Macroaxis considers Kingold Jewelry to be abnormally risky. Kingold Jewelry
has Sharpe Ratio of -0.1417 which conveys that Kingold Jewelry
had -0.1417% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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
. Kingold Jewelry exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Kingold Jewelry Mean Deviation
of 2.8 and Risk Adjusted Performance
of 0.14 to check out risk estimate we provide. Macroaxis gives Kingold Jewelry performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.4695 which conveys that as returns on market increase, returns on owning Kingold Jewelry are expected to decrease at a much smaller rate. During bear market, Kingold Jewelry is likely to outperform the market.. Even though it is essential to pay attention to Kingold Jewelry price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Kingold Jewelry exposes twenty-one different technical indicators which can help you to evaluate its performance. Kingold Jewelry has expected return of -0.5209%. Please be advised to verify Kingold Jewelry Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Kingold Jewelry past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.62 |
Kingold Jewelry has good predictability. Overlapping area represents the amount of predictability between Kingold Jewelry time series from September 16, 2018 to October 1, 2018 and October 1, 2018 to October 16, 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 Kingold Jewelry price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Kingold Jewelry price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.58|