Largo Financial Statements From 2010 to 2026
| LGO Stock | CAD 1.31 0.02 1.55% |
Check Largo Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Largo Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Largo financial statements analysis is a perfect complement when working with Largo Resources Valuation or Volatility modules.
Largo |
Largo Resources Company Return On Asset Analysis
Largo Resources' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Largo Resources Return On Asset | -0.0232 |
Most of Largo Resources' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Largo Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Largo Resources has a Return On Asset of -0.0232. This is 103.14% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all Canada stocks is 83.43% lower than that of the firm.
Largo Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Largo Resources's current stock value. Our valuation model uses many indicators to compare Largo Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Largo Resources competition to find correlations between indicators driving Largo Resources's intrinsic value. More Info.Largo Resources is rated below average in return on equity category among its peers. It is currently regarded as number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Largo Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Largo Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Largo Resources Financial Statements
Largo Resources investors utilize fundamental indicators, such as revenue or net income, to predict how Largo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of mining and exploration properties in Brazil and Canada. Largo Resources Ltd. was incorporated in 1988 and is headquartered in Toronto, Canada. LARGO RESOURCES operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 379 people.
Pair Trading with Largo Resources
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 Largo Resources 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 Largo Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Largo Stock
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| 0.38 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources 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 Largo Resources - 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 Largo Resources to buy it.
The correlation of Largo Resources 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 Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo Resources 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 Largo Resources 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 the analysis of Largo Resources Correlation against competitors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.