |||
| Sortino Ratio | 0.125 | |||
| Treynor Ratio | (0.66) |
Hainan Airlines Backtested Returns
Hainan Airlines appears to be out of control, given 3 months investment horizon. Hainan Airlines holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. By evaluating Hainan Airlines' technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please utilize Hainan Airlines' Risk Adjusted Performance of 0.1797, downside deviation of 6.07, and Market Risk Adjusted Performance of (0.65) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hainan Airlines holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of -1.33, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hainan Airlines are expected to decrease by larger amounts. On the other hand, during market turmoil, Hainan Airlines is expected to outperform it. Please check Hainan Airlines' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hainan Airlines' current trending patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Hainan Airlines Co has very good predictability. Overlapping area represents the amount of predictability between Hainan Airlines time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Hainan Airlines price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Hainan Airlines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hainan Airlines lagged returns against current returns
Autocorrelation, which is Hainan 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 Hainan Airlines' stock expected returns. We can calculate the autocorrelation of Hainan Airlines returns to help us make a trade decision. For example, suppose you find that Hainan 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 |
Hainan 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 Hainan Airlines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Airlines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Airlines stock over time.
Current vs Lagged Prices |
| Timeline |
Hainan Airlines Lagged Returns
When evaluating Hainan Airlines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Airlines stock have on its future price. Hainan 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, Hainan Airlines autocorrelation shows the relationship between Hainan Airlines stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Airlines Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hainan Stock
Hainan Airlines financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Airlines security.