Luis Rendon - Largo Resources CoChief Officer
| LGO Stock | CAD 1.99 0.15 8.15% |
Executive
Luis Rendon is CoChief Officer of Largo Resources
| Phone | 416 861 9797 |
| Web | https://www.largoinc.com |
Largo Resources Management Efficiency
The company has return on total asset (ROA) of (0.0232) % which means that it has lost $0.0232 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3841) %, meaning that it generated substantial loss on money invested by shareholders. Largo Resources' management efficiency ratios could be used to measure how well Largo Resources manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0232 |
Largo Resources Leadership Team
Elected by the shareholders, the Largo Resources' board of directors comprises two types of representatives: Largo Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Largo. The board's role is to monitor Largo Resources' management team and ensure that shareholders' interests are well served. Largo Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Largo Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ernest Cleave, Chief Financial Officer | ||
| Koko Yamamoto, Independent Director | ||
| David Harris, Corporate Controller | ||
| Diogo Silva, Chief Officer | ||
| Jesus Arias, CoCEO Chairman | ||
| Celio Pereira, Chief Brazil | ||
| Paulo Misk, President, Chief Executive Officer, Director | ||
| Paul Vollant, Director Trading | ||
| Gordon PEng, CoChief Officers | ||
| Jonathan Lee, Independent Director | ||
| Kurt Menchen, Advisor | ||
| Luis Rendon, CoChief Officer | ||
| Alex Guthrie, Director Relations | ||
| Mark Smith, Chief Executive Officer, Director | ||
| Daniel Tellechea, Independent Director | ||
| Nilson Chaves, Vice President - Finance and Administration, Vanadio | ||
| David Brace, Independent Director | ||
| Francesco DAlessio, President Energy | ||
| Alvaro Resende, Production Director | ||
| Liz Valente, General Secretary | ||
| Alberto Arias, Non-Executive Independent Chairman of the Board |
Largo Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Largo Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0232 | ||||
| Profit Margin | (0.57) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 292.09 M | ||||
| Shares Outstanding | 83.67 M | ||||
| Shares Owned By Insiders | 0.17 % | ||||
| Shares Owned By Institutions | 52.82 % | ||||
| Number Of Shares Shorted | 999.77 K | ||||
| Price To Earning | 7.69 X |
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
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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.