Argo Properties (Israel) Market Value
| ARGO Stock | 10,360 260.00 2.57% |
| Symbol | Argo |
Argo Properties '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 Properties' 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 Properties.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Argo Properties on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Argo Properties NV or generate 0.0% return on investment in Argo Properties over 30 days. Argo Properties is related to or competes with Cellcom Israel, Israel Canada, Azrieli, Amot Investments, and Melisron. More
Argo Properties 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 Properties' 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 Properties NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.1268 | |||
| Maximum Drawdown | 11.72 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.54 |
Argo Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argo Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argo Properties' standard deviation. In reality, there are many statistical measures that can use Argo Properties historical prices to predict the future Argo Properties' volatility.| Risk Adjusted Performance | 0.1423 | |||
| Jensen Alpha | 0.359 | |||
| Total Risk Alpha | 0.0501 | |||
| Sortino Ratio | 0.1221 | |||
| Treynor Ratio | 3.33 |
Argo Properties NV Backtested Returns
Argo Properties appears to be very steady, given 3 months investment horizon. Argo Properties NV secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Argo Properties NV, which you can use to evaluate the volatility of the firm. Please makes use of Argo Properties' risk adjusted performance of 0.1423, and Mean Deviation of 1.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Argo Properties holds a performance score of 11. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Argo Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Argo Properties is expected to be smaller as well. Please check Argo Properties' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Argo Properties' price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Argo Properties NV has average predictability. Overlapping area represents the amount of predictability between Argo Properties time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Properties NV price movement. The serial correlation of 0.47 indicates that about 47.0% of current Argo Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 52.3 K |
Argo Properties NV lagged returns against current returns
Autocorrelation, which is Argo Properties 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 Properties' stock expected returns. We can calculate the autocorrelation of Argo Properties returns to help us make a trade decision. For example, suppose you find that Argo Properties 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 Properties 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 Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argo Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Argo Properties Lagged Returns
When evaluating Argo Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argo Properties stock have on its future price. Argo Properties 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 Properties autocorrelation shows the relationship between Argo Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Argo Properties NV.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Argo Stock
Argo Properties financial ratios help investors to determine whether Argo Stock 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 Argo with respect to the benefits of owning Argo Properties security.