Loop Price Earnings Ratio from 2010 to 2024
| LOOP Stock | USD 1.48 0.07 4.52% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter (7.08) | Current Value -25.1 K | Quarterly Volatility 6.5 K |
Check Loop Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Loop Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 440.5 K, Interest Expense of 284.6 K or Selling General Administrative of 7.3 M, as well as many indicators such as Price To Sales Ratio of 490, Dividend Yield of 0.0 or Days Sales Outstanding of 598. Loop financial statements analysis is a perfect complement when working with Loop Industries Valuation or Volatility modules.
Loop | Price Earnings Ratio |
Latest Loop Industries' Price Earnings Ratio Growth Pattern
Below is the plot of the Price Earnings Ratio of Loop Industries over the last few years. It is Loop Industries' Price Earnings Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Loop Industries' overall financial position and show how it may be relating to other accounts over time.
| Price Earnings Ratio | 10 Years Trend |
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Price Earnings Ratio |
| Timeline |
Loop Price Earnings Ratio Regression Statistics
| Arithmetic Mean | (1,706) | |
| Coefficient Of Variation | (379.88) | |
| Mean Deviation | 3,123 | |
| Median | (53.81) | |
| Standard Deviation | 6,480 | |
| Sample Variance | 42M | |
| Range | 25.1K | |
| R-Value | (0.43) | |
| Mean Square Error | 36.9M | |
| R-Squared | 0.19 | |
| Significance | 0.11 | |
| Slope | (623.42) | |
| Total Sum of Squares | 587.9M |
Loop Price Earnings Ratio History
About Loop Industries Financial Statements
Loop Industries shareholders use historical fundamental indicators, such as Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Loop Industries investors may analyze each financial statement separately, they are all interrelated. The changes in Loop Industries' assets and liabilities, for example, are also reflected in the revenues and expenses on on Loop Industries' 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 | ||
| Price Earnings Ratio | (7.08) | (25,130) |
Pair Trading with Loop Industries
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 Loop Industries 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 Loop Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Loop Stock
| 0.7 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.62 | DNMR | Danimer Scientific | PairCorr |
Moving against Loop Stock
| 0.48 | ECVT | Ecovyst Potential Growth | PairCorr |
| 0.44 | FSI | Flexible Solutions | PairCorr |
| 0.42 | ESI | Element Solutions | PairCorr |
The ability to find closely correlated positions to Loop Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loop Industries 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 Loop Industries - 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 Loop Industries to buy it.
The correlation of Loop Industries 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 Loop Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loop Industries 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 Loop Industries 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 Loop Stock Analysis
When running Loop Industries' price analysis, check to measure Loop Industries' 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 Loop Industries is operating at the current time. Most of Loop Industries' value examination focuses on studying past and present price action to predict the probability of Loop Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Loop Industries' price. Additionally, you may evaluate how the addition of Loop Industries to your portfolios can decrease your overall portfolio volatility.