AU Stock | | | USD 25.87 0.67 2.66% |
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 Cash And Equivalents and its Property Plant Equipment 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 closely tied with the direction of predictive economic indicators such as
signals in employment.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
AngloGold Ashanti plc Cash And Equivalents account and
Property Plant Equipment. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AngloGold Ashanti's Cash And Equivalents and Property Plant Equipment is -0.18. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Property Plant Equipment 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 Cash And Equivalents and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of AngloGold Ashanti plc are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Cash And Equivalents i.e., AngloGold Ashanti's Cash And Equivalents and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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 closely tied 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 7.7
B in 2024.
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.