Kingold Jewelry Inc Backtested Returns
Macroaxis considers Kingold Jewelry to be extremely risky. Kingold Jewelry Inc
has Sharpe Ratio of -0.0252 which conveys that Kingold Jewelry Inc
had -0.0252% 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 Inc Mean Deviation
of 1.31 and Risk Adjusted Performance
of (0.017879) 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 0.0888 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 Inc 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 Inc has expected return of -0.0512%. Please be advised to verify Kingold Jewelry Inc Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Kingold Jewelry Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.12 |
Kingold Jewelry Inc has insignificant predictability. Overlapping area represents the amount of predictability between Kingold Jewelry time series from December 23, 2017 to January 7, 2018 and January 7, 2018 to January 22, 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 Inc price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Kingold Jewelry price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.12|
|Spearman Rank Test|| 0.18|
|Average Price|| 1.95|
|Lagged Average Price|| 1.99|
Kingold Jewelry Lagged Returns