Argo Group (UK) Market Value
| ARGO Stock | 4.00 0.25 6.67% |
| Symbol | Argo |
Argo Group '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 Argo Group's 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 Argo Group.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Argo Group on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Argo Group Limited or generate 0.0% return on investment in Argo Group over 30 days. Argo Group is related to or competes with Allianz Technology, Uber Technologies, UNIQA Insurance, Lendinvest PLC, L3Harris Technologies, Prudential Financial, and Sunny Optical. Argo Group is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Argo Group 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 Argo Group's 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 Argo Group Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 20.54 | |||
| Value At Risk | (8.33) |
Argo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Group's standard deviation. In reality, there are many statistical measures that can use Argo Group historical prices to predict the future Argo Group's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | 10.55 |
Argo Group Limited Backtested Returns
Argo Group Limited secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of standard deviation over the last 3 months. Argo Group Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argo Group's mean deviation of 1.63, and Risk Adjusted Performance of (0.1) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0518, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Argo Group are expected to decrease at a much lower rate. During the bear market, Argo Group is likely to outperform the market. At this point, Argo Group Limited has a negative expected return of -0.54%. Please make sure to confirm Argo Group's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Argo Group Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Argo Group Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Argo Group time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Argo Group Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Argo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Argo Group Limited lagged returns against current returns
Autocorrelation, which is Argo Group 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 Argo Group's stock expected returns. We can calculate the autocorrelation of Argo Group returns to help us make a trade decision. For example, suppose you find that Argo Group 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 |
| Timeline |
Argo Group 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 Argo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argo Group stock over time.
Current vs Lagged Prices |
| Timeline |
Argo Group Lagged Returns
When evaluating Argo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Group stock have on its future price. Argo Group 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, Argo Group autocorrelation shows the relationship between Argo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Argo Group Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Argo Stock Analysis
When running Argo Group's price analysis, check to measure Argo Group's 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 Argo Group is operating at the current time. Most of Argo Group's value examination focuses on studying past and present price action to predict the probability of Argo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argo Group's price. Additionally, you may evaluate how the addition of Argo Group to your portfolios can decrease your overall portfolio volatility.