Largo Average Inventory from 2010 to 2026
| LGO Stock | USD 1.45 0.02 1.40% |
Average Inventory | First Reported 2010-12-31 | Previous Quarter 25.4 M | Current Value 26.7 M | Quarterly Volatility 12 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 Other Operating Expenses of 206.7 M, Total Operating Expenses of 30.6 M or Depreciation And Amortization of 34.6 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 | Average Inventory | Build AI portfolio with Largo Stock |
Evaluating Largo Resources's Average Inventory 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' Average Inventory Growth Pattern
Below is the plot of the Average Inventory of Largo Resources over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. Largo Resources' Average Inventory 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.
| Average Inventory | 10 Years Trend |
|
Average Inventory |
| Timeline |
Largo Average Inventory Regression Statistics
| Arithmetic Mean | 15,079,975 | |
| Geometric Mean | 5,493,021 | |
| Coefficient Of Variation | 79.61 | |
| Mean Deviation | 10,617,309 | |
| Median | 15,867,938 | |
| Standard Deviation | 12,005,874 | |
| Sample Variance | 144.1T | |
| Range | 28.3M | |
| R-Value | 0.93 | |
| Mean Square Error | 19.5T | |
| R-Squared | 0.87 | |
| Slope | 2,221,923 | |
| Total Sum of Squares | 2306.3T |
Largo Average Inventory History
About Largo Resources Financial Statements
Largo Resources investors utilize fundamental indicators, such as Average Inventory, 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 | ||
| Average Inventory | 25.4 M | 26.7 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
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Will Diversified Metals & Mining sector continue expanding? Could Largo diversify its offerings? Factors like these will boost the valuation of Largo Resources. Expected growth trajectory for Largo significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Largo Resources data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 1.153 | Earnings Share (0.99) | Revenue Per Share | Quarterly Revenue Growth 0.112 | Return On Assets |
Investors evaluate Largo Resources using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Largo Resources' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Largo Resources' market price to deviate significantly from intrinsic value.
Understanding that Largo Resources' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Largo Resources represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Conversely, Largo Resources' market price signifies the transaction level at which participants voluntarily complete trades.