Argo Blockchain Correlations
| ARBKL Stock | USD 7.40 0.33 4.27% |
The current 90-days correlation between Argo Blockchain plc and Greenidge Generation Holdings is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Argo Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argo Blockchain plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Argo Blockchain Correlation With Market
Good diversification
The correlation between Argo Blockchain plc and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argo Blockchain plc and DJI in the same portfolio, assuming nothing else is changed.
Argo |
Moving together with Argo Stock
| 0.71 | HCP | Hashicorp | PairCorr |
| 0.67 | HPAIW | Helport AI Limited | PairCorr |
| 0.68 | NTCL | NETCLASS TECHNOLOGY INC | PairCorr |
Moving against Argo Stock
| 0.78 | ZENA | ZenaTech | PairCorr |
| 0.72 | FMTO | Femto Technologies Symbol Change | PairCorr |
| 0.65 | GITS | Global Interactive Symbol Change | PairCorr |
| 0.62 | DMN | Damon Common Stock | PairCorr |
| 0.57 | GMHS | Gamehaus Holdings Class | PairCorr |
| 0.55 | WAI | Top KingWin Symbol Change | PairCorr |
| 0.53 | YAAS | Youxin Technology | PairCorr |
| 0.7 | TNMG | TNL Mediagene Ordinary | PairCorr |
| 0.66 | NIXX | Nixxy, Inc Symbol Change | PairCorr |
| 0.59 | TTAN | ServiceTitan, Class | PairCorr |
| 0.58 | RZLVW | Rezolve AI Limited | PairCorr |
| 0.58 | SDIG | Stronghold Digital Mining | PairCorr |
| 0.42 | SFHG | Samfine Creation Holdings | PairCorr |
| 0.41 | SLNHP | Soluna Holdings Preferred | PairCorr |
| 0.38 | STFS | Star Fashion Culture | PairCorr |
| 0.37 | RILYP | B Riley Financial | PairCorr |
| 0.36 | PHLT | Performant Healthcare, Symbol Change | PairCorr |
Related Correlations Analysis
| 0.0 | 0.29 | -0.23 | 0.09 | GREEL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | TELZ | ||
| 0.29 | 0.0 | -0.14 | 0.59 | HROWL | ||
| -0.23 | 0.0 | -0.14 | 0.25 | FOSLL | ||
| 0.09 | 0.0 | 0.59 | 0.25 | ATLCL | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Argo Stock performing well and Argo Blockchain Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Argo Blockchain's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GREEL | 1.53 | (0.03) | 0.00 | (0.17) | 0.00 | 4.17 | 11.80 | |||
| TELZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HROWL | 0.24 | 0.03 | 0.27 | 3.55 | 0.23 | 0.59 | 1.57 | |||
| FOSLL | 1.43 | 0.30 | 0.22 | (0.73) | 1.33 | 4.07 | 12.57 | |||
| ATLCL | 0.25 | 0.04 | 0.30 | 0.73 | 0.17 | 0.60 | 1.51 |