Argent (South Africa) Market Value
| ART Stock | 2,742 17.00 0.62% |
| Symbol | Argent |
Argent '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'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 Argent.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in Argent on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding Argent or generate 0.0% return on investment in Argent over 90 days. Argent is related to or competes with Astoria Investments, HomeChoice Investments, African Media, EMedia Holdings, Frontier Transport, and ABSA Bank. More
Argent 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'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 Argent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.83 |
Argent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argent's standard deviation. In reality, there are many statistical measures that can use Argent historical prices to predict the future Argent's volatility.| Risk Adjusted Performance | 0.0507 | |||
| Jensen Alpha | 0.0954 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.71) |
Argent Backtested Returns
At this point, Argent is very steady. Argent secures Sharpe Ratio (or Efficiency) of 0.0582, which signifies that the company had a 0.0582% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Argent, which you can use to evaluate the volatility of the firm. Please confirm Argent's risk adjusted performance of 0.0507, and Mean Deviation of 1.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.0884%. Argent has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Argent are expected to decrease at a much lower rate. During the bear market, Argent is likely to outperform the market. Argent right now shows a risk of 1.52%. Please confirm Argent total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Argent will be following its price patterns.
Auto-correlation | 0.41 |
Average predictability
Argent has average predictability. Overlapping area represents the amount of predictability between Argent time series from 16th of September 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Argent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2970.3 |
Argent lagged returns against current returns
Autocorrelation, which is Argent 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 Argent's stock expected returns. We can calculate the autocorrelation of Argent returns to help us make a trade decision. For example, suppose you find that Argent 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 |
Argent 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argent stock over time.
Current vs Lagged Prices |
| Timeline |
Argent Lagged Returns
When evaluating Argent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argent stock have on its future price. Argent 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 autocorrelation shows the relationship between Argent stock current value and its past values and can show if there is a momentum factor associated with investing in Argent.
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.Other Information on Investing in Argent Stock
Argent financial ratios help investors to determine whether Argent 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 Argent with respect to the benefits of owning Argent security.