Largo Resources Stock Market Value
| LGO Stock | CAD 1.29 0.04 3.01% |
| Symbol | Largo |
Largo Resources Price To Book Ratio
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.
| 12/01/2025 |
| 12/31/2025 |
If you would invest 0.00 in Largo Resources on December 1, 2025 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 30 days. Largo Resources is related to or competes with NextSource Materials, C3 Metals, Lithium Ionic, Defense Metals, Pulsar Helium, Panoro Minerals, and Lithium Chile. Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of... 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 68.16 | |||
| Value At Risk | (8.60) | |||
| Potential Upside | 8.17 |
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 | (0.05) | |||
| Jensen Alpha | (0.82) | |||
| Total Risk Alpha | (1.46) | |||
| Treynor Ratio | (0.30) |
Largo Resources Backtested Returns
Largo Resources has Sharpe Ratio of -0.0684, which conveys that the firm had a -0.0684 % return per unit of risk over the last 3 months. Largo Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Largo Resources' Standard Deviation of 7.71, risk adjusted performance of (0.05), and Mean Deviation of 4.5 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.2, 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. At this point, Largo Resources has a negative expected return of -0.52%. Please make sure to verify Largo Resources' skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Largo Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Largo Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between Largo Resources time series from 1st of December 2025 to 16th of December 2025 and 16th of December 2025 to 31st of December 2025. 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 -0.15 indicates that less than 15.0% of current Largo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 against Largo Stock
| 0.78 | GOOG | Alphabet CDR | PairCorr |
| 0.78 | AAPL | Apple Inc CDR | PairCorr |
| 0.78 | GOOG | Alphabet CDR | PairCorr |
| 0.76 | AAPL | Apple CDR | PairCorr |
| 0.63 | FDY | Faraday Copper Corp | PairCorr |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.