Antofagasta Plc Stock Market Value

ANFGF Stock  USD 25.55  0.55  2.20%   
Antofagasta PLC's market value is the price at which a share of Antofagasta PLC trades on a public exchange. It measures the collective expectations of Antofagasta PLC investors about its performance. Antofagasta PLC is trading at 25.55 as of the 28th of March 2024. This is a 2.20 percent up since the beginning of the trading day. The stock's lowest day price was 25.55.
With this module, you can estimate the performance of a buy and hold strategy of Antofagasta PLC and determine expected loss or profit from investing in Antofagasta PLC over a given investment horizon. Check out Antofagasta PLC Correlation, Antofagasta PLC Volatility and Antofagasta PLC Alpha and Beta module to complement your research on Antofagasta PLC.
Symbol

Please note, there is a significant difference between Antofagasta PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Antofagasta PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antofagasta PLC'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.

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 pink sheet 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Antofagasta PLC on February 27, 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 Freeport McMoran, First Quantum, KGHM Polska, and Citigroup. It operates through Los Pelambres, Centinela, Antucoya, Zaldvar, Exploration and Evaluation, and Transport Division segm... 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 pink sheet 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Antofagasta PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
23.4125.5527.69
Details
Intrinsic
Valuation
LowRealHigh
24.7226.8629.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Antofagasta PLC. Your research has to be compared to or analyzed against Antofagasta PLC's peers to derive any actionable benefits. When done correctly, Antofagasta PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Antofagasta PLC.

Antofagasta PLC Backtested Returns

Antofagasta PLC appears to be very steady, given 3 months investment horizon. Antofagasta PLC secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Antofagasta PLC, which you can use to evaluate the volatility of the firm. Please makes use of Antofagasta PLC's Mean Deviation of 1.29, downside deviation of 2.34, and Risk Adjusted Performance of 0.0649 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Antofagasta PLC holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0423, 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. Please check Antofagasta PLC's treynor ratio, expected short fall, day typical price, as well as the relationship between the potential upside and daily balance of power , to make a quick decision on whether Antofagasta PLC's price patterns will revert.

Auto-correlation

    
  0.31  

Below average predictability

Antofagasta PLC has below average predictability. Overlapping area represents the amount of predictability between Antofagasta PLC time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 0.31 indicates that nearly 31.0% of current Antofagasta PLC price fluctuation can be explain by its past prices.
Correlation Coefficient0.31
Spearman Rank Test0.47
Residual Average0.0
Price Variance0.23

Antofagasta PLC lagged returns against current returns

Autocorrelation, which is Antofagasta PLC pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Antofagasta PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Antofagasta PLC pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Antofagasta PLC.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Antofagasta PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Antofagasta PLC's short interest history, or implied volatility extrapolated from Antofagasta PLC options trading.

Pair Trading with Antofagasta PLC

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 Antofagasta PLC 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 Antofagasta PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with Antofagasta Pink Sheet

  0.61FCX Freeport-McMoran Copper Aggressive PushPairCorr

Moving against Antofagasta Pink Sheet

  0.71DPSTF Deutsche Post AGPairCorr
The ability to find closely correlated positions to Antofagasta PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antofagasta PLC 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 Antofagasta PLC - 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 Antofagasta PLC to buy it.
The correlation of Antofagasta PLC 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 Antofagasta PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antofagasta 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 Antofagasta PLC 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.
Pair CorrelationCorrelation Matching
Check out Antofagasta PLC Correlation, Antofagasta PLC Volatility and Antofagasta PLC Alpha and Beta module to complement your research on Antofagasta PLC.
Note that the Antofagasta PLC information on this page should be used as a complementary analysis to other Antofagasta PLC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Antofagasta Pink Sheet analysis

When running Antofagasta PLC's price analysis, check to measure Antofagasta PLC'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 Antofagasta PLC is operating at the current time. Most of Antofagasta PLC's value examination focuses on studying past and present price action to predict the probability of Antofagasta PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antofagasta PLC's price. Additionally, you may evaluate how the addition of Antofagasta PLC to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Antofagasta PLC technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Antofagasta PLC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Antofagasta PLC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...