AngloGold Ptb Ratio from 2010 to 2024
| AU Stock | USD 22.99 1.81 7.30% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 2.12084466 | Current Value 3.14 | Quarterly Volatility 0.7147748 |
Check AngloGold Ashanti financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AngloGold main balance sheet or income statement drivers, such as Depreciation And Amortization of 621.1 M, Interest Expense of 35.1 M or Total Revenue of 4 B, as well as many exotic indicators such as Price To Sales Ratio of 2.61, Dividend Yield of 0.0212 or PTB Ratio of 3.14. AngloGold financial statements analysis is a perfect complement when working with AngloGold Ashanti Valuation or Volatility modules.
AngloGold | Ptb Ratio |
Latest AngloGold Ashanti's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of AngloGold Ashanti plc over the last few years. It is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value. AngloGold Ashanti's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AngloGold Ashanti's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
|
Ptb Ratio |
| Timeline |
AngloGold Ptb Ratio Regression Statistics
| Arithmetic Mean | 2.13 | |
| Geometric Mean | 2.03 | |
| Coefficient Of Variation | 33.49 | |
| Mean Deviation | 0.54 | |
| Median | 1.99 | |
| Standard Deviation | 0.71 | |
| Sample Variance | 0.51 | |
| Range | 2.3433 | |
| R-Value | 0.28 | |
| Mean Square Error | 0.51 | |
| R-Squared | 0.08 | |
| Significance | 0.30 | |
| Slope | 0.05 | |
| Total Sum of Squares | 7.15 |
AngloGold Ptb Ratio History
About AngloGold Ashanti Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include AngloGold Ashanti income statement, its balance sheet, and the statement of cash flows. AngloGold Ashanti investors use historical funamental indicators, such as AngloGold Ashanti's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although AngloGold Ashanti investors may use each financial statement separately, they are all related. The changes in AngloGold Ashanti's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AngloGold Ashanti's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AngloGold Ashanti Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AngloGold Ashanti. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 2.12 | 3.14 |
Pair Trading with AngloGold Ashanti
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AngloGold Ashanti position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AngloGold Ashanti will appreciate offsetting losses from the drop in the long position's value.Moving together with AngloGold Stock
| 0.84 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.87 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
Moving against AngloGold Stock
| 0.91 | NC | NACCO Industries | PairCorr |
| 0.77 | VALE | Vale SA ADR | PairCorr |
| 0.72 | X | United States Steel | PairCorr |
| 0.41 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to AngloGold Ashanti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AngloGold Ashanti when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AngloGold Ashanti - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AngloGold Ashanti plc to buy it.
The correlation of AngloGold Ashanti is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AngloGold Ashanti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AngloGold Ashanti plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AngloGold Ashanti can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of AngloGold Ashanti Correlation against competitors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for AngloGold Stock analysis
When running AngloGold Ashanti's price analysis, check to measure AngloGold Ashanti's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AngloGold Ashanti is operating at the current time. Most of AngloGold Ashanti's value examination focuses on studying past and present price action to predict the probability of AngloGold Ashanti's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AngloGold Ashanti's price. Additionally, you may evaluate how the addition of AngloGold Ashanti to your portfolios can decrease your overall portfolio volatility.
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Is AngloGold Ashanti's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AngloGold Ashanti. If investors know AngloGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AngloGold Ashanti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 0.23 | Earnings Share 0.1 | Revenue Per Share 10.881 | Quarterly Revenue Growth 0.021 |
The market value of AngloGold Ashanti plc is measured differently than its book value, which is the value of AngloGold that is recorded on the company's balance sheet. Investors also form their own opinion of AngloGold Ashanti's value that differs from its market value or its book value, called intrinsic value, which is AngloGold Ashanti's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AngloGold Ashanti's market value can be influenced by many factors that don't directly affect AngloGold Ashanti's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AngloGold Ashanti's value and its price as these two are different measures arrived at by different means. Investors typically determine if AngloGold Ashanti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AngloGold Ashanti's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.