Loop Historical Financial Ratios
| LOOP Stock | USD 1.48 0.07 4.52% |
Loop Industries is lately reporting on over 108 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Invested Capital of 0.0 will help investors to properly organize and evaluate Loop Industries financial condition quickly.
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About Loop Financial Ratios Analysis
Loop IndustriesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Loop Industries investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Loop financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Loop Industries history.
Loop Industries Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Loop Industries stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Loop Industries sales, a figure that is much harder to manipulate than other Loop Industries multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. 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.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most ratios from Loop Industries' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Loop Industries current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loop Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Loop Stock, please use our How to Invest in Loop Industries guide.At this time, Loop Industries' Debt To Assets are relatively stable compared to the past year.
| 2023 | 2024 (projected) | Graham Number | 1.72 | 0.003273 | Receivables Turnover | 0.44 | 0.41 |
Loop Industries fundamentals Correlations
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Loop Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
| 0.71 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.62 | DNMR | Danimer Scientific | PairCorr |
Moving against Loop Stock
| 0.51 | 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.