Argeo AS (Norway) Market Value
| ARGEO Stock | NOK 11.24 0.44 3.77% |
| Symbol | Argeo |
Argeo AS '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 Argeo AS'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 Argeo AS.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Argeo AS on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Argeo AS or generate 0.0% return on investment in Argeo AS over 30 days. Argeo AS is related to or competes with Nordic Unmanned, Carasent ASA, Aega ASA, Magnora ASA, and Bewi Asa. Argeo AS provides various services and technical solutions to the surveying and inspection industry More
Argeo AS 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 Argeo AS'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 Argeo AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.94 | |||
| Value At Risk | (6.83) | |||
| Potential Upside | 8.77 |
Argeo AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argeo AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argeo AS's standard deviation. In reality, there are many statistical measures that can use Argeo AS historical prices to predict the future Argeo AS's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | 0.2312 |
Argeo AS Backtested Returns
As of now, Argeo Stock is slightly risky. Argeo AS secures Sharpe Ratio (or Efficiency) of 0.0195, which signifies that the company had a 0.0195% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Argeo AS, which you can use to evaluate the volatility of the firm. Please confirm Argeo AS's risk adjusted performance of (0), and Mean Deviation of 3.1 to double-check if the risk estimate we provide is consistent with the expected return of 0.0792%. Argeo AS has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Argeo AS are expected to decrease at a much lower rate. During the bear market, Argeo AS is likely to outperform the market. Argeo AS right now shows a risk of 4.07%. Please confirm Argeo AS potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Argeo AS will be following its price patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Argeo AS has modest reverse predictability. Overlapping area represents the amount of predictability between Argeo AS time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Argeo AS price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Argeo AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Argeo AS lagged returns against current returns
Autocorrelation, which is Argeo AS 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 Argeo AS's stock expected returns. We can calculate the autocorrelation of Argeo AS returns to help us make a trade decision. For example, suppose you find that Argeo AS 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 |
Argeo AS 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 Argeo AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argeo AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argeo AS stock over time.
Current vs Lagged Prices |
| Timeline |
Argeo AS Lagged Returns
When evaluating Argeo AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argeo AS stock have on its future price. Argeo AS 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, Argeo AS autocorrelation shows the relationship between Argeo AS stock current value and its past values and can show if there is a momentum factor associated with investing in Argeo AS.
Regressed Prices |
| Timeline |
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Argeo AS financial ratios help investors to determine whether Argeo Stock 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 Argeo with respect to the benefits of owning Argeo AS security.