Loncor Historical Financial Ratios
| LN Stock | CAD 0.46 0.01 2.22% |
Loncor Resources is lately reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 855 will help investors to properly organize and evaluate Loncor Resources financial condition quickly.
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About Loncor Financial Ratios Analysis
Loncor ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Loncor Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Loncor financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Loncor Resources history.
Loncor Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Loncor Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Loncor Resources sales, a figure that is much harder to manipulate than other Loncor Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.Most ratios from Loncor Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Loncor Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loncor 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 estimate. At this time, Loncor Resources' Average Inventory is very stable compared to the past year. As of the 2nd of December 2024, Capex To Revenue is likely to grow to 822.90, while PTB Ratio is likely to drop 1.81.
| 2023 | 2024 (projected) | Days Sales Outstanding | 814.12 | 854.83 | PTB Ratio | 1.91 | 1.81 |
Loncor Resources fundamentals Correlations
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Loncor Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Loncor 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 Loncor 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 Loncor Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Loncor Stock
| 0.67 | AG | First Majestic Silver | PairCorr |
| 0.84 | IE | Ivanhoe Energy | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
Moving against Loncor Stock
The ability to find closely correlated positions to Loncor 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 Loncor 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 Loncor 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 Loncor Resources to buy it.
The correlation of Loncor 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 Loncor Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loncor 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 Loncor 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.Other Information on Investing in Loncor Stock
Loncor ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Loncor Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Loncor financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Loncor Resources history.