Argo Group Stock Forecast - Accumulation Distribution
| ARGODelisted Stock | USD 29.74 0.03 0.10% |
Argo Stock Forecast is based on your current time horizon.
Argo |
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 399.63 | 335.46 |
| Check Argo Group Volatility | Backtest Argo Group | Trend Details |
Argo Group Trading Date Momentum
| On July 10 2023 Argo Group International was traded for 29.65 at the closing time. The top price for the day was 29.67 and the lowest listed price was 29.62 . The trading volume for the day was 165.9 K. The trading history from July 10, 2023 did not affect price variability. The overall trading delta against the current closing price is 0.13% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Argo Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Argo Group stock to make a market-neutral strategy. Peer analysis of Argo Group could also be used in its relative valuation, which is a method of valuing Argo Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Argo Group Market Strength Events
Market strength indicators help investors to evaluate how Argo Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argo Group shares will generate the highest return on investment. By undertsting and applying Argo Group stock market strength indicators, traders can identify Argo Group International entry and exit signals to maximize returns.
Argo Group Risk Indicators
The analysis of Argo Group's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Argo Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting argo stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.0808 | |||
| Standard Deviation | 0.1079 | |||
| Variance | 0.0116 | |||
| Downside Variance | 0.0111 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.10) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Argo Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Argo Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Argo Group will appreciate offsetting losses from the drop in the long position's value.Moving against Argo Stock
| 0.87 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.86 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.82 | LCID | Lucid Group | PairCorr |
| 0.79 | NIO | Nio Class A Aggressive Push | PairCorr |
| 0.76 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to Argo Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argo Group 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 Argo Group - 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 Argo Group International to buy it.
The correlation of Argo Group 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Argo Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argo Group International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Argo Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Argo Stock
If you are still planning to invest in Argo Group International check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Argo Group's history and understand the potential risks before investing.
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