Argen X (Belgium) Price on April 29, 2024
| ARGX Stock | EUR 354.60 1.80 0.51% |
If you're considering investing in Argen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Argen X stands at 354.60, as last reported on the 8th of June, with the highest price reaching 359.50 and the lowest price hitting 353.20 during the day. We consider Argen X very steady. Argen X secures Sharpe Ratio (or Efficiency) of 0.0041, which signifies that the company had a 0.0041% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Argen X, which you can use to evaluate the volatility of the firm. Please confirm Argen X's mean deviation of 1.55, and Risk Adjusted Performance of 0.0153 to double-check if the risk estimate we provide is consistent with the expected return of 0.0107%.
Argen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Argen |
Sharpe Ratio = 0.0041
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Estimated Market Risk
| 2.58 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Argen X is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Argen X by adding Argen X to a well-diversified portfolio.
Argen X Valuation on April 29, 2024
It is possible to determine the worth of Argen X on a given historical date. On April 29, 2024 Argen was worth 349.3 at the beginning of the trading date compared to the closed value of 348.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Argen X stock. Still, in general, we apply an absolute valuation method to find Argen X's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Argen X where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Argen X's related companies.
| Open | High | Low | Close | Volume | |
| 346.00 | 351.80 | 342.00 | 349.30 | 36,901 | |
04/29/2024 | 349.30 | 354.70 | 343.90 | 348.50 | 29,188 |
| 349.20 | 354.50 | 347.20 | 350.80 | 40,696 |
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Argen X Trading Date Momentum on April 29, 2024
| On April 30 2024 Argen X was traded for 350.80 at the closing time. The highest price during the trading period was 354.50 and the lowest recorded bid was listed for 347.20 . The volume for the day was 40.7 K. This history from April 30, 2024 contributed to the next trading day price gain. The overall trading delta to the next closing price was 0.66% . The overall trading delta to the current price is 0.17% . |
Argen X Fundamentals Correlations and Trends
By evaluating Argen X's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Argen X's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Argen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Argen X Stock history
Argen X investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Argen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Argen X will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Argen X stock prices may prove useful in developing a viable investing in Argen X
argenx SE, a biotechnology company, focuses on developing various therapies for the treatment of autoimmune diseases in the United States, the Netherlands, Belgium, Japan, Switzerland, Germany and France. Ltd, Universit Catholique de Louvain, Sopartec S.A., NYU Langone Health, Leiden University Medical Center, AgomAb Therapeutics NV, Broteio Pharma B.V., University of Texas, BioWa, Inc., Cilag GmbH International, Staten Biotechnology B.V., and Shire International GmbH. argenx SE was incorporated in 2008 and is based in Breda, the Netherlands. ARGENX SE operates under Pharmaceuticals And Biosciences classification in Belgium and is traded on Brussels Stock Exchange. It employs 650 people.
Argen X Stock Technical Analysis
Argen X 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.
Price Boundaries
Argen X Period Price Range
Low | April 29, 2024
| High |
349.30 | 348.50 |
Argen X June 8, 2024 Market Strength
Market strength indicators help investors to evaluate how Argen X stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Argen X shares will generate the highest return on investment. By undertsting and applying Argen X stock market strength indicators, traders can identify Argen X entry and exit signals to maximize returns
Argen X Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Argen X's price direction in advance. Along with the technical and fundamental analysis of Argen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Argen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0153 | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | (0.12) |
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Additional Tools for Argen Stock Analysis
When running Argen X's price analysis, check to measure Argen X'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 Argen X is operating at the current time. Most of Argen X's value examination focuses on studying past and present price action to predict the probability of Argen X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argen X's price. Additionally, you may evaluate how the addition of Argen X to your portfolios can decrease your overall portfolio volatility.