Amani Gold (Australia) Market Value
| ANL Stock | 0 0.00 0.00% |
| Symbol | Amani |
Amani Gold '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 Amani Gold'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 Amani Gold.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Amani Gold on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Amani Gold or generate 0.0% return on investment in Amani Gold over 30 days. Amani Gold is related to or competes with Aussie Broadband, Dexus Convenience, Richmond Vanadium, Charter Hall, WiseTech Global, and Ras Technology. Amani Gold is entity of Australia. It is traded as Stock on AU exchange. More
Amani Gold 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 Amani Gold'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 Amani Gold upside and downside potential and time the market with a certain degree of confidence.
Amani Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amani Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amani Gold's standard deviation. In reality, there are many statistical measures that can use Amani Gold historical prices to predict the future Amani Gold's volatility.Amani Gold Backtested Returns
We have found three technical indicators for Amani Gold, 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 Amani Gold are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Amani Gold has no correlation between past and present. Overlapping area represents the amount of predictability between Amani Gold time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 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 Amani Gold price movement. The serial correlation of 0.0 indicates that just 0.0% of current Amani Gold 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 |
Amani Gold lagged returns against current returns
Autocorrelation, which is Amani Gold 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 Amani Gold's stock expected returns. We can calculate the autocorrelation of Amani Gold returns to help us make a trade decision. For example, suppose you find that Amani Gold 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 |
Amani Gold 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 Amani Gold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amani Gold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amani Gold stock over time.
Current vs Lagged Prices |
| Timeline |
Amani Gold Lagged Returns
When evaluating Amani Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amani Gold stock have on its future price. Amani Gold 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, Amani Gold autocorrelation shows the relationship between Amani Gold stock current value and its past values and can show if there is a momentum factor associated with investing in Amani Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Amani Stock Analysis
When running Amani Gold's price analysis, check to measure Amani Gold'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 Amani Gold is operating at the current time. Most of Amani Gold's value examination focuses on studying past and present price action to predict the probability of Amani Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amani Gold's price. Additionally, you may evaluate how the addition of Amani Gold to your portfolios can decrease your overall portfolio volatility.