Argosy Minerals (Australia) Market Value
| AGY Stock | 0.03 0 3.45% |
| Symbol | Argosy |
Argosy Minerals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Argosy Minerals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Argosy Minerals.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Argosy Minerals on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Argosy Minerals or generate 0.0% return on investment in Argosy Minerals over 30 days. Argosy Minerals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Argosy Minerals is entity of Australia. It is traded as Stock on AU exchange. More
Argosy Minerals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Argosy Minerals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Argosy Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 19.35 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 5.26 |
Argosy Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argosy Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argosy Minerals' standard deviation. In reality, there are many statistical measures that can use Argosy Minerals historical prices to predict the future Argosy Minerals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.5353 |
Argosy Minerals Backtested Returns
Argosy Minerals secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Argosy Minerals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argosy Minerals' risk adjusted performance of (0.09), and Mean Deviation of 2.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.97, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Argosy Minerals are expected to decrease slowly. On the other hand, during market turmoil, Argosy Minerals is expected to outperform it slightly. At this point, Argosy Minerals has a negative expected return of -0.6%. Please make sure to confirm Argosy Minerals' coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Argosy Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Argosy Minerals has modest predictability. Overlapping area represents the amount of predictability between Argosy Minerals time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argosy Minerals price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Argosy Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Argosy Minerals lagged returns against current returns
Autocorrelation, which is Argosy Minerals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Argosy Minerals' stock expected returns. We can calculate the autocorrelation of Argosy Minerals returns to help us make a trade decision. For example, suppose you find that Argosy Minerals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Argosy Minerals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Argosy Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argosy Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argosy Minerals stock over time.
Current vs Lagged Prices |
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Argosy Minerals Lagged Returns
When evaluating Argosy Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argosy Minerals stock have on its future price. Argosy Minerals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Argosy Minerals autocorrelation shows the relationship between Argosy Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Argosy Minerals.
Regressed Prices |
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Thematic Opportunities
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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.