Laurentian Bank Stock Piotroski F Score

LB Stock  CAD 28.83  0.18  0.63%   
This module uses fundamental data of Laurentian Bank to approximate its Piotroski F score. Laurentian Bank F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Laurentian Bank. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Laurentian Bank financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laurentian Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
  
At this time, Laurentian Bank's Debt Ratio is very stable compared to the past year. As of the 22nd of December 2024, Cash Flow To Debt Ratio is likely to grow to 0.01, while Short Term Debt is likely to drop about 3.6 B. At this time, Laurentian Bank's POCF Ratio is very stable compared to the past year. As of the 22nd of December 2024, Capex To Operating Cash Flow is likely to grow to 0.20, while Price To Sales Ratio is likely to drop 1.09.
At this time, it appears that Laurentian Bank's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Inapplicable
Current Return On Assets

Negative

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Laurentian Bank Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Laurentian Bank is to make sure Laurentian is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Laurentian Bank's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Laurentian Bank's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.03150.0215
Way Up
Pretty Stable
Net Debt16.7 B15.9 B
Sufficiently Up
Slightly volatile
Total Current Liabilities15.4 B14.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total41.2 B39.2 B
Sufficiently Up
Slightly volatile
Total Assets31.1 B57.4 B
Way Down
Slightly volatile
Total Current Assets1.3 B1.3 B
Notably Down
Slightly volatile

Laurentian Bank F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Laurentian Bank's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Laurentian Bank in a much-optimized way.

About Laurentian Bank Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

39.07

At this time, Laurentian Bank's Book Value Per Share is very stable compared to the past year.

About Laurentian Bank Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Laurentian Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Laurentian Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Laurentian Bank 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 Laurentian Bank

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 Laurentian Bank 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 Laurentian Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Laurentian Stock

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Moving against Laurentian Stock

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  0.4WCM-A Wilmington CapitalPairCorr
The ability to find closely correlated positions to Laurentian Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laurentian Bank 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 Laurentian Bank - 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 Laurentian Bank to buy it.
The correlation of Laurentian Bank 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 Laurentian Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laurentian Bank 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 Laurentian Bank 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Laurentian Stock

Laurentian Bank financial ratios help investors to determine whether Laurentian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Laurentian with respect to the benefits of owning Laurentian Bank security.