AngloGold Intangible Assets vs Cash And Short Term Investments Analysis
AU Stock | USD 23.57 0.27 1.13% |
AngloGold Ashanti financial indicator trend analysis is way more than just evaluating AngloGold Ashanti plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AngloGold Ashanti plc is a good investment. Please check the relationship between AngloGold Ashanti Intangible Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Intangible Assets vs Cash And Short Term Investments
Intangible Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AngloGold Ashanti plc Intangible Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between AngloGold Ashanti's Intangible Assets and Cash And Short Term Investments is -0.41. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of AngloGold Ashanti plc, assuming nothing else is changed. The correlation between historical values of AngloGold Ashanti's Intangible Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of AngloGold Ashanti plc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Intangible Assets i.e., AngloGold Ashanti's Intangible Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.41 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of AngloGold Ashanti plc balance sheet. This account contains AngloGold Ashanti investments that will expire within one year. These investments include stocks and bonds that can be liquidated by AngloGold Ashanti plc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from AngloGold Ashanti's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios 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 fundamental ratios 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. At this time, AngloGold Ashanti's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 6.6 M in 2024, whereas Enterprise Value is likely to drop slightly above 7.6 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15M | 41M | 36.9M | 35.1M | Depreciation And Amortization | 672M | 633M | 658M | 621.1M |
AngloGold Ashanti fundamental ratios Correlations
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AngloGold Ashanti Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AngloGold Ashanti fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.9B | 7.7B | 8.0B | 8.1B | 8.2B | 8.1B | |
Short Long Term Debt Total | 2.2B | 2.1B | 2.1B | 2.2B | 2.4B | 2.1B | |
Other Current Liab | 272M | 153M | 39M | 45M | 388M | 508.7M | |
Total Current Liabilities | 1.7B | 959M | 798M | 859M | 1.2B | 1.1B | |
Total Stockholder Equity | 2.6B | 3.7B | 4.0B | 4.1B | 3.7B | 3.1B | |
Property Plant And Equipment Net | 2.8B | 3.0B | 3.6B | 4.4B | 4.6B | 4.7B | |
Net Debt | 1.7B | 754M | 940M | 1.1B | 1.4B | 1.5B | |
Retained Earnings | (4.6B) | (3.5B) | (3.2B) | (1.7B) | (2.1B) | (2.0B) | |
Accounts Payable | 586M | 627M | 647M | 710M | 464M | 484.4M | |
Cash | 456M | 1.3B | 1.2B | 1.1B | 998M | 617.0M | |
Non Current Assets Total | 4.9B | 5.3B | 5.8B | 5.9B | 6.0B | 6.4B | |
Non Currrent Assets Other | 246M | 335M | 296M | 281M | 291M | 518.4M | |
Cash And Short Term Investments | 466M | 1.3B | 1.2B | 1.1B | 998M | 628.1M | |
Net Receivables | 250M | 229M | 260M | 237M | 300M | 225.9M | |
Common Stock Shares Outstanding | 418.3M | 419.5M | 420.1M | 420.9M | 421.1M | 362.3M | |
Liabilities And Stockholders Equity | 6.9B | 7.7B | 8.0B | 8.1B | 8.2B | 8.1B | |
Non Current Liabilities Total | 2.5B | 3.0B | 3.1B | 3.1B | 3.2B | 3.4B | |
Inventory | 632M | 733M | 703M | 773M | 829M | 628.6M | |
Other Current Assets | 634M | 42M | 26M | 27M | 47M | 44.7M | |
Other Stockholder Equity | 4.6B | 3.5B | 3.2B | 7.2B | 6.5B | 6.8B | |
Total Liab | 4.2B | 3.9B | 3.9B | 3.9B | 4.4B | 4.9B | |
Total Current Assets | 2.0B | 2.3B | 2.1B | 2.1B | 2.2B | 1.8B | |
Short Term Debt | 779M | 179M | 112M | 104M | 289M | 241.1M | |
Accumulated Other Comprehensive Income | (4.6B) | (3.5B) | (3.2B) | (1.4B) | 5.4B | 5.7B | |
Other Liab | 1.1B | 1.1B | 1.1B | 1.0B | 1.2B | 1.1B | |
Long Term Debt | 1.3B | 1.8B | 1.9B | 2.0B | 2.3B | 1.9B | |
Common Stock | 7.2B | 7.2B | 7.2B | 17M | 420M | 399M | |
Property Plant Equipment | 2.8B | 3.0B | 3.6B | 4.4B | 3.9B | 3.6B | |
Short Term Investments | 10M | 9M | 0.0 | 8M | 7.2M | 6.8M | |
Other Assets | 351M | 342M | (1M) | 122M | 109.8M | 104.3M | |
Property Plant And Equipment Gross | 2.8B | 3.0B | 3.6B | 4.4B | 3.9B | 3.9B | |
Net Tangible Assets | 2.5B | 3.6B | 3.9B | 4.0B | 4.6B | 3.2B | |
Long Term Investments | 1.7B | 1.8B | 1.8B | 1.1B | 992.7M | 1.3B | |
Short Long Term Debt | 139M | 734M | 142M | 20M | 18M | 17.1M |
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
0.88 | AA | Alcoa Corp Financial Report 17th of July 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AngloGold Ashanti plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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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.