Anglogold Ashanti Plc Stock Market Value
| AU Stock | USD 23.71 0.14 0.59% |
| Symbol | AngloGold |
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.
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.
AngloGold Ashanti 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AngloGold Ashanti's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AngloGold Ashanti.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in AngloGold Ashanti on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding AngloGold Ashanti plc or generate 0.0% return on investment in AngloGold Ashanti over 690 days. AngloGold Ashanti is related to or competes with Harmony Gold, Eldorado Gold, Kinross Gold, Pan American, Newmont Goldcorp, Wheaton Precious, and Franco Nevada. AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia More
AngloGold Ashanti Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AngloGold Ashanti's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AngloGold Ashanti plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.2163 | |||
| Maximum Drawdown | 12.47 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 5.3 |
AngloGold Ashanti Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AngloGold Ashanti's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AngloGold Ashanti's standard deviation. In reality, there are many statistical measures that can use AngloGold Ashanti historical prices to predict the future AngloGold Ashanti's volatility.| Risk Adjusted Performance | 0.1569 | |||
| Jensen Alpha | 0.6621 | |||
| Total Risk Alpha | 0.3918 | |||
| Sortino Ratio | 0.279 | |||
| Treynor Ratio | (3.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AngloGold Ashanti's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
AngloGold Ashanti plc Backtested Returns
AngloGold Ashanti appears to be not too volatile, given 3 months investment horizon. AngloGold Ashanti plc secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of standard deviation over the last 3 months. By analyzing AngloGold Ashanti's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of AngloGold Ashanti's risk adjusted performance of 0.1569, and Mean Deviation of 2.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AngloGold Ashanti holds a performance score of 18. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AngloGold Ashanti are expected to decrease at a much lower rate. During the bear market, AngloGold Ashanti is likely to outperform the market. Please check AngloGold Ashanti's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether AngloGold Ashanti's price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
AngloGold Ashanti plc has poor predictability. Overlapping area represents the amount of predictability between AngloGold Ashanti time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AngloGold Ashanti plc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current AngloGold Ashanti price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 7.68 |
AngloGold Ashanti plc lagged returns against current returns
Autocorrelation, which is AngloGold Ashanti stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AngloGold Ashanti's stock expected returns. We can calculate the autocorrelation of AngloGold Ashanti returns to help us make a trade decision. For example, suppose you find that AngloGold Ashanti has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AngloGold Ashanti regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AngloGold Ashanti stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AngloGold Ashanti stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AngloGold Ashanti stock over time.
Current vs Lagged Prices |
| Timeline |
AngloGold Ashanti Lagged Returns
When evaluating AngloGold Ashanti's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AngloGold Ashanti stock have on its future price. AngloGold Ashanti autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AngloGold Ashanti autocorrelation shows the relationship between AngloGold Ashanti stock current value and its past values and can show if there is a momentum factor associated with investing in AngloGold Ashanti plc.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AngloGold Ashanti in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AngloGold Ashanti's short interest history, or implied volatility extrapolated from AngloGold Ashanti options trading.
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
| 0.7 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.76 | KALU | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.71 | CENX | Century Aluminum Financial Report 13th of May 2024 | PairCorr |
| 0.66 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against AngloGold Stock
| 0.86 | NC | NACCO Industries | PairCorr |
| 0.81 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
| 0.59 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.47 | CC | Chemours Earnings Call This Week | 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 AngloGold Ashanti Correlation, AngloGold Ashanti Volatility and AngloGold Ashanti Alpha and Beta module to complement your research on AngloGold Ashanti. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |
AngloGold Ashanti technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.