Argo Investments (Australia) Market Value
| ARG Stock | 8.99 0.06 0.66% |
| Symbol | Argo |
Argo Investments '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 Investments' 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 Argo Investments.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Argo Investments on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Argo Investments or generate 0.0% return on investment in Argo Investments over 30 days. Argo Investments is related to or competes with EROAD, Data3, Nova Eye, and Medical Developments. Argo Investments is entity of Australia. It is traded as Stock on AU exchange. More
Argo Investments 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 Investments' 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 Argo Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4902 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.8018 |
Argo Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Investments' standard deviation. In reality, there are many statistical measures that can use Argo Investments historical prices to predict the future Argo Investments' volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.483 |
Argo Investments Backtested Returns
Currently, Argo Investments is very steady. Argo Investments secures Sharpe Ratio (or Efficiency) of 0.0553, which signifies that the company had a 0.0553% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Argo Investments, which you can use to evaluate the volatility of the firm. Please confirm Argo Investments' mean deviation of 0.3943, and Risk Adjusted Performance of 0.0361 to double-check if the risk estimate we provide is consistent with the expected return of 0.0271%. Argo Investments has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0345, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Argo Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding Argo Investments is expected to be smaller as well. Argo Investments right now shows a risk of 0.49%. Please confirm Argo Investments semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Argo Investments will be following its price patterns.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Argo Investments has near perfect reversele predictability. Overlapping area represents the amount of predictability between Argo Investments time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Investments price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Argo Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Argo Investments lagged returns against current returns
Autocorrelation, which is Argo Investments 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 Argo Investments' stock expected returns. We can calculate the autocorrelation of Argo Investments returns to help us make a trade decision. For example, suppose you find that Argo Investments 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 |
Argo Investments 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 Investments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Investments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argo Investments stock over time.
Current vs Lagged Prices |
| Timeline |
Argo Investments Lagged Returns
When evaluating Argo Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Investments stock have on its future price. Argo Investments 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 Investments autocorrelation shows the relationship between Argo Investments stock current value and its past values and can show if there is a momentum factor associated with investing in Argo Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Argo Stock Analysis
When running Argo Investments' price analysis, check to measure Argo Investments' 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 Argo Investments is operating at the current time. Most of Argo Investments' value examination focuses on studying past and present price action to predict the probability of Argo Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argo Investments' price. Additionally, you may evaluate how the addition of Argo Investments to your portfolios can decrease your overall portfolio volatility.