Argo Gold Stock Market Value
| ARBTF Stock | USD 0.04 0 3.23% |
| Symbol | Argo |
Argo Gold '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 Gold'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 Gold.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Argo Gold on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Argo Gold or generate 0.0% return on investment in Argo Gold over 720 days. Argo Gold is related to or competes with Aurion Resources, Liberty Gold, Rio2, Orezone Gold, Radisson Mining, Predictive Discovery, and Fortuna Silver. Argo Gold Inc., a development stage company, focuses on the exploration and development of mineral properties in northwe... More
Argo Gold 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 Gold'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 Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 33.39 | |||
| Value At Risk | (9.17) | |||
| Potential Upside | 10.44 |
Argo Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Gold's standard deviation. In reality, there are many statistical measures that can use Argo Gold historical prices to predict the future Argo Gold's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | 0.8217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Argo Gold's 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.
Argo Gold Backtested Returns
Argo Gold secures Sharpe Ratio (or Efficiency) of -0.077, which signifies that the company had a -0.077% return per unit of standard deviation over the last 3 months. Argo Gold exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Gold's risk adjusted performance of (0.02), and Mean Deviation of 2.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Argo Gold are expected to decrease at a much lower rate. During the bear market, Argo Gold is likely to outperform the market. At this point, Argo Gold has a negative expected return of -0.4%. Please make sure to confirm Argo Gold's jensen alpha and the relationship between the potential upside and period momentum indicator , to decide if Argo Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Argo Gold has very weak predictability. Overlapping area represents the amount of predictability between Argo Gold 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 Gold price movement. The serial correlation of 0.19 indicates that over 19.0% of current Argo Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Argo Gold lagged returns against current returns
Autocorrelation, which is Argo Gold 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 Gold's pink sheet expected returns. We can calculate the autocorrelation of Argo Gold returns to help us make a trade decision. For example, suppose you find that Argo Gold 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 Gold 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 Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Gold 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 Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Argo Gold Lagged Returns
When evaluating Argo Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Gold pink sheet have on its future price. Argo Gold 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 Gold autocorrelation shows the relationship between Argo Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Argo Gold.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Argo Pink Sheet
Argo Gold financial ratios help investors to determine whether Argo 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 Argo with respect to the benefits of owning Argo Gold security.