Continental Gold Inc Backtested Returns
Macroaxis considers Continental Gold to be unusually risky. Continental Gold Inc
secures Sharpe Ratio (or Efficiency) of -0.1982 which signifies that Continental Gold Inc
had -0.1982% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Continental Gold Inc exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Continental Gold Inc Risk Adjusted Performance
of (0.093308) and Mean Deviation of 1.22 to double-check risk estimate we provide. Macroaxis gives Continental Gold performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.629 which signifies that as returns on market increase, Continental Gold returns are expected to increase less than the market. However during bear market, the loss on holding Continental Gold will be expected to be smaller as well.. Even though it is essential to pay attention to Continental Gold Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Continental Gold Inc exposes twenty-eight different technical indicators which can help you to evaluate its performance. Continental Gold Inc has expected return of -0.3185%. Please be advised to confirm Continental Gold Inc Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to decide if Continental Gold Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.45 |
Continental Gold Inc has average predictability. Overlapping area represents the amount of predictability between Continental Gold time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 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 0.45 indicates that just about 45.0% of current Continental Gold price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.45|
|Spearman Rank Test|| 0.14|
|Average Price|| 3.02|
|Lagged Average Price|| 3.13|
Continental Gold Lagged Returns