Argo Group International Preferred Stock Market Value
| ARGO-PA Preferred Stock | USD 24.87 0.19 0.77% |
| 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 preferred 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.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Argo Group on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Argo Group International or generate 0.0% return on investment in Argo Group over 90 days. Argo Group is related to or competes with Loews Corp, Chubb, American Financial, Allstate, Bowhead Specialty, CNA Financial, and HCI. Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and cas... 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 preferred 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 International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3665 | |||
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.77 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.6224 |
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 | 0.0865 | |||
| Jensen Alpha | 0.0406 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | (0.72) |
Argo Group International Backtested Returns
At this point, Argo Group is very steady. Argo Group International secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Argo Group International, which you can use to evaluate the volatility of the firm. Please confirm Argo Group's mean deviation of 0.2495, and Risk Adjusted Performance of 0.0865 to double-check if the risk estimate we provide is consistent with the expected return of 0.0413%. Argo Group has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0476, 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. Argo Group International right now shows a risk of 0.34%. Please confirm Argo Group International semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Argo Group International will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
Argo Group International has modest predictability. Overlapping area represents the amount of predictability between Argo Group time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 International price movement. The serial correlation of 0.53 indicates that about 53.0% of current Argo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Argo Group International lagged returns against current returns
Autocorrelation, which is Argo Group preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argo Group preferred 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 preferred 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 preferred 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 preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Argo Group International.
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 Preferred Stock
Argo Group financial ratios help investors to determine whether Argo Preferred 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 Group security.