Antofagasta Plc (Germany) Market Value
| FG1 Stock | EUR 20.58 1.01 4.68% |
| 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.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Antofagasta Plc on November 14, 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 30 days. Antofagasta Plc is related to or competes with Virtus Investment, Postal Savings, ECHO INVESTMENT, Insteel Industries, EAT WELL, and WisdomTree Investments. Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of ... 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.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 15.74 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 4.43 |
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 | 0.0206 | |||
| Jensen Alpha | 0.0207 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2044 |
Antofagasta plc Backtested Returns
Antofagasta plc secures Sharpe Ratio (or Efficiency) of -0.005, which signifies that the company had a -0.005% return per unit of risk over the last 3 months. Antofagasta plc exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Antofagasta Plc's Mean Deviation of 1.79, risk adjusted performance of 0.0206, and Downside Deviation of 2.27 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. 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 -0.0126%. Please make sure to confirm Antofagasta Plc's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Antofagasta plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Antofagasta plc has modest predictability. Overlapping area represents the amount of predictability between Antofagasta Plc time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Antofagasta plc price movement. The serial correlation of 0.5 indicates that about 50.0% of current Antofagasta Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
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 |
| Timeline |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Antofagasta Stock
Antofagasta Plc financial ratios help investors to determine whether Antofagasta 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 Antofagasta with respect to the benefits of owning Antofagasta Plc security.