China Gold Backtesting

CGG -- Canada Stock  

CAD 2.16  0.025  1.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of China Gold International Resources Corp Ltd and determine expected loss or profit from investing in China Gold over given investment horizon. Check also China Gold Hype Analysis, China Gold Correlation, China Gold Valuation, China Gold Volatility as well as analyze China Gold Alpha and Beta and China Gold Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

China Gold 'What if' Analysis

June 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 18, 2018
0.00
If you would invest  0.00  in China Gold on June 18, 2018 and sell it all today you would earn a total of 0.00 from holding China Gold International Resources Corp Ltd or generate 0.0% return on investment in China Gold over 30 days. China Gold is related to or competes with Parex Resources, Boralex, Lucara Diamond, Continental Gold, Lithium Americas, and NTH AMER. Ltd., a gold and base metal mining company, principally engages in the acquisition, exploration, development, and mining...

China Gold Upside/Downside Indicators

Information Ratio0.41
Maximum Drawdown5.39
Value At Risk3.60
Potential Upside1.88
  

China Gold Market Premium Indicators

Risk Adjusted Performance0.19
Jensen Alpha0.59
Total Risk Alpha0.91
Treynor Ratio2.82

China Gold Internati Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

China Gold Internati lagged returns against current returns

 Current and Lagged Values 
      Timeline 

China Gold regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

China Gold Lagged Returns

 Regressed Prices 
      Timeline 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for China Gold and Parex Resources. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also China Gold Hype Analysis, China Gold Correlation, China Gold Valuation, China Gold Volatility as well as analyze China Gold Alpha and Beta and China Gold Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.