Argan Inc Stock Market Value
| AGX Stock | USD 177.89 2.54 1.45% |
| Symbol | Argan |
Argan Inc Price To Book Ratio
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Argan. If investors know Argan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Argan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.394 | Earnings Share 4.87 | Revenue Per Share | Quarterly Revenue Growth 0.606 | Return On Assets |
The market value of Argan Inc is measured differently than its book value, which is the value of Argan that is recorded on the company's balance sheet. Investors also form their own opinion of Argan's value that differs from its market value or its book value, called intrinsic value, which is Argan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Argan's market value can be influenced by many factors that don't directly affect Argan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Argan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Argan '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 Argan'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 Argan.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Argan on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Argan Inc or generate 0.0% return on investment in Argan over 30 days. Argan is related to or competes with Arcosa, Construction Partners, Topbuild Corp, Comfort Systems, Ameresco, Tutor Perini, and Granite Construction. Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations manage... More
Argan 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 Argan'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 Argan Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.2086 | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 6.59 |
Argan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argan's standard deviation. In reality, there are many statistical measures that can use Argan historical prices to predict the future Argan's volatility.| Risk Adjusted Performance | 0.1892 | |||
| Jensen Alpha | 0.7144 | |||
| Total Risk Alpha | 0.6491 | |||
| Sortino Ratio | 0.258 | |||
| Treynor Ratio | 0.9682 |
Argan Inc Backtested Returns
Argan appears to be very steady, given 3 months investment horizon. Argan Inc secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. By analyzing Argan's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Argan's risk adjusted performance of 0.1892, and Mean Deviation of 2.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argan holds a performance score of 13. The firm shows a Beta (market volatility) of 0.75, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Argan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Argan is expected to be smaller as well. Please check Argan's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Argan's price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Argan Inc has average predictability. Overlapping area represents the amount of predictability between Argan time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Argan Inc price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Argan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 105.61 |
Argan Inc lagged returns against current returns
Autocorrelation, which is Argan 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 Argan's stock expected returns. We can calculate the autocorrelation of Argan returns to help us make a trade decision. For example, suppose you find that Argan 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 |
Argan 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 Argan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argan stock over time.
Current vs Lagged Prices |
| Timeline |
Argan Lagged Returns
When evaluating Argan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argan stock have on its future price. Argan 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, Argan autocorrelation shows the relationship between Argan stock current value and its past values and can show if there is a momentum factor associated with investing in Argan Inc.
Regressed Prices |
| Timeline |
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Additional Tools for Argan Stock Analysis
When running Argan's price analysis, check to measure Argan'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 Argan is operating at the current time. Most of Argan's value examination focuses on studying past and present price action to predict the probability of Argan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argan's price. Additionally, you may evaluate how the addition of Argan to your portfolios can decrease your overall portfolio volatility.