Continental Gold Backtesting

CNL -- Canada Stock  

CAD 3.33  0.08  2.46%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Continental Gold 'What if' Analysis

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in Continental Gold on August 21, 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 Cameco, Lundin Gold, Orocobre, McEwen Mining, Champion Iron, Lithium Americas, and Leagold Mining. Continental Gold Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and developm...

Continental Gold Upside/Downside Indicators

Information Ratio0.1
Maximum Drawdown9.79
Value At Risk4.53
Potential Upside3.17
  

Continental Gold Market Premium Indicators

Risk Adjusted Performance0.013308
Jensen Alpha0.23
Total Risk Alpha0.71
Treynor Ratio0.16

Continental Gold Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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.
Correlation Coefficient-0.61
Spearman Rank Test0.35
Residual Average0.0
Price Variance0.0

Continental Gold 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 Lagged Returns

 Regressed Prices 
      Timeline 

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?
Bullish
Bearish
98% Bullish
2% Bearish
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Continental Gold Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Continental Gold and Cameco. 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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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