Continental Gold Backtesting

CNL -- Canada Stock  

CAD 3.62  0.10  2.69%

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

Continental Gold 'What if' Analysis

May 24, 2018
No Change 0.00  0.0%
In 31 days
June 23, 2018
If you would invest  0.00  in Continental Gold on May 24, 2018 and sell it all today you would earn a total of 0.00 from holding Continental Gold or generate 0.0% return on investment in Continental Gold over 30 days. Continental Gold is related to or competes with Parex Resources, Boralex, China Gold, Lucara Diamond, North American, and LITHIUM AMERICAS. Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and developm...

Continental Gold Upside/Downside Indicators


Continental Gold Market Premium Indicators

Continental Gold Backtested Returns

We consider Continental Gold unusually risky. Continental Gold secures Sharpe Ratio (or Efficiency) of 0.0585 which signifies that Continental Gold had 0.0585% 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 Continental Gold which you can use to evaluate future volatility of the firm. Please confirm Continental Gold to double-check if risk estimate we provide are consistent with the epected return of 0.12%. Continental Gold has performance score of 3 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Continental Gold are completely uncorrelated. Although it is extremely important to respect Continental Gold historical returns, it is better to be realistic regarding the information on 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 Continental Gold technical indicators you can presently evaluate if the expected return of 0.12% will be sustainable into the future. Continental Gold right now shows a risk of 2.0501%. Please confirm Continental Gold Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Continental Gold will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Continental Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Continental Gold time series from May 24, 2018 to June 8, 2018 and June 8, 2018 to June 23, 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 Continental Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Continental Gold price fluctuation can be explain by its past prices.
Spearman Rank Test -0.1
Price Variance 0.01
Average Price 3.53
Lagged Average Price 3.67

Continental Gold lagged returns against current returns

 Current and Lagged Values 

Continental Gold regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Continental Gold Lagged Returns

 Regressed Prices 

Current Sentiment - CNL

Continental Gold Investor Sentiment
Most of Macroaxis users are currently bullish on Continental Gold. What is your opinion about investing in Continental Gold? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Continental 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
Run Pair Correlation  
Check also Continental Gold Hype Analysis, Continental Gold Correlation, Continental Gold Valuation, Continental Gold Volatility as well as analyze Continental Gold Alpha and Beta and Continental Gold Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.