Argenx Nv Adr Stock Market Value
| ARGX Stock | USD 605.66 0.26 0.04% |
| Symbol | Argenx |
argenx NV ADR Price To Book Ratio
Is Biotechnology 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 Argenx NV. If investors know Argenx 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 Argenx NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Revenue Per Share 1.2829 | Quarterly Revenue Growth 0.733 | Return On Assets (0.06) | Return On Equity (0.06) |
The market value of argenx NV ADR is measured differently than its book value, which is the value of Argenx that is recorded on the company's balance sheet. Investors also form their own opinion of Argenx NV's value that differs from its market value or its book value, called intrinsic value, which is Argenx NV'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 Argenx NV's market value can be influenced by many factors that don't directly affect Argenx NV'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 Argenx NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argenx NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argenx NV'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.
Argenx NV '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 Argenx NV'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 Argenx NV.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Argenx NV on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding argenx NV ADR or generate 0.0% return on investment in Argenx NV over 30 days. Argenx NV is related to or competes with Blueprint Medicines, Amylyx Pharmaceuticals, Day One, Terns Pharmaceuticals, Apellis Pharmaceuticals, Legend Biotech, and Zai Lab. argenx SE, a biotechnology company, focuses on developing various therapies for the treatment of autoimmune diseases in ... More
Argenx NV 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 Argenx NV'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 argenx NV ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0616 | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.89 |
Argenx NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argenx NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argenx NV's standard deviation. In reality, there are many statistical measures that can use Argenx NV historical prices to predict the future Argenx NV's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.2597 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0663 | |||
| Treynor Ratio | (1.65) |
argenx NV ADR Backtested Returns
Argenx NV appears to be very steady, given 3 months investment horizon. argenx NV ADR secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for argenx NV ADR, which you can use to evaluate the volatility of the firm. Please makes use of Argenx NV's Mean Deviation of 1.43, semi deviation of 1.66, and Risk Adjusted Performance of 0.1043 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argenx NV holds a performance score of 10. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Argenx NV are expected to decrease at a much lower rate. During the bear market, Argenx NV is likely to outperform the market. Please check Argenx NV's downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Argenx NV's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
argenx NV ADR has weak reverse predictability. Overlapping area represents the amount of predictability between Argenx NV time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 argenx NV ADR price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Argenx NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 187.76 |
argenx NV ADR lagged returns against current returns
Autocorrelation, which is Argenx NV 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 Argenx NV's stock expected returns. We can calculate the autocorrelation of Argenx NV returns to help us make a trade decision. For example, suppose you find that Argenx NV 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 |
Argenx NV 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 Argenx NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argenx NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argenx NV stock over time.
Current vs Lagged Prices |
| Timeline |
Argenx NV Lagged Returns
When evaluating Argenx NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argenx NV stock have on its future price. Argenx NV 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, Argenx NV autocorrelation shows the relationship between Argenx NV stock current value and its past values and can show if there is a momentum factor associated with investing in argenx NV ADR.
Regressed Prices |
| Timeline |
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When running Argenx NV's price analysis, check to measure Argenx NV'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 Argenx NV is operating at the current time. Most of Argenx NV's value examination focuses on studying past and present price action to predict the probability of Argenx NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argenx NV's price. Additionally, you may evaluate how the addition of Argenx NV to your portfolios can decrease your overall portfolio volatility.