Antofagasta Plc (Germany) Market Value

FG1 Stock  EUR 20.17  0.09  0.44%   
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 20.17 as of the 18th of December 2024. This is a 0.44 percent decrease since the beginning of the trading day. The stock's lowest day price was 20.17.
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 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 Antofagasta Plc.
0.00
11/18/2024
No Change 0.00  0.0 
In 31 days
12/18/2024
0.00
If you would invest  0.00  in Antofagasta Plc on November 18, 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 Southern Copper, Sandfire Resources, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, and BANK HANDLOWY. Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of ... 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 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 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.
Hype
Prediction
LowEstimatedHigh
17.6620.1722.68
Details
Intrinsic
Valuation
LowRealHigh
15.2317.7420.25
Details

Antofagasta plc Backtested Returns

Antofagasta plc secures Sharpe Ratio (or Efficiency) of -0.0126, which signifies that the company had a -0.0126% return per unit of risk over the last 3 months. Antofagasta plc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Antofagasta Plc's Risk Adjusted Performance of (0.01), standard deviation of 2.49, and Mean Deviation of 1.72 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, 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. At this point, Antofagasta plc has a negative expected return of -0.0316%. Please make sure to confirm Antofagasta Plc's total risk alpha, potential upside, kurtosis, as well as the relationship between the treynor ratio and skewness , to decide if Antofagasta plc performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.45  

Modest reverse predictability

Antofagasta plc has modest reverse predictability. Overlapping area represents the amount of predictability between Antofagasta Plc time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Antofagasta plc price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Antofagasta Plc price fluctuation can be explain by its past prices.
Correlation Coefficient-0.45
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.3

Antofagasta plc lagged returns against current returns

Autocorrelation, which is Antofagasta Plc 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 Antofagasta Plc's stock 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 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  

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

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Other Information on Investing in Antofagasta Stock

Antofagasta Plc financial ratios help investors to determine whether Antofagasta 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 Antofagasta with respect to the benefits of owning Antofagasta Plc security.