Kingold Jewelry Backtesting

Kingold Jewelry -- USA Stock  

USD 1.30  0.03  2.36%

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
SymbolX
Backtest

Kingold Jewelry 'What if' Analysis

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in Kingold Jewelry on February 24, 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 Este Lauder, Avon Products, Nu Skin, Tiffany, Coty, and NOBLE ENERGY. Kingold Jewelry, Inc. designs, manufactures, and sells gold jewelry and Chinese ornaments in the Peoples Republic of Chi...

Kingold Jewelry Upside/Downside Indicators

Information Ratio0.23
Maximum Drawdown10.46
Value At Risk6.21
Potential Upside3.91
  

Kingold Jewelry Market Premium Indicators

Risk Adjusted Performance0.39
Jensen Alpha0.75
Total Risk Alpha0.70
Treynor Ratio5.07

Kingold Jewelry Backtested Returns

Macroaxis considers Kingold Jewelry to be exceptionally risky. Kingold Jewelry has Sharpe Ratio of -0.2184 which conveys that Kingold Jewelry had -0.2184% 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 2.48 and Risk Adjusted Performance of 0.39 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 0.1498 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 -0.6321%. 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 February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 -0.2
Lagged Price Variance 0.02
Average Price 1.29

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 Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.