Argo Blockchain Correlations

ARBKL Stock

USD 2.87 0.01 0.35%

The current 90-days correlation between Argo Blockchain plc and Luxfer Holdings PLC is -0.01 (i.e., Good 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

Good diversification

The correlation between Argo Blockchain plc and DJI is -0.05 (i.e., Good 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.

Build AI portfolio with Argo Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Blockchain plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving against Argo Stock

0.38	TRTN-PD	Triton International	Pair Corr
0.36	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.36	TRTN-PE	Triton International	Pair Corr
0.35	TRTN-PC	Triton International	Pair Corr
0.59	QMCI	Quotemedia	Pair Corr
0.37	RILYZ	B Riley Financial	Pair Corr
0.31	TRTN-PB	Triton International	Pair Corr
0.31	DFSC	DFSC Symbol Change	Pair Corr

Related Correlations Analysis

	LXFR	GEVO	CELH	KO	MJWNY	WVVIP	SEE
LXFR		0.51	0.4	-0.13	0.8	-0.48	0.91	LXFR
GEVO	0.51		0.42	0.04	0.31	-0.14	0.49	GEVO
CELH	0.4	0.42		-0.16	0.42	-0.71	0.39	CELH
KO	-0.13	0.04	-0.16		-0.15	0.13	-0.01	KO
MJWNY	0.8	0.31	0.42	-0.15		-0.65	0.87	MJWNY
WVVIP	-0.48	-0.14	-0.71	0.13	-0.65		-0.6	WVVIP
SEE	0.91	0.49	0.39	-0.01	0.87	-0.6		SEE
	LXFR	GEVO	CELH	KO	MJWNY	WVVIP	SEE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SEE	+ 0.91	LXFR
SEE	+ 0.87	MJWNY
MJWNY	+ 0.8	LXFR
GEVO	+ 0.51	LXFR
SEE	+ 0.49	GEVO
CELH	+ 0.42	GEVO

High negative correlations

WVVIP	- 0.71	CELH
WVVIP	- 0.65	MJWNY
SEE	- 0.6	WVVIP
WVVIP	- 0.48	LXFR
KO	- 0.16	CELH
MJWNY	- 0.15	KO

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
LXFR	1.92	0.35	0.16	0.50	1.69	(2.24)	5.00	(2.90)	13.86
GEVO	3.70	0.63	0.13	1.72	3.86	(4.33)	6.86	(7.03)	19.68
CELH	2.11	0.55	0.19	(1.45)	1.91	(2.54)	5.66	(3.94)	15.61
KO	0.91	0.03	(0.07)	(0.36)	1.18	(0.91)	1.84	(1.70)	7.02
MJWNY	0.71	0.22	0.00	(0.68)	0.00	0.00	0.00	0.00	20.15
WVVIP	1.78	(0.15)	0.00	(5.03)	0.00	0.00	3.47	(4.03)	12.04
SEE	1.87	0.41	0.24	0.47	1.45	(2.45)	3.68	(2.05)	19.12

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC