AngloGold risk analysis

Macroaxis considers AngloGold not very volatile. AngloGold Ashanti secures Sharpe Ratio (or Efficiency) of -0.06 which signifies that AngloGold Ashanti had -0.06% 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-one 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 1.96 and Risk Adjusted Performance of (0.05) to double-check risk estimate we provide.

Projected Return Density against Market

Allowing for 30-days total investment horizon, AngloGold Ashanti Ltd has beta of -0.03 . This suggests as returns on benchmark increase, returns on holding AngloGold are expected to decrease at a much smaller rate. During bear market, however, AngloGold Ashanti Ltd is likely to outperform the market. Additionally, AngloGold Ashanti Ltd has negative alpha implying that risk taken by holding this securing is not justified. The company is significantly underperforming S&P 500Allowing for 30-days total investment horizon, the coefficient of variation of AngloGold is -1613.8. The daily returns are destributed with a variance of 7.72 and standard deviation of 2.78. The mean deviation of AngloGold Ashanti Ltd is currently at 1.96. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.84

	(alpha)	=	(0.03)	Details
	(beta)	=	(0.03)	Details
	(volatility)	=	2.78	Details

Actual Return Volatility

AngloGold Ashanti Ltd accepts 2.78% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.84% volatility of returns over 30 trading days.