Kirkland Lake Backtesting

KL -- USA Stock  

Quarterly Earning Report: October 29, 2019  

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

Kirkland Lake 'What if' Analysis

July 17, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
October 15, 2019
0.00
If you would invest  0.00  in Kirkland Lake on July 17, 2019 and sell it all today you would earn a total of 0.00 from holding Kirkland Lake Gold Ltd or generate 0.0% return on investment in Kirkland Lake over 90 days. Kirkland Lake is related to or competes with AngloGold Ashanti, Novagold Resources, Osisko Gold, Agnico Eagle, Alamos Gold, and Hecla Mining. Kirkland Lake Gold Ltd. engages in the acquisition, exploration, development, and operation of gold properties

Kirkland Lake Upside/Downside Indicators

Downside Deviation2.61
Information Ratio0.0434
Maximum Drawdown13.93
Value At Risk(4.14)
Potential Upside4.84

Kirkland Lake Market Premium Indicators

Risk Adjusted Performance0.04
Jensen Alpha0.0565
Total Risk Alpha0.1982
Sortino Ratio0.0483
Treynor Ratio(0.1)

Kirkland Lake Gold Backtested Returns

Macroaxis considers Kirkland Lake to be not too volatile. Kirkland Lake Gold has Sharpe Ratio of -0.0022 which conveys that the firm had -0.0022% of return per unit of risk over the last 3 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. Kirkland Lake exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Kirkland Lake Gold Ltd Risk Adjusted Performance of 0.04, Downside Deviation of 2.61 and Mean Deviation of 2.09 to check out risk estimate we provide. The company secures Beta (Market Risk) of -0.94 which conveys that Even though it is essential to pay attention to Kirkland Lake Gold 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. Kirkland Lake exposes twenty-seven different technical indicators which can help you to evaluate its performance. Kirkland Lake Gold has expected return of -0.0063%. Please be advised to verify Kirkland Lake Gold Ltd Value At Risk as well as the relationship between Skewness and Day Median Price to decide if Kirkland Lake Gold past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.01 
correlation synergy

Virtually no predictability

Kirkland Lake Gold Ltd has virtually no predictability. Overlapping area represents the amount of predictability between Kirkland Lake time series from July 17, 2019 to August 31, 2019 and August 31, 2019 to October 15, 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 Kirkland Lake Gold price movement. The serial correlation of 0.01 indicates that just 1.0% of current Kirkland Lake price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test-0.34
Residual Average0.0
Price Variance3.71

Kirkland Lake Gold lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Kirkland Lake regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Kirkland Lake Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - KL

Kirkland Lake Gold Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Kirkland Lake Gold Ltd. What is your trading attitude regarding investing in Kirkland Lake Gold Ltd? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see also Kirkland Lake Hype Analysis, Kirkland Lake Correlation, Kirkland Lake Valuation, Kirkland Lake Volatility as well as analyze Kirkland Lake Alpha and Beta and Kirkland Lake Performance. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Search macroaxis.com