Correlation Between Argo Blockchain and TR Property

Can any of the company-specific risk be diversified away by investing in both Argo Blockchain and TR Property at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Argo Blockchain and TR Property into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Argo Blockchain PLC and TR Property Investment, you can compare the effects of market volatilities on Argo Blockchain and TR Property and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Argo Blockchain with a short position of TR Property. Check out your portfolio center. Please also check ongoing floating volatility patterns of Argo Blockchain and TR Property.

Diversification Opportunities for Argo Blockchain and TR Property

-0.3

Correlation Coefficient

Argo Blockchain  TR Property

Very good diversification

The 3 months correlation between Argo and TRY is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding Argo Blockchain PLC and TR Property Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TR Property Investment and Argo Blockchain is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Argo Blockchain PLC are associated (or correlated) with TR Property. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TR Property Investment has no effect on the direction of Argo Blockchain i.e., Argo Blockchain and TR Property go up and down completely randomly.

Pair Corralation between Argo Blockchain and TR Property

Assuming the 90 days trading horizon Argo Blockchain PLC is expected to generate 24.84 times more return on investment than TR Property. However, Argo Blockchain is 24.84 times more volatile than TR Property Investment. It trades about 0.1 of its potential returns per unit of risk. TR Property Investment is currently generating about 0.2 per unit of risk. If you would invest  288.00  in Argo Blockchain PLC on April 24, 2025 and sell it today you would earn a total of  12.00  from holding Argo Blockchain PLC or generate 4.17% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	90.32%
Values	Daily Returns

Argo Blockchain PLC  vs.  TR Property Investment

Argo Blockchain PLC

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Argo Blockchain PLC are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain technical and fundamental indicators, Argo Blockchain exhibited solid returns over the last few months and may actually be approaching a breakup point.

TR Property Investment

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in TR Property Investment are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather uncertain technical and fundamental indicators, TR Property may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with Argo Blockchain and TR Property

The main advantage of trading using opposite Argo Blockchain and TR Property positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Argo Blockchain position performs unexpectedly, TR Property can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TR Property will offset losses from the drop in TR Property's long position.

The idea behind Argo Blockchain PLC and TR Property Investment pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..