Argo Gold Financials
| ARBTF Stock | USD 0.04 0 3.23% |
Argo |
Understanding current and past Argo Gold Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Argo Gold's financial statements are interrelated, with each one affecting the others. For example, an increase in Argo Gold's assets may result in an increase in income on the income statement.
Argo Gold Stock Summary
Argo Gold competes with Aurion Resources, Liberty Gold, Rio2, Orezone Gold, and Radisson Mining. Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwestern Ontario. Argo Gold Inc. was incorporated in 1995 and is based in Toronto, Canada. Argo Gold is traded on OTC Exchange in the United States.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| Business Address | 350 Bay Street, |
| Sector | Basic Materials |
| Industry | Gold |
| Benchmark | Dow Jones Industrial |
| Website | www.argogold.com |
| Phone | 416 786 7860 |
| Currency | USD - US Dollar |
Argo Gold Key Financial Ratios
There are many critical financial ratios that Argo Gold's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Argo Gold reports annually and quarterly.Argo Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Argo Gold's current stock value. Our valuation model uses many indicators to compare Argo Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Argo Gold competition to find correlations between indicators driving Argo Gold's intrinsic value. More Info.Argo Gold is number one stock in return on equity category among its peers. It is rated fifth in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Argo Gold's earnings, one of the primary drivers of an investment's value.Argo Gold Systematic Risk
Argo Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Argo Gold volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Argo Gold correlated with the market. If Beta is less than 0 Argo Gold generally moves in the opposite direction as compared to the market. If Argo Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Argo Gold is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Argo Gold is generally in the same direction as the market. If Beta > 1 Argo Gold moves generally in the same direction as, but more than the movement of the benchmark.
Argo Gold November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Argo Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Argo Gold. We use our internally-developed statistical techniques to arrive at the intrinsic value of Argo Gold based on widely used predictive technical indicators. In general, we focus on analyzing Argo Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Argo Gold's daily price indicators and compare them against related drivers.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 33.39 | |||
| Value At Risk | (9.17) | |||
| Potential Upside | 10.44 |
Complementary Tools for Argo Pink Sheet analysis
When running Argo Gold's price analysis, check to measure Argo Gold'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 Argo Gold is operating at the current time. Most of Argo Gold's value examination focuses on studying past and present price action to predict the probability of Argo Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argo Gold's price. Additionally, you may evaluate how the addition of Argo Gold to your portfolios can decrease your overall portfolio volatility.
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