Loop Industries Stock Market Value
| LOOP Stock | USD 1.41 0.09 6.82% |
| Symbol | Loop |
Loop Industries Price To Book Ratio
Is Commodity Chemicals 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 Loop Industries. If investors know Loop 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 Loop Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.40) | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.57) | Return On Assets (0.56) | Return On Equity (1.40) |
The market value of Loop Industries is measured differently than its book value, which is the value of Loop that is recorded on the company's balance sheet. Investors also form their own opinion of Loop Industries' value that differs from its market value or its book value, called intrinsic value, which is Loop Industries' 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 Loop Industries' market value can be influenced by many factors that don't directly affect Loop Industries' 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 Loop Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Loop Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loop Industries' 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.
Loop Industries '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 Loop Industries' 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 Loop Industries.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Loop Industries on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Loop Industries or generate 0.0% return on investment in Loop Industries over 600 days. Loop Industries is related to or competes with Eshallgo, Amtech Systems, Gold Fields, Aegean Airlines, Dorian LPG, Merck, and FormFactor. Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate plastics and pol... More
Loop Industries 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 Loop Industries' 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 Loop Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.56 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 39.43 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 9.85 |
Loop Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loop Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loop Industries' standard deviation. In reality, there are many statistical measures that can use Loop Industries historical prices to predict the future Loop Industries' volatility.| Risk Adjusted Performance | 0.0179 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.031 |
Loop Industries Backtested Returns
Loop Industries has Sharpe Ratio of -0.0133, which conveys that the firm had a -0.0133% return per unit of risk over the last 3 months. Loop Industries exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Loop Industries' Mean Deviation of 3.73, downside deviation of 5.56, and Risk Adjusted Performance of 0.0179 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.87, 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, Loop Industries will likely underperform. At this point, Loop Industries has a negative expected return of -0.0712%. Please make sure to verify Loop Industries' maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to decide if Loop Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Loop Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Loop Industries time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Loop Industries price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Loop Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Loop Industries lagged returns against current returns
Autocorrelation, which is Loop Industries 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 Loop Industries' stock expected returns. We can calculate the autocorrelation of Loop Industries returns to help us make a trade decision. For example, suppose you find that Loop Industries 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 |
Loop Industries 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 Loop Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loop Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loop Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Loop Industries Lagged Returns
When evaluating Loop Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loop Industries stock have on its future price. Loop Industries 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, Loop Industries autocorrelation shows the relationship between Loop Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Loop Industries.
Regressed Prices |
| Timeline |
Pair Trading with Loop Industries
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 Loop Industries 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 Loop Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Loop Stock
| 0.68 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.7 | DNMR | Danimer Scientific | PairCorr |
Moving against Loop Stock
The ability to find closely correlated positions to Loop Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loop Industries 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 Loop Industries - 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 Loop Industries to buy it.
The correlation of Loop Industries 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 Loop Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loop Industries 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 Loop Industries 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.Additional Tools for Loop Stock Analysis
When running Loop Industries' price analysis, check to measure Loop Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Loop Industries is operating at the current time. Most of Loop Industries' value examination focuses on studying past and present price action to predict the probability of Loop Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Loop Industries' price. Additionally, you may evaluate how the addition of Loop Industries to your portfolios can decrease your overall portfolio volatility.