Argen X (UK) Market Value
| 0QW0 Stock | 640.00 4.73 0.73% |
| Symbol | Argen |
Argen X '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 Argen X'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 Argen X.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Argen X on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Argen X or generate 0.0% return on investment in Argen X over 30 days. Argen X is related to or competes with Kinnevik Investment, Bisichi Mining, Temple Bar, Monks Investment, Lundin Mining, Invesco Physical, and FC Investment. Argen X is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Argen X 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 Argen X'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 Argen X upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.2113 | |||
| Maximum Drawdown | 11.31 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.81 |
Argen X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argen X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argen X's standard deviation. In reality, there are many statistical measures that can use Argen X historical prices to predict the future Argen X's volatility.| Risk Adjusted Performance | 0.1963 | |||
| Jensen Alpha | 0.3789 | |||
| Total Risk Alpha | 0.3369 | |||
| Sortino Ratio | 0.2154 | |||
| Treynor Ratio | (3.46) |
Argen X Backtested Returns
Argen X appears to be very steady, given 3 months investment horizon. Argen X secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Argen X, which you can use to evaluate the volatility of the firm. Please makes use of Argen X's risk adjusted performance of 0.1963, and Mean Deviation of 1.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argen X holds a performance score of 16. 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, returns on owning Argen X are expected to decrease at a much lower rate. During the bear market, Argen X is likely to outperform the market. Please check Argen X's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Argen X's price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Argen X has below average predictability. Overlapping area represents the amount of predictability between Argen X time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argen X price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Argen X price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 176.9 |
Argen X lagged returns against current returns
Autocorrelation, which is Argen X 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 Argen X's stock expected returns. We can calculate the autocorrelation of Argen X returns to help us make a trade decision. For example, suppose you find that Argen X 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 |
Argen X 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 Argen X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argen X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argen X stock over time.
Current vs Lagged Prices |
| Timeline |
Argen X Lagged Returns
When evaluating Argen X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argen X stock have on its future price. Argen X 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, Argen X autocorrelation shows the relationship between Argen X stock current value and its past values and can show if there is a momentum factor associated with investing in Argen X.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Argen Stock Analysis
When running Argen X's price analysis, check to measure Argen X'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 Argen X is operating at the current time. Most of Argen X's value examination focuses on studying past and present price action to predict the probability of Argen X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argen X's price. Additionally, you may evaluate how the addition of Argen X to your portfolios can decrease your overall portfolio volatility.