Argent Minerals Limited Stock Market Value
| ARDNF Stock | USD 0.04 0.00 0.00% |
| Symbol | Argent |
Argent 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 Argent Minerals' pink sheet 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 Argent Minerals.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Argent Minerals on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Argent Minerals Limited or generate 0.0% return on investment in Argent Minerals over 30 days. Argent Minerals Limited engages in the discovery, extraction, and marketing of precious and base metal properties in Aus... More
Argent 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 Argent Minerals' pink sheet 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 Argent Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.094 | |||
| Maximum Drawdown | 80.0 |
Argent Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argent Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argent Minerals' standard deviation. In reality, there are many statistical measures that can use Argent Minerals historical prices to predict the future Argent Minerals' volatility.| Risk Adjusted Performance | 0.086 | |||
| Jensen Alpha | 1.35 | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.45) |
Argent Minerals Backtested Returns
Argent Minerals is out of control given 3 months investment horizon. Argent Minerals secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate sixteen different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Argent Minerals mean deviation of 2.7, and Risk Adjusted Performance of 0.086 to evaluate company specific risk that cannot be diversified away. Argent Minerals holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.37, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Argent Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Argent Minerals is expected to outperform it. Use Argent Minerals mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to analyze future returns on Argent Minerals.
Auto-correlation | 1.00 |
Perfect predictability
Argent Minerals Limited has perfect predictability. Overlapping area represents the amount of predictability between Argent Minerals time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Argent Minerals price movement. The serial correlation of 1.0 indicates that 100.0% of current Argent Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Argent Minerals lagged returns against current returns
Autocorrelation, which is Argent Minerals pink sheet'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 Argent Minerals' pink sheet expected returns. We can calculate the autocorrelation of Argent Minerals returns to help us make a trade decision. For example, suppose you find that Argent Minerals has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
| Timeline |
Argent 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 Argent Minerals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argent Minerals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argent Minerals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Argent Minerals Lagged Returns
When evaluating Argent Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argent Minerals pink sheet have on its future price. Argent 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, Argent Minerals autocorrelation shows the relationship between Argent Minerals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Argent Minerals Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Argent Pink Sheet
Argent Minerals financial ratios help investors to determine whether Argent Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Argent with respect to the benefits of owning Argent Minerals security.