Antofagasta PLC (UK) Market Value
| ANTO Stock | 1,672 7.00 0.42% |
| Symbol | Antofagasta |
Antofagasta PLC '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 Antofagasta PLC'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 Antofagasta PLC.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Antofagasta PLC on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Antofagasta PLC or generate 0.0% return on investment in Antofagasta PLC over 300 days. Antofagasta PLC is related to or competes with Bell Food, Austevoll Seafood, Hilton Food, Westlake Chemical, Alliance Data, Air Products, and Capital Drilling. More
Antofagasta PLC 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 Antofagasta PLC'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 Antofagasta PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.91 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 4.53 |
Antofagasta PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Antofagasta PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Antofagasta PLC's standard deviation. In reality, there are many statistical measures that can use Antofagasta PLC historical prices to predict the future Antofagasta PLC's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.20) |
Antofagasta PLC Backtested Returns
Antofagasta PLC secures Sharpe Ratio (or Efficiency) of -0.0352, which signifies that the company had a -0.0352% return per unit of risk over the last 3 months. Antofagasta PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Antofagasta PLC's Mean Deviation of 1.74, risk adjusted performance of (0.02), and Standard Deviation of 2.38 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Antofagasta PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Antofagasta PLC is expected to be smaller as well. At this point, Antofagasta PLC has a negative expected return of -0.0832%. Please make sure to confirm Antofagasta PLC's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Antofagasta PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Antofagasta PLC has good reverse predictability. Overlapping area represents the amount of predictability between Antofagasta PLC time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Antofagasta PLC price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Antofagasta PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 21.3 K |
Antofagasta PLC lagged returns against current returns
Autocorrelation, which is Antofagasta PLC 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 Antofagasta PLC's stock expected returns. We can calculate the autocorrelation of Antofagasta PLC returns to help us make a trade decision. For example, suppose you find that Antofagasta PLC 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 |
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Antofagasta PLC 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 Antofagasta PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antofagasta PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antofagasta PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Antofagasta PLC Lagged Returns
When evaluating Antofagasta PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Antofagasta PLC stock have on its future price. Antofagasta PLC 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, Antofagasta PLC autocorrelation shows the relationship between Antofagasta PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Antofagasta PLC.
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.Additional Tools for Antofagasta Stock Analysis
When running Antofagasta PLC's price analysis, check to measure Antofagasta PLC'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 Antofagasta PLC is operating at the current time. Most of Antofagasta PLC's value examination focuses on studying past and present price action to predict the probability of Antofagasta PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antofagasta PLC's price. Additionally, you may evaluate how the addition of Antofagasta PLC to your portfolios can decrease your overall portfolio volatility.