Argo Blockchain Correlations
| ARBK Stock | USD 0.40 0.10 20.00% |
The current 90-days correlation between Argo Blockchain PLC and Argo Blockchain PLC is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Argo Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argo Blockchain PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Argo Blockchain Correlation With Market
Average diversification
The correlation between Argo Blockchain PLC and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argo Blockchain PLC and DJI in the same portfolio, assuming nothing else is changed.
Moving against Argo Stock
| 0.44 | ALLY | Ally Financial | PairCorr |
| 0.41 | GS | Goldman Sachs Group | PairCorr |
| 0.41 | DHIL | Diamond Hill Investment | PairCorr |
| 0.4 | CSWC | Capital Southwest | PairCorr |
| 0.37 | AXP | American Express | PairCorr |
| 0.37 | MAIN | Main Street Capital | PairCorr |
| 0.37 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.36 | SCM | Stellus Capital Inve | PairCorr |
| 0.35 | L | Loews Corp Earnings Call This Week | PairCorr |
| 0.34 | COF | Capital One Financial Earnings Call Today | PairCorr |
| 0.34 | C | Citigroup Aggressive Push | PairCorr |
| 0.32 | TSLX | Sixth Street Specialty | PairCorr |
| 0.45 | IX | Orix Corp Ads | PairCorr |
| 0.42 | TD | Toronto Dominion Bank | PairCorr |
| 0.4 | LC | LendingClub Corp Earnings Call This Week | PairCorr |
| 0.39 | SF | Stifel Financial Earnings Call Today | PairCorr |
| 0.38 | KB | KB Financial Group | PairCorr |
| 0.37 | RF | Regions Financial Normal Trading | PairCorr |
| 0.35 | QD | Qudian Inc | PairCorr |
| 0.34 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.34 | MS | Morgan Stanley | PairCorr |
| 0.34 | RM | Regional Management Corp | PairCorr |
| 0.32 | CM | Canadian Imperial Bank | PairCorr |
Related Correlations Analysis
| -0.05 | 0.98 | 0.9 | 0.25 | 0.92 | 0.88 | CIFR | ||
| -0.05 | -0.01 | 0.14 | -0.2 | 0.11 | 0.02 | ARBKF | ||
| 0.98 | -0.01 | 0.9 | 0.1 | 0.93 | 0.81 | IREN | ||
| 0.9 | 0.14 | 0.9 | 0.17 | 0.99 | 0.87 | WULF | ||
| 0.25 | -0.2 | 0.1 | 0.17 | 0.15 | 0.54 | BITF | ||
| 0.92 | 0.11 | 0.93 | 0.99 | 0.15 | 0.86 | HUT | ||
| 0.88 | 0.02 | 0.81 | 0.87 | 0.54 | 0.86 | HIVE | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Argo Stock performing well and Argo Blockchain Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Argo Blockchain's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CIFR | 4.61 | 1.29 | 0.36 | 0.59 | 3.59 | 12.21 | 28.91 | |||
| ARBKF | 13.20 | 2.90 | 0.15 | 6.00 | 14.39 | 33.33 | 120.00 | |||
| IREN | 3.27 | 1.65 | 0.55 | 1.00 | 2.08 | 8.52 | 16.04 | |||
| WULF | 5.45 | 1.36 | 0.24 | (4.08) | 4.38 | 15.53 | 27.45 | |||
| BITF | 3.45 | 0.44 | 0.11 | 0.41 | 3.56 | 8.65 | 25.79 | |||
| HUT | 4.13 | 1.03 | 0.24 | (5.79) | 3.25 | 11.74 | 21.75 | |||
| HIVE | 3.12 | 0.51 | 0.19 | 0.40 | 2.53 | 10.44 | 21.09 |
Argo Blockchain Corporate Management
| Jean Esquier | VP Development | Profile | |
| Alana Marks | Vice Culture | Profile | |
| Seif ElBakly | Chief Officer | Profile | |
| Sebastien Chalus | Chief Officer | Profile | |
| CA CFA | Chief Officer | Profile | |
| Alex CA | Principal CFO | Profile | |
| Tom Divine | VP Relations | Profile |