Anglogold Ashanti Plc Stock Beta
AU Stock | USD 21.99 0.60 2.81% |
AngloGold Ashanti Plc fundamentals help investors to digest information that contributes to AngloGold Ashanti's financial success or failures. It also enables traders to predict the movement of AngloGold Stock. The fundamental analysis module provides a way to measure AngloGold Ashanti's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AngloGold Ashanti stock.
AngloGold | Beta |
AngloGold Beta Analysis
AngloGold Ashanti's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
More About Beta | All Equity Analysis
2021 | 2023 | 2024 (projected) | Capital Expenditures | 1.0B | 1.2B | 1.2B | Dividends Paid | 240M | 182.7M | 117.0M |
Beta | = | CovarianceVariance |
Current AngloGold Ashanti Beta | 0.36 |
Most of AngloGold Ashanti's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AngloGold Ashanti Plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AngloGold Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for AngloGold Ashanti is extremely important. It helps to project a fair market value of AngloGold Stock properly, considering its historical fundamentals such as Beta. Since AngloGold Ashanti's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AngloGold Ashanti's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AngloGold Ashanti's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, AngloGold Ashanti Plc has a Beta of 0.36. This is 58.62% lower than that of the Metals & Mining sector and 33.33% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
AngloGold Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AngloGold Ashanti's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AngloGold Ashanti could also be used in its relative valuation, which is a method of valuing AngloGold Ashanti by comparing valuation metrics of similar companies.AngloGold Ashanti is currently under evaluation in beta category among related companies.
AngloGold Ashanti Institutional Holders
Institutional Holdings refers to the ownership stake in AngloGold Ashanti that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of AngloGold Ashanti's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing AngloGold Ashanti's value.Shares | Mackenzie Investments | 2023-09-30 | 0.0 | Manufacturers Life Insurance Co | 2023-09-30 | 0.0 | Thrivent Financial For Lutherans | 2023-09-30 | 0.0 | Cibc Global Asset Management Inc | 2023-09-30 | 0.0 | Profund Advisors Llc | 2023-09-30 | 0.0 | Paulson & Company Inc | 2023-09-30 | 0.0 | Morgan Stanley - Brokerage Accounts | 2023-09-30 | 0.0 | Bnp Paribas Arbitrage, Sa | 2023-09-30 | 0.0 | Van Eck Associates Corporation | 2023-09-30 | 0.0 | Fruth Investment Management | 2023-12-31 | 18.1 K | Zrc Wealth Management, Llc | 2023-12-31 | 100.0 |
As returns on the market increase, AngloGold Ashanti's returns are expected to increase less than the market. However, during the bear market, the loss of holding AngloGold Ashanti is expected to be smaller as well.
AngloGold Fundamentals
Return On Equity | -0.0564 | ||||
Return On Asset | 0.0215 | ||||
Profit Margin | (0.05) % | ||||
Operating Margin | 0.02 % | ||||
Current Valuation | 10.35 B | ||||
Shares Outstanding | 419.68 M | ||||
Shares Owned By Insiders | 0.07 % | ||||
Shares Owned By Institutions | 64.51 % | ||||
Number Of Shares Shorted | 6.6 M | ||||
Price To Earning | 8.01 X | ||||
Price To Book | 2.22 X | ||||
Price To Sales | 2.02 X | ||||
Revenue | 4.5 B | ||||
Gross Profit | 1.15 B | ||||
EBITDA | 962 M | ||||
Net Income | 489 M | ||||
Cash And Equivalents | 1.11 B | ||||
Cash Per Share | 3.03 X | ||||
Total Debt | 2.17 B | ||||
Debt To Equity | 0.52 % | ||||
Current Ratio | 3.02 X | ||||
Book Value Per Share | 8.81 X | ||||
Cash Flow From Operations | 1.8 B | ||||
Short Ratio | 3.73 X | ||||
Earnings Per Share | 0.10 X | ||||
Target Price | 22.5 | ||||
Beta | 0.36 | ||||
Market Capitalization | 9.26 B | ||||
Total Asset | 8.07 B | ||||
Retained Earnings | (1.72 B) | ||||
Working Capital | 1.29 B | ||||
Current Asset | 1.35 B | ||||
Current Liabilities | 707 M | ||||
Z Score | 3.4 | ||||
Annual Yield | 0.02 % | ||||
Five Year Return | 1.08 % | ||||
Net Asset | 8.07 B |
About AngloGold Ashanti Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AngloGold Ashanti Plc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AngloGold Ashanti using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AngloGold Ashanti Plc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa. Anglogold Ashanti operates under Gold classification in the United States and is traded on New York Stock Exchange.
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 AngloGold Ashanti 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, AngloGold Ashanti's short interest history, or implied volatility extrapolated from AngloGold Ashanti options trading.
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 against AngloGold Stock
0.83 | NC | NACCO Industries | PairCorr |
0.58 | X | United States Steel Financial Report 25th of April 2024 | PairCorr |
0.53 | CC | Chemours Earnings Call Today | PairCorr |
0.5 | NB | NioCorp Developments | PairCorr |
0.47 | MP | MP Materials Corp Financial Report 2nd of May 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 Piotroski F Score and AngloGold Ashanti Altman Z Score analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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) | Earnings Share 0.1 | Revenue Per Share 10.881 | Quarterly Revenue Growth 0.021 | Return On Assets 0.0215 |
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.