Argosy Property Correlations

IGPYF Stock  USD 0.69  0.02  2.99%   
The current 90-days correlation between Argosy Property and Turning Point Brands is -0.08 (i.e., Good diversification). The correlation of Argosy Property 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Argosy Property Correlation With Market

Good diversification

The correlation between Argosy Property Limited and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argosy Property Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Argosy Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argosy Property 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 Argosy Property - 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 Argosy Property Limited to buy it.

Moving together with Argosy Pink Sheet

  0.73GSEFF CovivioPairCorr
  0.62BBAI BigBearai HoldingsPairCorr
  0.65SOUN SoundHound AI TrendingPairCorr

Moving against Argosy Pink Sheet

  0.49PPERF Bank Mandiri PerseroPairCorr
  0.42VICI VICI PropertiesPairCorr
  0.37BKRKF PT Bank RakyatPairCorr
  0.35PPERY Bank Mandiri PerseroPairCorr
  0.35BKRKY Bank RakyatPairCorr
  0.31WPC W P CareyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
KOKDP
COCOCENX
CENXTPB
COCOTPB
ISPRKO
ISPRKDP
  
High negative correlations   
KOCOCO
KOCENX
KOTPB
COCOKDP
CENXKDP
TPBKDP

Risk-Adjusted Indicators

There is a big difference between Argosy Pink Sheet performing well and Argosy Property Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Argosy Property's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Argosy Property without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Argosy Property Corporate Management

David FraserChief OfficerProfile
Saatyesh BhanaHead SustainabilityProfile
Stephen FreundlichHead of Investor RelationsProfile
Marilyn StoreyAsset ManagerProfile
Peter MenceChief OfficerProfile
David SnellingCompany SecretaryProfile
Anna HamillFinancial ControllerProfile