Largo Net Income From Continuing Ops from 2010 to 2025
| LGO Stock | CAD 1.38 0.01 0.72% |
Net Loss | First Reported 2016-12-31 | Previous Quarter -5.8 M | Current Value -36.6 M | Quarterly Volatility 29.5 M |
Check Largo Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Largo Resources' main balance sheet or income statement drivers, such as Interest Expense of 6 M, Selling General Administrative of 24.2 M or Other Operating Expenses of 179.8 M, as well as many indicators such as Price To Sales Ratio of 0.82, Dividend Yield of 0.0 or PTB Ratio of 0.62. Largo financial statements analysis is a perfect complement when working with Largo Resources Valuation or Volatility modules.
Largo | Net Income From Continuing Ops |
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
| 0.79 | AAPL | Apple Inc CDR | PairCorr |
| 0.78 | GOOG | Alphabet CDR | PairCorr |
| 0.78 | AAPL | Apple CDR | PairCorr |
| 0.78 | GOOG | Alphabet CDR | PairCorr |
| 0.66 | 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 the analysis of Largo Resources Correlation against competitors. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.