| ARGO Stock | | | 4.00 0.00 0.00% |
Argo Group financial indicator trend analysis is way more than just evaluating Argo Group Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argo Group Limited is a good investment. Please check the relationship between Argo Group Cost Of Revenue and its Other Operating Expenses accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cost Of Revenue vs Other Operating Expenses
Cost Of Revenue vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Argo Group Limited Cost Of Revenue account and
Other Operating Expenses. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Argo Group's Cost Of Revenue and Other Operating Expenses is 0.1. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Argo Group Limited, assuming nothing else is changed. The correlation between historical values of Argo Group's Cost Of Revenue and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Argo Group Limited are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Cost Of Revenue i.e., Argo Group's Cost Of Revenue and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.1 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cost Of Revenue
Cost of Revenue is found on Argo Group Limited income statement and represents the costs associated with goods and services Argo Group provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Argo Group Limited. It is also known as Argo Group overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most indicators from Argo Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argo Group Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Selling General Administrative is likely to drop to about 445
K in 2024
Argo Group fundamental ratios Correlations
Click cells to compare fundamentals
Argo Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Argo Group fundamental ratios Accounts
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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.