Argonaut Resources Nl Stock Market Value
| AGREF Stock | USD 0.08 0.00 0.00% |
| Symbol | Argonaut |
Argonaut Resources '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 Argonaut Resources' pink sheet 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 Argonaut Resources.
| 01/27/2024 |
| 01/16/2026 |
If you would invest 0.00 in Argonaut Resources on January 27, 2024 and sell it all today you would earn a total of 0.00 from holding Argonaut Resources NL or generate 0.0% return on investment in Argonaut Resources over 720 days. Argonaut Resources NL operates as a mineral exploration and development company in Zambia and Australia More
Argonaut Resources 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 Argonaut Resources' pink sheet 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 Argonaut Resources NL upside and downside potential and time the market with a certain degree of confidence.
Argonaut Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argonaut Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argonaut Resources' standard deviation. In reality, there are many statistical measures that can use Argonaut Resources historical prices to predict the future Argonaut Resources' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Argonaut Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Argonaut Resources Backtested Returns
We have found three technical indicators for Argonaut Resources NL, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Argonaut Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Argonaut Resources NL has no correlation between past and present. Overlapping area represents the amount of predictability between Argonaut Resources time series from 27th of January 2024 to 21st of January 2025 and 21st of January 2025 to 16th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argonaut Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Argonaut Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Argonaut Resources lagged returns against current returns
Autocorrelation, which is Argonaut Resources pink sheet'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 Argonaut Resources' pink sheet expected returns. We can calculate the autocorrelation of Argonaut Resources returns to help us make a trade decision. For example, suppose you find that Argonaut Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Argonaut Resources 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 Argonaut Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argonaut Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argonaut Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Argonaut Resources Lagged Returns
When evaluating Argonaut Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argonaut Resources pink sheet have on its future price. Argonaut Resources 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, Argonaut Resources autocorrelation shows the relationship between Argonaut Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Argonaut Resources NL.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Argonaut Pink Sheet
Argonaut Resources financial ratios help investors to determine whether Argonaut Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Argonaut with respect to the benefits of owning Argonaut Resources security.