Kingold Jewelry Backtesting

KGJI -- USA Stock  

USD 0.75  0.001  0.00%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Kingold Jewelry 'What if' Analysis

November 22, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
January 21, 2019
0.00
If you would invest  0.00  in Kingold Jewelry on November 22, 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 60 days. Kingold Jewelry is related to or competes with Birks, Movado, Charles Colvard, Ford Motor, Hyatt Hotels, and Macys. Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the Peoples Republ...

Kingold Jewelry Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown19.67
Value At Risk(5.47)
Potential Upside5.01
  

Kingold Jewelry Market Premium Indicators

Risk Adjusted Performance(0.27)
Jensen Alpha(0.49)
Total Risk Alpha(0.39)
Treynor Ratio(6.73)

Kingold Jewelry Backtested Returns

Macroaxis considers Kingold Jewelry to be abnormally risky. Kingold Jewelry has Sharpe Ratio of -0.2015 which conveys that the firm had -0.2015% of return per unit of risk over the last 2 months. 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 2.51 and Risk Adjusted Performance of (0.27) to check out risk estimate we provide. The company secures Beta (Market Risk) of 0.0728 which conveys that as returns on market increase, Kingold Jewelry returns are expected to increase less than the market. However during bear market, the loss on holding Kingold Jewelry will be expected to be smaller as well. 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 -0.5675%. 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(0.11) 
correlation synergy

Insignificant reverse predictability

Kingold Jewelry has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kingold Jewelry time series from November 22, 2018 to December 22, 2018 and December 22, 2018 to January 21, 2019. 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 -0.11 indicates that less than 11.0% 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-0.11
Spearman Rank Test-0.25
Residual Average0.0
Price Variance0.0

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 

Current Sentiment - KGJI

Kingold Jewelry Investor Sentiment

Most of Macroaxis users are now bullish on Kingold Jewelry. What is your trading attitude regarding investing in Kingold Jewelry? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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