China Gold Backtesting

China Gold International Resources Corp Ltd -- Canada Stock  

CAD 2.45  0.03  1.21%

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

China Gold 'What if' Analysis

December 18, 2017
No Change 0.00  0.0%
In 31 days
January 17, 2018
If you would invest  0.00  in China Gold on December 18, 2017 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, and North American. engages in the acquisition, exploration, development, and operates of gold and base metal mineral properties in Canada a...

China Gold Upside/Downside Indicators


China Gold Market Premium Indicators

China Gold Internati lagged returns against current returns

 Current and Lagged Values 

China Gold regressed lagged prices vs. current prices

 Current vs Lagged Prices 

China Gold Internati Backtested Returns

Macroaxis considers China Gold extremely risky given 1 month investment horizon. China Gold Internati secures Sharpe Ratio (or Efficiency) of 0.4085 which signifies that China Gold Internati had 0.4085% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing China Gold Internati technical indicators you can presently evaluate if the expected return of 0.8416% is justified by implied risk. Please makes use of China Gold Internati Coefficient Of Variation of 245.21, Risk Adjusted Performance of 0.1679 and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 China Gold holds performance score of 26. The firm shows Beta (market volatility) of -2.2059 which signifies that as returns on market increase, returns on owning China Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, China Gold is expected to significantly outperform it.. Although it is vital to follow to China Gold Internati historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty technical indicators for China Gold International Resources Corp Ltd which you can use to evaluate performance of the firm. Please makes use of China Gold Internati Treynor Ratio, and the relationship between Variance and Potential Upside to make a quick decision on weather China Gold price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.65 

Good predictability

China Gold International Resources Corp Ltd has good predictability. Overlapping area represents the amount of predictability between China Gold time series from December 18, 2017 to January 2, 2018 and January 2, 2018 to January 17, 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 0.65 indicates that roughly 65.0% of current China Gold price fluctuation can be explain by its past prices.
Correlation Coefficient 0.65
Spearman Rank Test 0.68
Lagged Price Variance 0.01
Average Price 2.39

China Gold Lagged Returns

 Regressed Prices 

China Gold Performance vs SPTSX Comp

The median price of China Gold for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 2.35 with a coefficient of variation of 6.4. The daily time series for the period is distributed with a sample standard deviation of 0.15, arithmetic mean of 2.29, and mean deviation of 0.13. The Stock received some media coverage during the period.
Price Growth (%)  
China Gold International Establishes Technical Advisory Comm...01/17/2018