Argeo AS (Norway) Market Value
| ARGEO Stock | NOK 0.47 0.01 2.17% |
| Symbol | Argeo |
Argeo AS '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 Argeo AS'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 Argeo AS.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Argeo AS on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Argeo AS or generate 0.0% return on investment in Argeo AS over 90 days. Argeo AS is related to or competes with Akastor ASA, BW Offshore, Dno ASA, Eidesvik Offshore, and TGS NOPEC. Argeo AS provides various services and technical solutions to the surveying and inspection industry More
Argeo AS 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 Argeo AS'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 Argeo AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 132.12 | |||
| Value At Risk | (15.75) | |||
| Potential Upside | 9.41 |
Argeo AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argeo AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argeo AS's standard deviation. In reality, there are many statistical measures that can use Argeo AS historical prices to predict the future Argeo AS's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (1.99) | |||
| Total Risk Alpha | (4.15) | |||
| Treynor Ratio | (0.82) |
Argeo AS Backtested Returns
Argeo AS 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. Argeo AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argeo AS's risk adjusted performance of (0.10), and Mean Deviation of 6.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.02, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Argeo AS will likely underperform. At this point, Argeo AS has a negative expected return of -1.69%. Please make sure to confirm Argeo AS's total risk alpha and the relationship between the potential upside and price action indicator , to decide if Argeo AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Argeo AS has poor predictability. Overlapping area represents the amount of predictability between Argeo AS time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argeo AS price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Argeo AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.11 |
Argeo AS lagged returns against current returns
Autocorrelation, which is Argeo AS 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 Argeo AS's stock expected returns. We can calculate the autocorrelation of Argeo AS returns to help us make a trade decision. For example, suppose you find that Argeo AS 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 |
Argeo AS 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 Argeo AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argeo AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argeo AS stock over time.
Current vs Lagged Prices |
| Timeline |
Argeo AS Lagged Returns
When evaluating Argeo AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argeo AS stock have on its future price. Argeo AS 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, Argeo AS autocorrelation shows the relationship between Argeo AS stock current value and its past values and can show if there is a momentum factor associated with investing in Argeo AS.
Regressed Prices |
| Timeline |
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Argeo AS financial ratios help investors to determine whether Argeo 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 Argeo with respect to the benefits of owning Argeo AS security.