Macroaxis considers China Gold to be unusually risky. China Gold Internati
secures Sharpe Ratio (or Efficiency) of -0.3615 which signifies that China Gold Internati
had -0.3615% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. China Gold International Resources Corp Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Gold Internati Risk Adjusted Performance
of 0.19 and Mean Deviation of 1.29 to double-check risk estimate we provide. Macroaxis gives China Gold performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2011 which signifies that as returns on market increase, China Gold returns are expected to increase less than the market. However during bear market, the loss on holding China Gold will be expected to be smaller as well.. Even though it is essential to pay attention to China Gold Internati historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. China Gold International Resources Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. China Gold Internati has expected return of -0.6028%. Please be advised to confirm China Gold Internati Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if China Gold Internati past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.32 |
Below average predictability
China Gold International Resources Corp Ltd has below average predictability. Overlapping area represents the amount of predictability between China Gold time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 2018. 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 Gold Internati price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current China Gold price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.32|
|Spearman Rank Test|| 0.29|
|Lagged Price Variance|| 0.01|
|Average Price|| 2.17|