These ASX mining shares are tanking hard right now, and heres why - The Motley Fool Australia
| AGY Stock | 0.03 0 3.45% |
Slightly above 61% of Argosy Minerals' investor base is looking to short. The current sentiment regarding investing in Argosy Minerals stock implies that many traders are alarmed. Argosy Minerals' investing sentiment can be driven by a variety of factors including economic data, Argosy Minerals' earnings reports, geopolitical events, and overall market trends.
Argosy |
These ASX mining shares are tanking hard right now, and heres why The Motley Fool Australia
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Argosy Minerals Fundamental Analysis
We analyze Argosy Minerals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Argosy Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Argosy Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Asset
Return On Asset Comparative Analysis
Argosy Minerals is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Argosy Minerals Potential Pair-trading
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 Argosy Minerals stock to make a market-neutral strategy. Peer analysis of Argosy Minerals could also be used in its relative valuation, which is a method of valuing Argosy Minerals by comparing valuation metrics with similar companies.
Peers
Argosy Minerals Related Equities
| ATM | Aneka Tambang | 0.00 |
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| DEG | De Grey | 1.05 |
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| NST | Northern Star | 2.07 |
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| EVN | Evolution Mining | 2.18 |
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| PRU | Perseus Mining | 2.55 |
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| BSL | Bluescope Steel | 2.91 |
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| SFR | Sandfire Resources | 3.31 |
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Additional Tools for Argosy Stock Analysis
When running Argosy Minerals' price analysis, check to measure Argosy Minerals' 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 Argosy Minerals is operating at the current time. Most of Argosy Minerals' value examination focuses on studying past and present price action to predict the probability of Argosy Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argosy Minerals' price. Additionally, you may evaluate how the addition of Argosy Minerals to your portfolios can decrease your overall portfolio volatility.