China Gold Backtesting

China Gold International Resources Corp Ltd -- Canada Stock  

CAD 2.11  0.04  1.93%

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
Investment Horizon     30 Days    Login   to change

China Gold 'What if' Analysis

September 23, 2017
No Change 0.00  0.0%
In 31 days
October 23, 2017
If you would invest  0.00  in China Gold on September 23, 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 Taseko Mines, GEODRILL Limited, Shore Gold, SouthGobi Resources, Aquila Resources, and Red Pine. 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 0.1629 which signifies that China Gold Internati had 0.1629% 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-one 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 Downside Deviation of 2.14, Risk Adjusted Performance of 0.0381 and Mean Deviation of 1.55 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 10. The firm shows Beta (market volatility) of -0.9052 which signifies that . 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 patternss. 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 0.3103% will be sustainable into the future. Please makes use of China Gold Internati Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha 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(0.19) 

Insignificant reverse predictability

China Gold International Resources Corp Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Gold time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. 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 -0.19 indicates that over 19.0% 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 -0.19
Spearman Rank Test 0.05
Average Price 2.08
Lagged Average Price 1.99

China Gold Lagged Returns

 Regressed Prices 

China Gold Performance vs SPTSX Comp

The median price of China Gold for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 2.02 with a coefficient of variation of 2.78. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 2.03, and mean deviation of 0.05. The Stock received some media coverage during the period.
Price Growth (%)  
Investor Toolbox A Look at ERP5 For China Gold International...10/20/2017