AngloGold Net Receivables vs Net Working Capital Analysis
AU Stock | USD 23.85 1.07 4.70% |
AngloGold Ashanti financial indicator trend analysis is way more than just evaluating AngloGold Ashanti plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AngloGold Ashanti plc is a good investment. Please check the relationship between AngloGold Ashanti Net Receivables and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Net Receivables vs Net Working Capital
Net Receivables vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AngloGold Ashanti plc Net Receivables account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AngloGold Ashanti's Net Receivables and Net Working Capital is -0.05. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of AngloGold Ashanti plc, assuming nothing else is changed. The correlation between historical values of AngloGold Ashanti's Net Receivables and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of AngloGold Ashanti plc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Receivables i.e., AngloGold Ashanti's Net Receivables and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Receivables
Net Working Capital
Most indicators from AngloGold Ashanti's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AngloGold Ashanti plc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, AngloGold Ashanti's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 6.6 M in 2024, whereas Enterprise Value is likely to drop slightly above 7.6 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15M | 41M | 36.9M | 35.1M | Depreciation And Amortization | 672M | 633M | 658M | 621.1M |
AngloGold Ashanti fundamental ratios Correlations
Click cells to compare fundamentals
AngloGold Ashanti Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AngloGold Ashanti fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.9B | 7.7B | 8.0B | 8.1B | 8.2B | 8.1B | |
Short Long Term Debt Total | 2.2B | 2.1B | 2.1B | 2.2B | 2.4B | 2.1B | |
Other Current Liab | 272M | 153M | 39M | 45M | 388M | 508.7M | |
Total Current Liabilities | 1.7B | 959M | 798M | 859M | 1.2B | 1.1B | |
Total Stockholder Equity | 2.6B | 3.7B | 4.0B | 4.1B | 3.7B | 3.1B | |
Property Plant And Equipment Net | 2.8B | 3.0B | 3.6B | 4.4B | 4.6B | 4.7B | |
Net Debt | 1.7B | 754M | 940M | 1.1B | 1.4B | 1.5B | |
Retained Earnings | (4.6B) | (3.5B) | (3.2B) | (1.7B) | (2.1B) | (2.0B) | |
Accounts Payable | 586M | 627M | 647M | 710M | 464M | 484.4M | |
Cash | 456M | 1.3B | 1.2B | 1.1B | 998M | 617.0M | |
Non Current Assets Total | 4.9B | 5.3B | 5.8B | 5.9B | 6.0B | 6.4B | |
Non Currrent Assets Other | 246M | 335M | 296M | 281M | 291M | 518.4M | |
Cash And Short Term Investments | 466M | 1.3B | 1.2B | 1.1B | 998M | 628.1M | |
Net Receivables | 250M | 229M | 260M | 237M | 300M | 225.9M | |
Common Stock Shares Outstanding | 418.3M | 419.5M | 420.1M | 420.9M | 421.1M | 362.3M | |
Liabilities And Stockholders Equity | 6.9B | 7.7B | 8.0B | 8.1B | 8.2B | 8.1B | |
Non Current Liabilities Total | 2.5B | 3.0B | 3.1B | 3.1B | 3.2B | 3.4B | |
Inventory | 632M | 733M | 703M | 773M | 829M | 628.6M | |
Other Current Assets | 634M | 42M | 26M | 27M | 47.0M | 44.6M | |
Other Stockholder Equity | 4.6B | 3.5B | 3.2B | 7.2B | 6.5B | 6.8B | |
Total Liab | 4.2B | 3.9B | 3.9B | 3.9B | 4.4B | 4.9B | |
Total Current Assets | 2.0B | 2.3B | 2.1B | 2.1B | 2.2B | 1.8B | |
Short Term Debt | 779M | 179M | 112M | 104M | 289M | 241.1M | |
Accumulated Other Comprehensive Income | (4.6B) | (3.5B) | (3.2B) | (1.4B) | 5.4B | 5.7B | |
Other Liab | 1.1B | 1.1B | 1.1B | 1.0B | 1.2B | 1.1B | |
Long Term Debt | 1.3B | 1.8B | 1.9B | 2.0B | 2.3B | 1.9B | |
Common Stock | 7.2B | 7.2B | 7.2B | 17M | 420M | 399M | |
Property Plant Equipment | 2.8B | 3.0B | 3.6B | 4.4B | 3.9B | 3.6B | |
Short Term Investments | 10M | 9M | 0.0 | 8M | 7.2M | 6.8M | |
Other Assets | 351M | 342M | (1M) | 122M | 109.8M | 104.3M | |
Property Plant And Equipment Gross | 2.8B | 3.0B | 3.6B | 4.4B | 3.9B | 3.9B | |
Net Tangible Assets | 2.5B | 3.6B | 3.9B | 4.0B | 4.6B | 3.2B | |
Long Term Investments | 1.7B | 1.8B | 1.8B | 1.1B | 992.7M | 1.3B | |
Short Long Term Debt | 139M | 734M | 142M | 20M | 18M | 17.1M |
AngloGold Ashanti Investors Sentiment
The influence of AngloGold Ashanti's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AngloGold. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to AngloGold Ashanti's public news can be used to forecast risks associated with an investment in AngloGold. The trend in average sentiment can be used to explain how an investor holding AngloGold can time the market purely based on public headlines and social activities around AngloGold Ashanti plc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AngloGold Ashanti's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AngloGold Ashanti's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AngloGold Ashanti's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AngloGold Ashanti.
AngloGold Ashanti Implied Volatility | 48.33 |
AngloGold Ashanti's implied volatility exposes the market's sentiment of AngloGold Ashanti plc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if AngloGold Ashanti's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that AngloGold Ashanti stock will not fluctuate a lot when AngloGold Ashanti's options are near their expiration.
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
0.83 | 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
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0.79 | VALE | Vale SA ADR | PairCorr |
0.71 | X | United States Steel Earnings Call This Week | PairCorr |
0.44 | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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.