Anglo Asian (UK) Market Value
| AAZ Stock | 101.50 5.50 5.73% |
| Symbol | Anglo |
Anglo Asian '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 Anglo Asian's stock 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 Anglo Asian.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Anglo Asian on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Anglo Asian Mining or generate 0.0% return on investment in Anglo Asian over 30 days. Anglo Asian is related to or competes with Automatic Data, Datagroup, Applied Materials, Compagnie Plastic, JD Sports, Morgan Advanced, and Beazer Homes. Anglo Asian is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Anglo Asian 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 Anglo Asian's stock 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 Anglo Asian Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0854 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 5.73 |
Anglo Asian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anglo Asian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anglo Asian's standard deviation. In reality, there are many statistical measures that can use Anglo Asian historical prices to predict the future Anglo Asian's volatility.| Risk Adjusted Performance | 0.1057 | |||
| Jensen Alpha | 0.3763 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0861 | |||
| Treynor Ratio | 2.05 |
Anglo Asian Mining Backtested Returns
Anglo Asian appears to be very steady, given 3 months investment horizon. Anglo Asian Mining secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anglo Asian Mining, which you can use to evaluate the volatility of the firm. Please makes use of Anglo Asian's mean deviation of 2.25, and Risk Adjusted Performance of 0.1057 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anglo Asian holds a performance score of 9. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anglo Asian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anglo Asian is expected to be smaller as well. Please check Anglo Asian's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Anglo Asian's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Anglo Asian Mining has very weak reverse predictability. Overlapping area represents the amount of predictability between Anglo Asian time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Anglo Asian Mining price movement. The serial correlation of -0.01 indicates that just 1.0% of current Anglo Asian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 8.46 |
Anglo Asian Mining lagged returns against current returns
Autocorrelation, which is Anglo Asian stock'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 Anglo Asian's stock expected returns. We can calculate the autocorrelation of Anglo Asian returns to help us make a trade decision. For example, suppose you find that Anglo Asian has exhibited high autocorrelation historically, and you observe that the stock 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 |
Anglo Asian 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 Anglo Asian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anglo Asian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anglo Asian stock over time.
Current vs Lagged Prices |
| Timeline |
Anglo Asian Lagged Returns
When evaluating Anglo Asian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anglo Asian stock have on its future price. Anglo Asian 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, Anglo Asian autocorrelation shows the relationship between Anglo Asian stock current value and its past values and can show if there is a momentum factor associated with investing in Anglo Asian Mining.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Anglo Stock
Anglo Asian financial ratios help investors to determine whether Anglo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Anglo with respect to the benefits of owning Anglo Asian security.