ANGLO ASIAN's market value is the price at which a share of ANGLO ASIAN trades on a public exchange. It measures the collective expectations of ANGLO ASIAN MINING investors about its performance. ANGLO ASIAN is trading at 1.24 as of the 9th of January 2025, a 1.64 percent increase since the beginning of the trading day. The stock's lowest day price was 1.21. With this module, you can estimate the performance of a buy and hold strategy of ANGLO ASIAN MINING and determine expected loss or profit from investing in ANGLO ASIAN over a given investment horizon. Check out ANGLO ASIAN Correlation, ANGLO ASIAN Volatility and ANGLO ASIAN Alpha and Beta module to complement your research on ANGLO ASIAN.
Please note, there is a significant difference between ANGLO ASIAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ANGLO ASIAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANGLO ASIAN'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.
ANGLO ASIAN '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 ANGLO ASIAN'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 ANGLO ASIAN.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ANGLO ASIAN'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 ANGLO ASIAN MINING upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANGLO ASIAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANGLO ASIAN's standard deviation. In reality, there are many statistical measures that can use ANGLO ASIAN historical prices to predict the future ANGLO ASIAN's volatility.
ANGLO ASIAN MINING secures Sharpe Ratio (or Efficiency) of -0.0043, which signifies that the company had a -0.0043% return per unit of risk over the last 3 months. ANGLO ASIAN MINING exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANGLO ASIAN's Mean Deviation of 2.04, downside deviation of 3.26, and Risk Adjusted Performance of 0.05 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANGLO ASIAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANGLO ASIAN is expected to be smaller as well. At this point, ANGLO ASIAN MINING has a negative expected return of -0.0105%. Please make sure to confirm ANGLO ASIAN's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if ANGLO ASIAN MINING performance from the past will be repeated in the future.
Auto-correlation
0.49
Average predictability
ANGLO ASIAN MINING has average predictability. Overlapping area represents the amount of predictability between ANGLO ASIAN time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ANGLO ASIAN MINING price movement. The serial correlation of 0.49 indicates that about 49.0% of current ANGLO ASIAN price fluctuation can be explain by its past prices.
Correlation Coefficient
0.49
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
0.0
ANGLO ASIAN MINING lagged returns against current returns
Autocorrelation, which is ANGLO ASIAN 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 ANGLO ASIAN's stock expected returns. We can calculate the autocorrelation of ANGLO ASIAN returns to help us make a trade decision. For example, suppose you find that ANGLO ASIAN 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
ANGLO ASIAN 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 ANGLO ASIAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANGLO ASIAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANGLO ASIAN stock over time.
Current vs Lagged Prices
Timeline
ANGLO ASIAN Lagged Returns
When evaluating ANGLO ASIAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANGLO ASIAN stock have on its future price. ANGLO ASIAN 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, ANGLO ASIAN autocorrelation shows the relationship between ANGLO ASIAN stock current value and its past values and can show if there is a momentum factor associated with investing in ANGLO ASIAN MINING.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
ANGLO ASIAN financial ratios help investors to determine whether ANGLO 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 ANGLO with respect to the benefits of owning ANGLO ASIAN security.