Macroaxis considers Continental Gold to be unusually risky. Continental Gold
secures Sharpe Ratio (or Efficiency) of -0.0319 which signifies that Continental Gold
had -0.0319% 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 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Continental Gold Risk Adjusted Performance
of 0.013308 and Mean Deviation of 1.81 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 0.8975 which signifies that Continental Gold returns are very sensitive to returns on the market. as market goes up or down, Continental Gold is expected to follow.. Even though it is essential to pay attention to Continental Gold 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Continental Gold has expected return of -0.0759%. Please be advised to confirm Continental Gold Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Continental Gold past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.61) |
Very good reverse predictability
Continental Gold has very good reverse predictability. Overlapping area represents the amount of predictability between Continental Gold time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 -0.61 indicates that roughly 61.0% of current Continental Gold price fluctuation can be explain by its past prices. Given that Continental Gold 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.
|Spearman Rank Test||0.35|