AngloGold Ashanti (South Africa) Probability of Future Stock Price Finishing Over 34134.31
| ANG Stock | 56,074 3,441 6.54% |
AngloGold |
AngloGold Ashanti Target Price Odds to finish over 34134.31
The tendency of AngloGold Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above 34,134 in 90 days |
| 56,074 | 90 days | 34,134 | close to 99 |
Based on a normal probability distribution, the odds of AngloGold Ashanti to stay above 34,134 in 90 days from now is close to 99 (This AngloGold Ashanti probability density function shows the probability of AngloGold Stock to fall within a particular range of prices over 90 days) . Probability of AngloGold Ashanti price to stay between 34,134 and its current price of 56074.0 at the end of the 90-day period is about 80.66 .
Assuming the 90 days trading horizon AngloGold Ashanti has a beta of -0.54. This suggests as returns on the benchmark increase, returns on holding AngloGold Ashanti are expected to decrease at a much lower rate. During a bear market, however, AngloGold Ashanti is likely to outperform the market. Additionally AngloGold Ashanti has an alpha of 0.2953, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AngloGold Ashanti Price Density |
| Price |
Predictive Modules for AngloGold Ashanti
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AngloGold Ashanti. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.AngloGold Ashanti Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AngloGold Ashanti is not an exception. The market had few large corrections towards the AngloGold Ashanti's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold AngloGold Ashanti, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AngloGold Ashanti within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.54 | |
σ | Overall volatility | 5,998 | |
Ir | Information ratio | 0.14 |
AngloGold Ashanti Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of AngloGold Stock often depends not only on the future outlook of the current and potential AngloGold Ashanti's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. AngloGold Ashanti's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 420.1 M | |
| Cash And Short Term Investments | 1.2 B |
AngloGold Ashanti Technical Analysis
AngloGold Ashanti's future price can be derived by breaking down and analyzing its technical indicators over time. AngloGold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AngloGold Ashanti. In general, you should focus on analyzing AngloGold Stock price patterns and their correlations with different microeconomic environments and drivers.
AngloGold Ashanti Predictive Forecast Models
AngloGold Ashanti's time-series forecasting models is one of many AngloGold Ashanti's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary AngloGold Ashanti's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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.
Other Information on Investing in AngloGold Stock
AngloGold Ashanti financial ratios help investors to determine whether AngloGold Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AngloGold with respect to the benefits of owning AngloGold Ashanti security.