Lightbridge Return On Equity from 2010 to 2024
| LTBR Stock | USD 6.54 0.79 13.74% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.27) | Current Value (0.26) | Quarterly Volatility 1.22516914 |
Check Lightbridge Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lightbridge Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9.5 M, Interest Expense of 349.5 K or Other Operating Expenses of 8.2 M, as well as many indicators such as Price To Sales Ratio of 42.85, Dividend Yield of 16.2 K or PTB Ratio of 1.41. Lightbridge financial statements analysis is a perfect complement when working with Lightbridge Corp Valuation or Volatility modules.
Lightbridge | Return On Equity |
Latest Lightbridge Corp's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Lightbridge Corp over the last few years. Return on Equity is the amount of Lightbridge Corp net income returned as a percentage of Lightbridge Corp equity. Return on equity measures Lightbridge Corp profitability by revealing how much profit Lightbridge Corp generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Lightbridge Corp's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Lightbridge Corp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.37 | 10 Years Trend |
|
Return On Equity |
| Timeline |
Lightbridge Return On Equity Regression Statistics
| Arithmetic Mean | (0.23) | |
| Coefficient Of Variation | (534.33) | |
| Mean Deviation | 0.77 | |
| Median | (0.61) | |
| Standard Deviation | 1.23 | |
| Sample Variance | 1.50 | |
| Range | 4.1066 | |
| R-Value | (0.24) | |
| Mean Square Error | 1.52 | |
| R-Squared | 0.06 | |
| Significance | 0.39 | |
| Slope | (0.07) | |
| Total Sum of Squares | 21.01 |
Lightbridge Return On Equity History
About Lightbridge Corp Financial Statements
Lightbridge Corp shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Lightbridge Corp investors may analyze each financial statement separately, they are all interrelated. The changes in Lightbridge Corp's assets and liabilities, for example, are also reflected in the revenues and expenses on on Lightbridge Corp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.27) | (0.26) |
Pair Trading with Lightbridge Corp
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 Lightbridge Corp 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 Lightbridge Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Lightbridge Stock
Moving against Lightbridge Stock
| 0.78 | WHLM | Wilhelmina | PairCorr |
| 0.77 | EFX | Equifax | PairCorr |
| 0.73 | FCN | FTI Consulting | PairCorr |
| 0.68 | FORR | Forrester Research | PairCorr |
| 0.63 | RGP | Resources Connection | PairCorr |
The ability to find closely correlated positions to Lightbridge Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lightbridge Corp 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 Lightbridge Corp - 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 Lightbridge Corp to buy it.
The correlation of Lightbridge Corp 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 Lightbridge Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lightbridge Corp 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 Lightbridge Corp 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 Lightbridge Stock Analysis
When running Lightbridge Corp's price analysis, check to measure Lightbridge Corp's 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 Lightbridge Corp is operating at the current time. Most of Lightbridge Corp's value examination focuses on studying past and present price action to predict the probability of Lightbridge Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lightbridge Corp's price. Additionally, you may evaluate how the addition of Lightbridge Corp to your portfolios can decrease your overall portfolio volatility.