AngloGold Ashanti (South Africa) Market Value
| ANG Stock | 45,220 35.00 0.08% |
| 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.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in AngloGold Ashanti on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding AngloGold Ashanti or generate 0.0% return on investment in AngloGold Ashanti over 360 days. AngloGold Ashanti is related to or competes with ABSA Bank, Safari Investments, Zeder Investments, EMedia Holdings, Hosken Consolidated, Allied Electronics, and Harmony Gold. More
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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.08 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.08 |
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.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.37) |
AngloGold Ashanti Backtested Returns
AngloGold Ashanti secures Sharpe Ratio (or Efficiency) of -0.0822, which signifies that the company had a -0.0822% return per unit of standard deviation over the last 3 months. AngloGold Ashanti exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AngloGold Ashanti's risk adjusted performance of (0.07), and Mean Deviation of 1.83 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AngloGold Ashanti's returns are expected to increase less than the market. However, during the bear market, the loss of holding AngloGold Ashanti is expected to be smaller as well. At this point, AngloGold Ashanti has a negative expected return of -0.2%. Please make sure to confirm AngloGold Ashanti's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if AngloGold Ashanti performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
AngloGold Ashanti has very weak reverse predictability. Overlapping area represents the amount of predictability between AngloGold Ashanti time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 -0.1 indicates that less than 10.0% of current AngloGold Ashanti price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 15 M |
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.
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.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.