Argan Correlations
| AGX Stock | USD 61.63 0.01 0.02% |
The correlation of Argan 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 Argan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argan Inc 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.
Good diversification
The correlation between Argan Inc and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Argan Inc and NYA in the same portfolio, assuming nothing else is changed.
Argan |
The ability to find closely correlated positions to Argan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Argan 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 Argan - 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 Argan Inc to buy it.
Moving together with Argan Stock
| 0.66 | EME | EMCOR Group Earnings Call Tomorrow | PairCorr |
| 0.63 | GVA | Granite Construction Financial Report 7th of May 2024 | PairCorr |
| 0.61 | PWR | Quanta Services Financial Report 2nd of May 2024 | PairCorr |
Moving against Argan Stock
| 0.73 | VATE | Innovate Corp | PairCorr |
| 0.43 | WLGS | Wang Lee Group Report 20th of May 2024 | PairCorr |
| 0.8 | NVEE | NV5 Global Financial Report 2nd of May 2024 | PairCorr |
| 0.8 | BBCP | Concrete Pumping Holdings Financial Report 13th of June 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Argan without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Argan Corporate Directors
Argan corporate directors refer to members of an Argan board of directors. The board of directors generally takes responsibility for the Argan's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Argan's board members must vote for the resolution. The Argan board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Henry Crumpton | Independent Director | Profile | |
| Mano Koilpillai | Independent Director | Profile | |
| William Leimkuhler | Independent Director | Profile | |
| John Jeffrey | Independent Director | Profile |
Already Invested in Argan Inc?
The danger of trading Argan Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Argan is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Argan. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Argan Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Argan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Argan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Argan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Argan Inc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Argan Inc information on this page should be used as a complementary analysis to other Argan'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Argan's price analysis, check to measure Argan'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 Argan is operating at the current time. Most of Argan's value examination focuses on studying past and present price action to predict the probability of Argan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argan's price. Additionally, you may evaluate how the addition of Argan to your portfolios can decrease your overall portfolio volatility.
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Is Argan'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 Argan. If investors know Argan 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 Argan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 1.1 | Earnings Share 2.39 | Revenue Per Share 42.898 | Quarterly Revenue Growth 0.385 |
The market value of Argan Inc is measured differently than its book value, which is the value of Argan that is recorded on the company's balance sheet. Investors also form their own opinion of Argan's value that differs from its market value or its book value, called intrinsic value, which is Argan'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 Argan's market value can be influenced by many factors that don't directly affect Argan'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 Argan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argan'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.