Argentum Correlations

ARGQ Stock

USD 0.01 0 28.85%

The current 90-days correlation between Argentum 47 and AppTech Payments Corp is -0.02 (i.e., Good diversification). The correlation of Argentum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Argentum Correlation With Market

Good diversification

The correlation between Argentum 47 and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argentum 47 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Argentum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argentum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Argentum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Argentum 47 to buy it.

Moving against Argentum Pink Sheet

0.73	GLABF	Gemina Laboratories	Pair Corr
0.7	CRVL	CorVel Corp	Pair Corr
0.63	LUNR	Intuitive Machines	Pair Corr
0.59	WTW	Willis Towers Watson	Pair Corr
0.59	SOUN	SoundHound AI Trending	Pair Corr
0.57	IONQ	IONQ Inc	Pair Corr
0.55	BBAI	BigBearai Holdings Tech Boost	Pair Corr
0.52	AJG	Arthur J Gallagher Sell-off Trend	Pair Corr
0.48	BRP	Brp Group Symbol Change	Pair Corr
0.47	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.45	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.41	APLD	Applied Blockchain	Pair Corr
0.4	BRO	Brown Brown Fiscal Year End 27th of January 2025	Pair Corr

Related Correlations Analysis

	APCXW	ARBEW	ARAT	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	VIASP
APCXW		0.1	0.47	0.29	0.0	0.02	-0.56	-0.6	-0.37	-0.29	APCXW
ARBEW	0.1		0.5	0.25	0.0	-0.2	-0.33	-0.42	-0.03	-0.43	ARBEW
ARAT	0.47	0.5		0.41	0.0	-0.27	-0.42	-0.49	0.02	-0.54	ARAT
444859BR2	0.29	0.25	0.41		0.0	0.03	-0.46	-0.34	-0.07	-0.37	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.02	-0.2	-0.27	0.03	0.0		-0.1	0.13	0.07	0.29	BRRAY
MSTSX	-0.56	-0.33	-0.42	-0.46	0.0	-0.1		0.65	0.35	0.08	MSTSX
LBHIX	-0.6	-0.42	-0.49	-0.34	0.0	0.13	0.65		0.61	0.5	LBHIX
ABHYX	-0.37	-0.03	0.02	-0.07	0.0	0.07	0.35	0.61		0.14	ABHYX
VIASP	-0.29	-0.43	-0.54	-0.37	0.0	0.29	0.08	0.5	0.14		VIASP
	APCXW	ARBEW	ARAT	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	VIASP

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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

LBHIX	+ 0.65	MSTSX
ABHYX	+ 0.61	LBHIX
ARAT	+ 0.5	ARBEW
VIASP	+ 0.5	LBHIX
ARAT	+ 0.47	APCXW
444859BR2	+ 0.41	ARAT

High negative correlations

LBHIX	- 0.6	APCXW
MSTSX	- 0.56	APCXW
VIASP	- 0.54	ARAT
LBHIX	- 0.49	ARAT
MSTSX	- 0.46	444859BR2
VIASP	- 0.43	ARBEW

Risk-Adjusted Indicators

There is a big difference between Argentum Pink Sheet performing well and Argentum 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 Argentum'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
APCXW	11.12	2.01	0.07	(0.39)	12.33	(18.25)	27.27	(28.57)	112.25
ARBEW	5.01	(0.08)	0.00	0.18	0.00	0.00	16.67	(13.04)	59.65
ARAT	2.58	(0.36)	0.00	(0.64)	0.00	0.00	0.00	(10.34)	98.15
444859BR2	1.39	(0.04)	0.00	10.36	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	2.23	0.43	0.00	0.75	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.24)	0.07	0.26	(0.23)	0.34	(0.33)	1.91
VIASP	0.76	0.12	0.00	(1.56)	1.12	(0.82)	2.28	(1.20)	7.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Argentum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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