Macroaxis considers AngloGold moderately volatile. AngloGold Ashanti
secures Sharpe Ratio (or Efficiency) of -0.43 which signifies that AngloGold Ashanti
had -0.43% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. AngloGold Ashanti Ltd exposes twenty-seven different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm AngloGold Ashanti Mean Deviation
of 2.07 and Risk Adjusted Performance
of (0.21) to double-check risk estimate we provide.
Projected Return Density against Market
Allowing for 30-days total investment horizon, the stock has beta coefficient of 2.2 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, AngloGold will likely underperform. Additionally, AngloGold Ashanti Ltd has negative alpha implying that risk taken by holding this equity is not justified. The company is significantly underperforming S&P 500
Predicted Return Density
Allowing for 30-days total investment horizon, the coefficient of variation of AngloGold is -232.62. The daily returns are destributed with a variance of 7.56 and standard deviation of 2.75. The mean deviation of AngloGold Ashanti Ltd is currently at 2.07. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.52
Actual Return Volatility
AngloGold Ashanti Ltd accepts 2.75% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.52% volatility of returns over 30 trading days.