Use this graph to draw trend lines for AngloGold Ashanti Ltd. You can use it to identify possible trend reversals for AngloGold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual AngloGold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
AngloGold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for AngloGold Ashanti Ltd applied against its price change over selected period. The best fit line has a slop of 0.22 %
which may indicate that the price for AngloGold Ashanti Ltd will continue to decline. It has 36 observation points and regression sum of squers of 47.28 which is sum of squared deviations of the predicted AngloGold price change against its avarage change.
|Price Growth (%) |
|AngloGold || ||Prediction Trend || |
AngloGold has a best fit line with a correlation coefficient of -0.95. and coefficient of determination of 0.91. Note, that the company has price-to-book (p/b) ratio of 1.54.