Continental Gold Backtesting

Continental Gold Inc -- Canada Stock  

CAD 3.27  0.2  5.76%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Continental Gold Inc 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
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

Continental Gold 'What if' Analysis

September 18, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 18, 2017
 0.00 
If you would invest  0.00  in Continental Gold on September 18, 2017 and sell it all today you would earn a total of 0.00 from holding Continental Gold Inc or generate 0.0% return on investment in Continental Gold over 30 days. Continental Gold is related to or competes with Parex Resources, Boralex, Lucara Diamond, China Gold, Taseko Mines. Continental Gold Inc holds the rights to explore 1 advancedstage gold project and 3 earlystage projects in Colombia cove...

Continental Gold Upside/Downside Indicators

  

Continental Gold Market Premium Indicators

Continental Gold Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Continental Gold regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Continental Gold Inc Backtested Returns

Macroaxis considers Continental Gold unusually risky given 1 month investment horizon. Continental Gold Inc secures Sharpe Ratio (or Efficiency) of 0.147 which signifies that Continental Gold Inc had 0.147% 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 Inc which you can use to evaluate future volatility of the firm. Please makes use of Continental Gold Inc Downside Deviation of 2.88, Risk Adjusted Performance of 0.0428 and Mean Deviation of 1.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Continental Gold holds performance score of 9. The firm shows Beta (market volatility) of 3.4173 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Continental Gold will likely underperform.. Although it is vital to follow to Continental Gold Inc 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 Continental Gold Inc technical indicators you can presently evaluate if the expected return of 0.3967% will be sustainable into the future. Please makes use of Continental Gold Inc Jensen Alpha as well as the relationship between Potential Upside and Skewness to make a quick decision on weather Continental Gold price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.19) 

Insignificant reverse predictability

Continental Gold Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Continental Gold time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 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 Continental Gold Inc price movement. The serial correlation of -0.19 indicates that over 19.0% of current Continental Gold price fluctuation can be explain by its past prices. Given that Continental Gold Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Continental Gold for similar time interval.
Correlation Coefficient -0.19
Spearman Rank Test 0.05
Price Variance 0.02
Lagged Price Variance 0.01

Continental Gold Lagged Returns

 Regressed Prices 
      Timeline 

Continental Gold Performance vs SPTSX Comp

The median price of Continental Gold for the period between Mon, Sep 18, 2017 and Wed, Oct 18, 2017 is 3.21 with a coefficient of variation of 5.73. The daily time series for the period is distributed with a sample standard deviation of 0.19, arithmetic mean of 3.24, and mean deviation of 0.15. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Continental Gold Announces Drilling of Greenfield Targets to...10/16/2017