Argenx Nv Adr Stock Market Value
| ARGX Stock | USD 360.23 1.82 0.51% |
| Symbol | Argenx |
argenx NV ADR Price To Book Ratio
Is Argenx NV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Argenx NV. If investors know Argenx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Argenx NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.15) | Revenue Per Share 0.8876 | Quarterly Revenue Growth 1.349 | Return On Assets (0.07) | Return On Equity (0.09) |
The market value of argenx NV ADR is measured differently than its book value, which is the value of Argenx that is recorded on the company's balance sheet. Investors also form their own opinion of Argenx NV's value that differs from its market value or its book value, called intrinsic value, which is Argenx NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Argenx NV's market value can be influenced by many factors that don't directly affect Argenx NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Argenx NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argenx NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argenx NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Argenx NV '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 Argenx NV'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 Argenx NV.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Argenx NV on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding argenx NV ADR or generate 0.0% return on investment in Argenx NV over 300 days. Argenx NV is related to or competes with Blueprint Medicines, Amylyx Pharmaceuticals, Day One, Terns Pharmaceuticals, Apellis Pharmaceuticals, Legend BiotechCorp, and Zai Lab. argenx SE, a biotechnology company, focuses on developing various therapies for the treatment of autoimmune diseases in ... More
Argenx NV 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 Argenx NV'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 argenx NV ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 3.55 |
Argenx NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argenx NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argenx NV's standard deviation. In reality, there are many statistical measures that can use Argenx NV historical prices to predict the future Argenx NV's volatility.| Risk Adjusted Performance | (0.0008) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Argenx NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
argenx NV ADR Backtested Returns
argenx NV ADR secures Sharpe Ratio (or Efficiency) of -0.0046, which signifies that the company had a -0.0046% return per unit of standard deviation over the last 3 months. argenx NV ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argenx NV's Mean Deviation of 1.31, coefficient of variation of (7,660), and Risk Adjusted Performance of (0.0008) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Argenx NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Argenx NV is expected to be smaller as well. argenx NV ADR has an expected return of -0.0101%. Please make sure to confirm argenx NV ADR maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if argenx NV ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
argenx NV ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Argenx NV time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd of April 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 argenx NV ADR price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Argenx NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 923.63 |
argenx NV ADR lagged returns against current returns
Autocorrelation, which is Argenx NV 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 Argenx NV's stock expected returns. We can calculate the autocorrelation of Argenx NV returns to help us make a trade decision. For example, suppose you find that Argenx NV 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 |
Argenx NV 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 Argenx NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argenx NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argenx NV stock over time.
Current vs Lagged Prices |
| Timeline |
Argenx NV Lagged Returns
When evaluating Argenx NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argenx NV stock have on its future price. Argenx NV 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, Argenx NV autocorrelation shows the relationship between Argenx NV stock current value and its past values and can show if there is a momentum factor associated with investing in argenx NV ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Argenx NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Argenx NV's short interest history, or implied volatility extrapolated from Argenx NV options trading.
Pair Trading with Argenx NV
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Argenx NV position performs unexpectedly, the other equity 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 Argenx NV will appreciate offsetting losses from the drop in the long position's value.Moving against Argenx Stock
| 0.45 | ELYM | Eliem Therapeutics | PairCorr |
The ability to find closely correlated positions to Argenx NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argenx NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Argenx NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling argenx NV ADR to buy it.
The correlation of Argenx NV is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Argenx NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if argenx NV ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Argenx NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Argenx NV Correlation, Argenx NV Volatility and Argenx NV Alpha and Beta module to complement your research on Argenx NV. Note that the argenx NV ADR information on this page should be used as a complementary analysis to other Argenx NV's statistical models used 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Argenx Stock analysis
When running Argenx NV's price analysis, check to measure Argenx NV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Argenx NV is operating at the current time. Most of Argenx NV's value examination focuses on studying past and present price action to predict the probability of Argenx NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argenx NV's price. Additionally, you may evaluate how the addition of Argenx NV to your portfolios can decrease your overall portfolio volatility.
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Argenx NV technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.