Laramide Historical Financial Ratios
LAM Stock | CAD 0.61 0.03 5.17% |
Laramide Resources is lately reporting on over 89 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 547 will help investors to properly organize and evaluate Laramide Resources financial condition quickly.
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About Laramide Financial Ratios Analysis
Laramide ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Laramide 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 Laramide financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Laramide Resources history.
Laramide Resources Financial Ratios Chart
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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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Laramide Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Laramide 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 Laramide 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 board of governors. At this time, Laramide Resources' Graham Number is very stable compared to the past year. As of the 31st of January 2025, Shareholders Equity Per Share is likely to grow to 0.56, while Price To Sales Ratio is likely to drop 833.42.
Laramide Resources fundamentals Correlations
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Laramide Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Laramide Resources fundamentals Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Book Value Per Share | 0.52 | 0.47 | 0.45 | 0.42 | 0.38 | 0.56 | |
Free Cash Flow Yield | (0.037) | (0.0333) | (0.0658) | (0.0639) | (0.0575) | (0.0604) | |
Operating Cash Flow Per Share | (0.009228) | (0.0168) | (0.006714) | (0.0118) | (0.0136) | (0.0142) | |
Capex To Depreciation | 7.04 | 12.86 | 53.25 | 53.52 | 61.55 | 58.47 | |
Free Cash Flow Per Share | (0.0133) | (0.0237) | (0.0309) | (0.0428) | (0.0385) | (0.0404) | |
Roic | (0.017) | (0.0291) | (0.0401) | (0.0237) | (0.0213) | (0.0224) | |
Net Income Per Share | (0.0328) | (0.0503) | (0.002978) | (0.0205) | (0.0184) | (0.0193) | |
Payables Turnover | 0.18 | 0.52 | 0.0808 | 0.15 | 0.13 | 0.096 | |
Cash Per Share | 0.009379 | 0.0481 | 0.0279 | 0.0421 | 0.0484 | 0.077 | |
Pocfratio | (39.01) | (42.37) | (70.01) | (56.81) | (51.13) | (53.68) | |
Interest Coverage | (0.83) | (0.91) | (2.02) | (2.43) | (3.2) | (2.88) | |
Capex To Operating Cash Flow | (0.44) | (0.41) | (3.61) | (2.63) | (2.37) | (2.48) | |
Pfcf Ratio | (27.05) | (30.01) | (15.2) | (15.66) | (14.09) | (14.79) | |
Days Payables Outstanding | 2.1K | 702.55 | 4.5K | 2.5K | 2.9K | 2.7K | |
Income Quality | 0.28 | 0.33 | 2.25 | 0.58 | 0.52 | 0.3 | |
Roe | (0.0703) | (0.11) | (0.007065) | (0.0484) | (0.0436) | (0.0458) | |
Ev To Operating Cash Flow | (43.85) | (42.09) | (73.19) | (55.06) | (49.55) | (52.03) | |
Pe Ratio | (10.97) | (14.12) | (157.82) | (32.76) | (37.68) | (35.79) | |
Return On Tangible Assets | (0.0586) | (0.0919) | (0.006164) | (0.0427) | (0.0384) | (0.0403) | |
Ev To Free Cash Flow | (30.4) | (29.81) | (15.89) | (15.17) | (13.65) | (14.34) | |
Earnings Yield | (0.0911) | (0.0708) | (0.006336) | (0.0305) | (0.0275) | (0.0288) | |
Net Debt To E B I T D A | (5.28) | 0.3 | (1.61) | 1.72 | 1.55 | 1.63 | |
Current Ratio | 0.37 | 1.1 | 0.7 | 1.93 | 2.22 | 2.11 | |
Tangible Book Value Per Share | 0.52 | 0.47 | 0.45 | 0.42 | 0.38 | 0.56 | |
Shareholders Equity Per Share | 0.52 | 0.47 | 0.45 | 0.42 | 0.38 | 0.56 | |
Debt To Equity | 0.0969 | 0.0866 | 0.069 | 0.0448 | 0.0515 | 0.0489 | |
Capex Per Share | 0.004081 | 0.006902 | 0.0242 | 0.031 | 0.0357 | 0.0669 |
Pair Trading with Laramide 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 Laramide 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Laramide Stock
0.85 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
0.74 | ENB-PFU | Enbridge Pref L Earnings Call This Week | PairCorr |
0.74 | SLF-PG | Sun Life Non Earnings Call This Week | PairCorr |
0.67 | PVF-UN | Partners Value Inves | PairCorr |
0.65 | ENB-PFV | Enbridge Pref 5 Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Laramide 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 Laramide 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 Laramide 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 Laramide Resources to buy it.
The correlation of Laramide 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide 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 Laramide 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 Laramide Stock
Laramide ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Laramide 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 Laramide financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Laramide Resources history.