ANGLOGOLD ASHANTI (Ghana) Market Value
| AGA Stock | 37.00 0.00 0.00% |
| Symbol | ANGLOGOLD |
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.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in ANGLOGOLD ASHANTI on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding ANGLOGOLD ASHANTI LIMITED or generate 0.0% return on investment in ANGLOGOLD ASHANTI over 180 days.
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 LIMITED upside and downside potential and time the market with a certain degree of confidence.
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.ANGLOGOLD ASHANTI Backtested Returns
We have found three technical indicators for ANGLOGOLD ASHANTI LIMITED, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and ANGLOGOLD ASHANTI are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
ANGLOGOLD ASHANTI LIMITED has no correlation between past and present. Overlapping area represents the amount of predictability between ANGLOGOLD ASHANTI time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 price movement. The serial correlation of 0.0 indicates that just 0.0% of current ANGLOGOLD ASHANTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ANGLOGOLD ASHANTI 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 LIMITED.
Regressed Prices |
| Timeline |