China Gold Backtesting

China Gold International Resources Corp Ltd -- Canada Stock  

CAD 2.84  0.01  0.35%

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

February 20, 2018
No Change 0.00  0.0%
In 31 days
March 22, 2018
If you would invest  0.00  in China Gold on February 20, 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, and North American. Ltd., a gold and base metal mining company, principally engages in the acquisition, exploration, development, and mining...

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 0.1006 which signifies that China Gold Internati had 0.1006% 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. We have found twenty-eight technical indicators for China Gold International Resources Corp Ltd which you can use to evaluate future volatility of the firm. Please makes use of China Gold Internati Risk Adjusted Performance of 0.12 and Mean Deviation of 1.24 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 6. The firm shows Beta (market volatility) of -0.7336 which signifies that as returns on market increase, returns on owning China Gold are expected to decrease at a much smaller rate. During bear market, China Gold is likely to outperform the market.. 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. By analyzing China Gold Internati technical indicators you can presently evaluate if the expected return of 0.2852% will be sustainable into the future. Please makes use of China Gold Internati Information Ratio, Value At Risk, Kurtosis, as well as the relationship between Sortino Ratio and Semi Variance to make a quick decision on weather China Gold price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.68) 

Very good reverse predictability

China Gold International Resources Corp Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between China Gold time series from February 20, 2018 to March 7, 2018 and March 7, 2018 to March 22, 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 -0.68 indicates that around 68.0% of current China Gold price fluctuation can be explain by its past prices. Given that China Gold International Resources Corp Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of China Gold for similar time interval.
Correlation Coefficient -0.68
Spearman Rank Test -0.72
Price Variance 0.03
Lagged Price Variance 0.01

China Gold Lagged Returns

 Regressed Prices 

China Gold Performance vs SPTSX Comp

The median price of China Gold for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 2.98000002 with a coefficient of variation of 62.89. The daily time series for the period is distributed with a sample standard deviation of 1.38, arithmetic mean of 2.2, and mean deviation of 1.2. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)