China Southern Correlations
| ZNHH Stock | EUR 0.34 0.01 3.03% |
The correlation of China Southern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Southern Airlines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between China Southern Airlines and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Southern Airlines and NYA in the same portfolio, assuming nothing else is changed.
China |
The ability to find closely correlated positions to China Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Southern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Southern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Southern Airlines to buy it.
Moving together with China Stock
Moving against China Stock
| 0.81 | OYC | Delta Air Lines | PairCorr |
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| 0.62 | 27J | Impinj Inc | PairCorr |
| 0.59 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.54 | RY4D | RYANAIR HLDGS ADR | PairCorr |
| 0.53 | RY4C | Ryanair Holdings plc | PairCorr |
| 0.51 | ADH2 | Air Canada | PairCorr |
| 0.49 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.46 | MTO | Mitie Group PLC | PairCorr |
| 0.44 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.43 | RY4C | Ryanair Holdings plc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between China Stock performing well and China Southern Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze China Southern's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| K8Y | 2.40 | (0.04) | 0.00 | 0.54 | 0.00 | 8.33 | 20.83 | |||
| HKT | 1.52 | 0.48 | 0.19 | 0.69 | 0.58 | 2.50 | 35.96 | |||
| BBEA | 1.26 | (0.35) | 0.00 | (4.57) | 0.00 | 2.17 | 18.46 | |||
| TSI | 1.72 | 0.37 | 0.13 | 0.74 | 1.84 | 4.12 | 10.63 | |||
| RNT | 1.87 | (0.12) | 0.00 | (0.39) | 0.00 | 4.55 | 17.67 | |||
| ZSL | 0.69 | 0.09 | 0.05 | 0.57 | 0.69 | 1.61 | 4.47 | |||
| 7SN | 1.45 | 0.05 | (0.01) | (0.08) | 1.75 | 2.86 | 9.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in China Southern without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
China Southern Corporate Management
Elected by the shareholders, the China Southern's board of directors comprises two types of representatives: China Southern inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Southern's management team and ensure that shareholders' interests are well served. China Southern's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, China Southern's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xulun Ma | Ex Board | Profile | |
| Weihua Chen | Joint Adviser | Profile | |
| Bing Xie | Chief Economist | Profile | |
| Hailong Zhu | Chief Officer | Profile | |
| Zhengrong Zhang | Ex VP | Profile | |
| Huanan Feng | Chief Safety | Profile | |
| Yong Yao | Chief VP | Profile |
Already Invested in China Southern Airlines?
The danger of trading China Southern Airlines is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of China Southern is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than China Southern. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile China Southern Airlines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in China Southern Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the China Southern Airlines information on this page should be used as a complementary analysis to other China Southern's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for China Stock analysis
When running China Southern's price analysis, check to measure China Southern's 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 China Southern is operating at the current time. Most of China Southern's value examination focuses on studying past and present price action to predict the probability of China Southern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Southern's price. Additionally, you may evaluate how the addition of China Southern to your portfolios can decrease your overall portfolio volatility.
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