Largo Net Income Applicable To Common Shares from 2010 to 2026
| LGO Stock | CAD 2.25 0.23 11.39% |
Net Loss | First Reported 2016-12-31 | Previous Quarter -5.7 M | Current Value -36.6 M | Quarterly Volatility 30.3 M |
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 Interest Expense of 6 M, Selling General Administrative of 27.8 M or Other Operating Expenses of 206.7 M, as well as many indicators such as Price To Sales Ratio of 1.35, Dividend Yield of 0.0 or PTB Ratio of 0.8. Largo financial statements analysis is a perfect complement when working with Largo Resources Valuation or Volatility modules.
Largo | Net Income Applicable To Common Shares |
Evaluating Largo Resources's Net Income Applicable To Common Shares across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Largo Resources's fundamental strength.
Latest Largo Resources' Net Income Applicable To Common Shares Growth Pattern
Below is the plot of the Net Income Applicable To Common Shares of Largo Resources over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Largo Resources' Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Largo Resources' overall financial position and show how it may be relating to other accounts over time.
| Net Income Applicable To Common Shares | 10 Years Trend |
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Net Income Applicable To Common Shares |
| Timeline |
Largo Net Income Applicable To Common Shares Regression Statistics
| Arithmetic Mean | (8,171,643) | |
| Geometric Mean | 24,723,444 | |
| Coefficient Of Variation | (1,086) | |
| Mean Deviation | 44,296,891 | |
| Median | (11,576,000) | |
| Standard Deviation | 88,712,715 | |
| Sample Variance | 7869.9T | |
| Range | 414.9M | |
| R-Value | (0.04) | |
| Mean Square Error | 8379T | |
| R-Squared | 0 | |
| Significance | 0.87 | |
| Slope | (757,326) | |
| Total Sum of Squares | 125919.1T |
Largo Net Income Applicable To Common Shares History
About Largo Resources Financial Statements
Largo Resources investors utilize fundamental indicators, such as Net Income Applicable To Common Shares, 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.
| Last Reported | Projected for Next Year | ||
| Net Loss | -57.3 M | -54.4 M |
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 together with Largo Stock
| 0.76 | AG | First Majestic Silver | PairCorr |
| 0.74 | IE | Ivanhoe Energy | PairCorr |
| 0.76 | ORE | Orezone Gold Corp | PairCorr |
| 0.73 | FDY | Faraday Copper Corp | PairCorr |
Moving against Largo Stock
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.