Argo Blockchain (UK) Price on January 11, 2024
| ARB Stock | 8.40 0.10 1.18% |
Below is the normalized historical share price chart for Argo Blockchain PLC extending back to August 03, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Argo Blockchain stands at 8.40, as last reported on the 26th of November, with the highest price reaching 8.75 and the lowest price hitting 8.00 during the day.
If you're considering investing in Argo Stock, it is important to understand the factors that can impact its price. Argo Blockchain PLC secures Sharpe Ratio (or Efficiency) of -0.0087, which signifies that the company had a -0.0087% return per unit of standard deviation over the last 3 months. Argo Blockchain PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Blockchain's mean deviation of 4.7, and Risk Adjusted Performance of 0.0023 to double-check the risk estimate we provide.
The current year's Liabilities And Stockholders Equity is expected to grow to about 116.9 M, whereas Total Stockholder Equity is forecasted to decline to about 117.7 K. . Argo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 10.8748 | 50 Day MA 9.0702 | Beta 3.385 |
Argo |
Sharpe Ratio = -0.0087
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ARB |
Estimated Market Risk
| 6.62 actual daily | 58 58% of assets are less volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Argo Blockchain is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Argo Blockchain by adding Argo Blockchain to a well-diversified portfolio.
Price Book 8.192 | Enterprise Value 83.7 M | Enterprise Value Ebitda 129.4353 | Price Sales 0.9577 | Shares Float 520.5 M |
Argo Blockchain Valuation on January 11, 2024
It is possible to determine the worth of Argo Blockchain on a given historical date. On January 11, 2024 Argo was worth 21.25 at the beginning of the trading date compared to the closed value of 19.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Argo Blockchain stock. Still, in general, we apply an absolute valuation method to find Argo Blockchain's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Argo Blockchain where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Argo Blockchain's related companies.
| Open | High | Low | Close | Volume | |
| 19.25 | 21.25 | 19.00 | 20.30 | 18,540,206 | |
01/11/2024 | 21.25 | 23.50 | 19.00 | 19.10 | 47,107,893 |
| 18.50 | 19.10 | 15.50 | 16.00 | 28,252,936 |
| Backtest Argo Blockchain | | | Argo Blockchain History | | | Argo Blockchain Valuation | Previous | Next |
Argo Blockchain Trading Date Momentum on January 11, 2024
| On January 12 2024 Argo Blockchain PLC was traded for 16.00 at the closing time. The highest price during the trading period was 19.10 and the lowest recorded bid was listed for 15.50 . The volume for the day was 28.3 M. This history from January 12, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 16.23% . The overall trading delta to the current price is 28.01% . |
Argo Blockchain PLC Fundamentals Correlations and Trends
By evaluating Argo Blockchain's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Argo Blockchain's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Argo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Argo Blockchain Stock history
Argo Blockchain investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Argo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Argo Blockchain PLC will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Argo Blockchain stock prices may prove useful in developing a viable investing in Argo Blockchain
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 503.9 M | 406.5 M | |
| Net Loss | -174.8 M | -166.1 M |
Argo Blockchain Stock Technical Analysis
Argo Blockchain technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Argo Blockchain Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Argo Blockchain PLC cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Argo Blockchain November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Argo Blockchain stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argo Blockchain shares will generate the highest return on investment. By undertsting and applying Argo Blockchain stock market strength indicators, traders can identify Argo Blockchain PLC entry and exit signals to maximize returns
Argo Blockchain Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Argo Blockchain's price direction in advance. Along with the technical and fundamental analysis of Argo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Argo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.03) |
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Complementary Tools for Argo Stock analysis
When running Argo Blockchain's price analysis, check to measure Argo Blockchain'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 Blockchain is operating at the current time. Most of Argo Blockchain's value examination focuses on studying past and present price action to predict the probability of Argo Blockchain'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 Blockchain's price. Additionally, you may evaluate how the addition of Argo Blockchain to your portfolios can decrease your overall portfolio volatility.
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