Argo Blockchain Plc Stock Market Value
| ARBKF Stock | USD 0.11 0.01 15.79% |
| Symbol | Argo |
Argo Blockchain '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 Argo Blockchain's 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 Argo Blockchain.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Argo Blockchain on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Argo Blockchain PLC or generate 0.0% return on investment in Argo Blockchain over 720 days. Argo Blockchain is related to or competes with Cipher Mining, Stronghold Digital, Iris Energy, Terawulf, DeFi Technologies, Galaxy Digital, and BIG Blockchain. Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business w... More
Argo Blockchain 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 Argo Blockchain's 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 Argo Blockchain PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 34.85 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 9.09 |
Argo Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Blockchain's standard deviation. In reality, there are many statistical measures that can use Argo Blockchain historical prices to predict the future Argo Blockchain's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.23) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0224 |
Argo Blockchain PLC Backtested Returns
Argo Blockchain appears to be out of control, given 3 months investment horizon. Argo Blockchain PLC secures Sharpe Ratio (or Efficiency) of 0.024, which signifies that the company had a 0.024% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Argo Blockchain PLC, which you can use to evaluate the volatility of the firm. Please makes use of Argo Blockchain's mean deviation of 6.32, and Risk Adjusted Performance of 0.0176 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argo Blockchain holds a performance score of 1. The firm shows a Beta (market volatility) of 3.68, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Argo Blockchain will likely underperform. Please check Argo Blockchain's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Argo Blockchain's price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Argo Blockchain PLC has very weak predictability. Overlapping area represents the amount of predictability between Argo Blockchain time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argo Blockchain PLC price movement. The serial correlation of 0.19 indicates that over 19.0% of current Argo Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Argo Blockchain PLC lagged returns against current returns
Autocorrelation, which is Argo Blockchain 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 Argo Blockchain's pink sheet expected returns. We can calculate the autocorrelation of Argo Blockchain returns to help us make a trade decision. For example, suppose you find that Argo Blockchain 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 |
Argo Blockchain 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 Argo Blockchain pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Blockchain pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argo Blockchain pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Argo Blockchain Lagged Returns
When evaluating Argo Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Blockchain pink sheet have on its future price. Argo Blockchain 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, Argo Blockchain autocorrelation shows the relationship between Argo Blockchain pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Argo Blockchain PLC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Argo Pink Sheet
When determining whether Argo Blockchain PLC is a strong investment it is important to analyze Argo Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Blockchain's future performance. For an informed investment choice regarding Argo Pink Sheet, refer to the following important reports:Check out Argo Blockchain Correlation, Argo Blockchain Volatility and Argo Blockchain Alpha and Beta module to complement your research on Argo Blockchain. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Argo Blockchain technical pink sheet 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, pink sheet market cycles, or different charting patterns.