Largo Price To Sales Ratio from 2010 to 2024
| LGO Stock | USD 2.10 0.07 3.23% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.74112968 | Current Value 0.7 | Quarterly Volatility 37.44199935 |
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 Other Operating Expenses of 229.8 M, Ebitda of 3.6 M or Total Operating Expenses of 25.1 M, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0 or PTB Ratio of 0.56. Largo financial statements analysis is a perfect complement when working with Largo Resources Valuation or Volatility modules.
Largo | Price To Sales Ratio |
Latest Largo Resources' Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Largo Resources over the last few years. Price to Sales Ratio is figured by comparing Largo Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Largo Resources sales, a figure that is much harder to manipulate than other Largo Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period. Largo Resources' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Largo Resources' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.93 X | 10 Years Trend |
|
Price To Sales Ratio |
| Timeline |
Largo Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 14.98 | |
| Geometric Mean | 5.12 | |
| Coefficient Of Variation | 249.99 | |
| Mean Deviation | 17.98 | |
| Median | 4.94 | |
| Standard Deviation | 37.44 | |
| Sample Variance | 1,402 | |
| Range | 149 | |
| R-Value | (0.50) | |
| Mean Square Error | 1,131 | |
| R-Squared | 0.25 | |
| Significance | 0.06 | |
| Slope | (4.20) | |
| Total Sum of Squares | 19,627 |
Largo Price To Sales Ratio History
About Largo Resources Financial Statements
Largo Resources investors utilize fundamental indicators, such as Price To Sales Ratio, to predict how Largo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.74 | 0.70 |
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 together with Largo Stock
Moving against Largo Stock
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Diversified Metals & Mining 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 Largo Resources. If investors know Largo 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 Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.153 | Earnings Share (0.76) | Revenue Per Share 2.26 | Quarterly Revenue Growth (0.32) | Return On Assets (0.08) |
The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' 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 Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' 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 Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' 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.