Kingold Jewelry Backtesting

KGJI -- USA Stock  

USD 1.00  0.09  9.78%

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

September 16, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 16, 2018
0.00
If you would invest  0.00  in Kingold Jewelry on September 16, 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. Kingold Jewelry, Inc. designs, manufactures, and sells 24-karat gold jewelry and Chinese ornaments in the Peoples Republ...

Kingold Jewelry Upside/Downside Indicators

Information Ratio0.11
Maximum Drawdown11.45
Value At Risk6.55
Potential Upside4.9
  

Kingold Jewelry Market Premium Indicators

Risk Adjusted Performance0.14
Jensen Alpha0.65
Total Risk Alpha0.019898
Treynor Ratio1.23

Kingold Jewelry Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.62 

Good predictability

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.
Correlation Coefficient0.62
Spearman Rank Test0.58
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 

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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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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