Argo Blockchain Plc Stock Price on August 15, 2024
| ARBKL Stock | USD 6.79 0.01 0.15% |
If you're considering investing in Argo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Argo Blockchain stands at 6.79, as last reported on the 14th of December 2024, with the highest price reaching 6.79 and the lowest price hitting 6.50 during the day. Argo Blockchain plc secures Sharpe Ratio (or Efficiency) of -0.099, which signifies that the company had a -0.099% return per unit of standard deviation over the last 3 months. Argo Blockchain plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Blockchain's mean deviation of 2.05, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
The value of Stock Based Compensation To Revenue is expected to slide to 0.05. At this time, Argo Blockchain's Price Book Value Ratio is quite stable compared to the past year. Price To Operating Cash Flows Ratio is expected to rise to 1,568 this year, although the value of Price Earnings Ratio will most likely fall to (171.42). Argo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Argo |
Sharpe Ratio = -0.099
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Estimated Market Risk
| 3.64 actual daily | 32 68% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Argo Blockchain is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Argo Blockchain by adding Argo Blockchain to a well-diversified portfolio.
Shares Short Prior Month 4 K | Shares Short 3.4 K |
Argo Blockchain Valuation on August 15, 2024
It is possible to determine the worth of Argo Blockchain on a given historical date. On August 15, 2024 Argo was worth 8.91 at the beginning of the trading date compared to the closed value of 9.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Argo Blockchain stock. Still, in general, we apply an absolute valuation method to find Argo Blockchain's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Argo Blockchain where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Argo Blockchain's related companies.
| Open | High | Low | Close | Volume | |
| 9.00 | 9.18 | 8.92 | 9.01 | 2,500 | |
08/15/2024 | 8.91 | 9.17 | 8.76 | 9.02 | 17,400 |
| 8.96 | 9.20 | 8.90 | 9.09 | 15,100 |
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Argo Blockchain Trading Date Momentum on August 15, 2024
| On August 16 2024 Argo Blockchain plc was traded for 9.09 at the closing time. The highest daily price throughout the period was 9.20 and the lowest price was 8.90 . The daily volume was 15.1 K. The net trading volume on 08/16/2024 added to the next day price upswing. The overall trading delta to closing price of the next trading day was 0.78% . The overall trading delta to current closing price is 5.54% . |
About Argo Blockchain Stock history
Argo Blockchain investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Argo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Argo Blockchain plc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Argo Blockchain stock prices may prove useful in developing a viable investing in Argo Blockchain
Argo Blockchain Stock Technical Analysis
Argo Blockchain technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Argo Blockchain Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Argo Blockchain plc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Argo Blockchain December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Argo Blockchain 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 Blockchain shares will generate the highest return on investment. By undertsting and applying Argo Blockchain stock market strength indicators, traders can identify Argo Blockchain plc entry and exit signals to maximize returns
Argo Blockchain Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Argo Blockchain's price direction in advance. Along with the technical and fundamental analysis of Argo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Argo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 1.02 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Business Services 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 Argo Blockchain. If investors know Argo 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 Argo Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Argo Blockchain plc is measured differently than its book value, which is the value of Argo that is recorded on the company's balance sheet. Investors also form their own opinion of Argo Blockchain's value that differs from its market value or its book value, called intrinsic value, which is Argo Blockchain'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 Argo Blockchain's market value can be influenced by many factors that don't directly affect Argo Blockchain'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 Argo Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Blockchain'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.