AngloGold Valuation Analysis
| AU Stock | USD 22.11 0.08 0.36% |
AngloGold |
Most indicators from AngloGold Ashanti's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into AngloGold Ashanti plc current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out AngloGold Ashanti Valuation and AngloGold Ashanti Correlation analysis. Working Capital is likely to gain to about 1.6 B in 2024, whereas Market Cap is likely to drop slightly above 6.4 B in 2024.
AngloGold Ashanti valuation accounts Correlations
AngloGold Ashanti Account Relationship Matchups
AngloGold Ashanti valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 9.3B | 9.5B | 8.8B | 8.2B | 7.9B | 6.4B | |
| Enterprise Value | 11.1B | 10.2B | 9.7B | 9.2B | 9.3B | 7.6B |
Pair Trading with AngloGold Ashanti
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AngloGold Ashanti position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AngloGold Ashanti will appreciate offsetting losses from the drop in the long position's value.Moving together with AngloGold Stock
| 0.82 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.81 | TX | Ternium SA ADR | PairCorr |
| 0.7 | WS | Worthington Steel | PairCorr |
Moving against AngloGold Stock
| 0.9 | SID | Companhia Siderurgica Financial Report 1st of May 2024 | PairCorr |
| 0.73 | X | United States Steel Earnings Call Tomorrow | PairCorr |
| 0.71 | ZKIN | ZK International | PairCorr |
| 0.48 | ASTL | Algoma Steel Group Financial Report 19th of June 2024 | PairCorr |
The ability to find closely correlated positions to AngloGold Ashanti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AngloGold Ashanti when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AngloGold Ashanti - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AngloGold Ashanti plc to buy it.
The correlation of AngloGold Ashanti is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AngloGold Ashanti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AngloGold Ashanti plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AngloGold Ashanti can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AngloGold Ashanti Valuation and AngloGold Ashanti Correlation analysis. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for AngloGold Stock analysis
When running AngloGold Ashanti's price analysis, check to measure AngloGold Ashanti'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 AngloGold Ashanti is operating at the current time. Most of AngloGold Ashanti's value examination focuses on studying past and present price action to predict the probability of AngloGold Ashanti's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AngloGold Ashanti's price. Additionally, you may evaluate how the addition of AngloGold Ashanti to your portfolios can decrease your overall portfolio volatility.
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Is AngloGold Ashanti's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AngloGold Ashanti. If investors know AngloGold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AngloGold Ashanti listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 0.23 | Earnings Share 0.1 | Revenue Per Share 10.881 | Quarterly Revenue Growth 0.021 |
The market value of AngloGold Ashanti plc is measured differently than its book value, which is the value of AngloGold that is recorded on the company's balance sheet. Investors also form their own opinion of AngloGold Ashanti's value that differs from its market value or its book value, called intrinsic value, which is AngloGold Ashanti's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AngloGold Ashanti's market value can be influenced by many factors that don't directly affect AngloGold Ashanti's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AngloGold Ashanti's value and its price as these two are different measures arrived at by different means. Investors typically determine if AngloGold Ashanti is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AngloGold Ashanti's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.