Largo Resources Stock Market Value
| LGO Stock | USD 2.17 0.10 4.83% |
| Symbol | Largo |
Largo Resources Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Largo Resources. If investors know Largo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.153 | Earnings Share (0.76) | Revenue Per Share 2.26 | Quarterly Revenue Growth (0.32) | Return On Assets (0.08) |
The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Largo Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Largo Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Largo Resources.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Largo Resources on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Largo Resources or generate 0.0% return on investment in Largo Resources over 300 days. Largo Resources is related to or competes with Skeena Resources, Materion, Compass Minerals, IperionX Limited, EMX Royalty, Nexa Resources, and Standard Lithium. Largo Inc. engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Cana... More
Largo Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Largo Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Largo Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.0096 | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 8.48 |
Largo Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Largo Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Largo Resources' standard deviation. In reality, there are many statistical measures that can use Largo Resources historical prices to predict the future Largo Resources' volatility.| Risk Adjusted Performance | 0.0371 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | 0.013 | |||
| Treynor Ratio | 0.1057 |
Largo Resources Backtested Returns
Largo Resources appears to be dangerous, given 3 months investment horizon. Largo Resources has Sharpe Ratio of 0.0547, which conveys that the firm had a 0.0547% return per unit of risk over the last 3 months. We have found thirty technical indicators for Largo Resources, which you can use to evaluate the volatility of the firm. Please exercise Largo Resources' Mean Deviation of 3.48, risk adjusted performance of 0.0371, and Downside Deviation of 3.42 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Largo Resources holds a performance score of 4. The company secures a Beta (Market Risk) of 1.56, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Largo Resources will likely underperform. Please check Largo Resources' skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Largo Resources' current price movements will revert.
Auto-correlation | 0.55 |
Modest predictability
Largo Resources has modest predictability. Overlapping area represents the amount of predictability between Largo Resources time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Largo Resources price movement. The serial correlation of 0.55 indicates that about 55.0% of current Largo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Largo Resources lagged returns against current returns
Autocorrelation, which is Largo Resources stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Largo Resources' stock expected returns. We can calculate the autocorrelation of Largo Resources returns to help us make a trade decision. For example, suppose you find that Largo Resources has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Largo Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Largo Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Largo Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Largo Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Largo Resources Lagged Returns
When evaluating Largo Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Largo Resources stock have on its future price. Largo Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Largo Resources autocorrelation shows the relationship between Largo Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Largo Resources.
Regressed Prices |
| Timeline |
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 Largo Resources Correlation, Largo Resources Volatility and Largo Resources Alpha and Beta module to complement your research on Largo Resources. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Largo Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.