Largo Resources Stock Short Ratio
| LGO Stock | CAD 1.51 0.15 9.04% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Largo Resources' long-term financial health and intrinsic value.
Largo | Short Ratio |
Largo Resources Company Short Ratio Analysis
Largo Resources' Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Largo Resources Short Ratio | 13.56 X |
Most of Largo Resources' fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Largo Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Largo Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Largo Resources is extremely important. It helps to project a fair market value of Largo Stock properly, considering its historical fundamentals such as Short Ratio. Since Largo Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Largo Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Largo Resources' interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Largo Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Largo Resources has a Short Ratio of 13.56 times. This is 239.0% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The short ratio for all Canada stocks is notably lower than that of the firm.
Largo Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Largo Resources' direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Largo Resources could also be used in its relative valuation, which is a method of valuing Largo Resources by comparing valuation metrics of similar companies.Largo Resources is currently under evaluation in short ratio category among its peers.
Largo Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Largo Resources from analyzing Largo Resources' financial statements. These drivers represent accounts that assess Largo Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Largo Resources' important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 593.5M | 349.0M | 147.3M | 107.4M | 123.5M | 117.4M | |
| Enterprise Value | 527.2M | 336.5M | 181.1M | 102.8M | 118.2M | 112.3M |
Largo Fundamentals
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0232 | ||||
| Profit Margin | (0.57) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 273.92 M | ||||
| Shares Outstanding | 83.31 M | ||||
| Shares Owned By Insiders | 0.17 % | ||||
| Shares Owned By Institutions | 55.61 % | ||||
| Number Of Shares Shorted | 999.77 K | ||||
| Price To Earning | 7.69 X | ||||
| Price To Book | 0.77 X | ||||
| Price To Sales | 1.12 X | ||||
| Revenue | 124.92 M | ||||
| Gross Profit | 779 K | ||||
| EBITDA | (33.11 M) | ||||
| Net Income | (50.56 M) | ||||
| Cash And Equivalents | 78.22 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 17.5 M | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 3.07 X | ||||
| Book Value Per Share | 2.81 X | ||||
| Cash Flow From Operations | 11.16 M | ||||
| Short Ratio | 13.56 X | ||||
| Earnings Per Share | (1.36) X | ||||
| Price To Earnings To Growth | (0.98) X | ||||
| Target Price | 3.0 | ||||
| Number Of Employees | 500 | ||||
| Beta | 1.86 | ||||
| Market Capitalization | 125.8 M | ||||
| Total Asset | 318.67 M | ||||
| Retained Earnings | (126.5 M) | ||||
| Working Capital | (20.97 M) | ||||
| Net Asset | 318.67 M |
About Largo Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Largo Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Largo Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Largo Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.61 | MFC | Manulife Financial Corp | PairCorr |
| 0.61 | CM | Canadian Imperial Bank | PairCorr |
| 0.6 | BNS | Bank of Nova Scotia | PairCorr |
| 0.48 | TD | Toronto Dominion Bank | PairCorr |
| 0.46 | AX-UN | Artis Real Estate | 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo 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 employment. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.