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.
|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