Kingold Jewelry Backtesting

KGJI -- USA Stock  

USD 1.23  0.015  1.23%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Kingold Jewelry and determine expected loss or profit from investing in Kingold Jewelry over given investment horizon. Please see also Kingold Jewelry Hype Analysis, Kingold Jewelry Correlation, Kingold Jewelry Valuation, Kingold Jewelry Volatility as well as analyze Kingold Jewelry Alpha and Beta and Kingold Jewelry Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

Kingold Jewelry 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 17, 2018
0.00
If you would invest  0.00  in Kingold Jewelry on June 17, 2018 and sell it all today you would earn a total of 0.00 from holding Kingold Jewelry or generate 0.0% return on investment in Kingold Jewelry over 30 days. Kingold Jewelry is related to or competes with Birks, Movado, Charles Colvard, Ford Motor, Hyatt Hotels, and MACYS INC. Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the Peoples Republ...

Kingold Jewelry Upside/Downside Indicators

Maximum Drawdown4.69
Value At Risk2.06
Potential Upside1.65
  

Kingold Jewelry Market Premium Indicators

Risk Adjusted Performance0.01

Kingold Jewelry Backtested Returns

Macroaxis considers Kingold Jewelry to be extremely risky. Kingold Jewelry has Sharpe Ratio of -0.1601 which conveys that Kingold Jewelry had -0.1601% 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 1.1 and Risk Adjusted Performance of 0.01 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 0.0 which conveys that the returns on MARKET and Kingold Jewelry are completely uncorrelated. 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 -0.2486%. 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.26) 

Weak reverse predictability

Kingold Jewelry has weak reverse predictability. Overlapping area represents the amount of predictability between Kingold Jewelry time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 -0.26 indicates that nearly 26.0% of current Kingold Jewelry price fluctuation can be explain by its past prices. Given that Kingold Jewelry has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Kingold Jewelry for similar time interval.
Correlation Coefficient -0.26
Spearman Rank Test 0.19
Average Price 1.24
Lagged Average Price 1.24

Kingold Jewelry lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Kingold Jewelry regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Kingold Jewelry Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Kingold Jewelry Hype Analysis, Kingold Jewelry Correlation, Kingold Jewelry Valuation, Kingold Jewelry Volatility as well as analyze Kingold Jewelry Alpha and Beta and Kingold Jewelry Performance. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.