Largo (LGO)
Market Price (3/30/2026): $1.125 | Market Cap: $72.1 MilSector: Materials | Industry: Diversified Metals & Mining
Largo (LGO)
Market Price (3/30/2026): $1.125Market Cap: $72.1 MilSector: MaterialsIndustry: Diversified Metals & Mining
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% | Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -139% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 138% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21% | ||
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -94% | ||
| Key risksLGO key risks include [1] a precarious financial position with significant liquidity issues and bankruptcy risk and [2] the impact of U.S. Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -51%, 3Y Excs Rtn is -139% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -41 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 138% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -21% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -25% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -94% |
| Key risksLGO key risks include [1] a precarious financial position with significant liquidity issues and bankruptcy risk and [2] the impact of U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Improved 2026 Vanadium Production Outlook.
Largo provided a positive 2026 production guidance for vanadium pentoxide (V2O5) equivalent of 10,500–12,000 tonnes, an increase from the 9,150 tonnes produced in 2025. This higher output is expected due to increased ore availability and processing enhancements.
2. Potential Monetization of Iron Ore Calcine.
Largo announced a binding term sheet for the sale of 4.5 million tonnes of iron ore calcine, a byproduct of its mining operations, with potential cash proceeds exceeding US$56 million. While this definitive agreement, signed on January 20, 2026, was later terminated on February 23, 2026, due to the buyer's non-payment, the company stated it would not materially impact its financial position and it was pursuing alternative buyers. The initial prospect of monetizing this byproduct contributed positively to investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The 12.0% change in LGO stock from 11/30/2025 to 3/29/2026 was primarily driven by a 12.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.99 | 1.11 | 12.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 112 | 112 | 0.0% |
| P/S Multiple | 0.6 | 0.6 | 12.0% |
| Shares Outstanding (Mil) | 64 | 64 | 0.0% |
| Cumulative Contribution | 12.0% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LGO | 12.0% | |
| Market (SPY) | -5.3% | 50.6% |
| Sector (XLB) | 10.0% | 55.5% |
Fundamental Drivers
The -27.7% change in LGO stock from 8/31/2025 to 3/29/2026 was primarily driven by a -29.8% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.53 | 1.11 | -27.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 109 | 112 | 3.1% |
| P/S Multiple | 0.9 | 0.6 | -29.8% |
| Shares Outstanding (Mil) | 64 | 64 | 0.0% |
| Cumulative Contribution | -27.7% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LGO | -27.7% | |
| Market (SPY) | 0.6% | 32.9% |
| Sector (XLB) | 7.1% | 35.6% |
Fundamental Drivers
The -34.7% change in LGO stock from 2/28/2025 to 3/29/2026 was primarily driven by a -22.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.70 | 1.11 | -34.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 145 | 112 | -22.7% |
| P/S Multiple | 0.8 | 0.6 | -15.5% |
| Shares Outstanding (Mil) | 64 | 64 | 0.0% |
| Cumulative Contribution | -34.7% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LGO | -34.7% | |
| Market (SPY) | 9.8% | 33.6% |
| Sector (XLB) | 12.4% | 39.7% |
Fundamental Drivers
The -82.7% change in LGO stock from 2/28/2023 to 3/29/2026 was primarily driven by a -64.2% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.42 | 1.11 | -82.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 232 | 112 | -51.8% |
| P/S Multiple | 1.8 | 0.6 | -64.2% |
| Shares Outstanding (Mil) | 64 | 64 | 0.1% |
| Cumulative Contribution | -82.7% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LGO | -82.7% | |
| Market (SPY) | 69.4% | 31.9% |
| Sector (XLB) | 26.8% | 35.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LGO Return | 1824% | -42% | -57% | -26% | -46% | 23% | 139% |
| Peers Return | 41% | -36% | -2% | -32% | -4% | 47% | -15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| LGO Win Rate | 33% | 42% | 42% | 33% | 25% | 67% | |
| Peers Win Rate | 57% | 37% | 47% | 37% | 42% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| LGO Max Drawdown | 0% | -48% | -64% | -39% | -48% | 0% | |
| Peers Max Drawdown | -11% | -48% | -32% | -41% | -57% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TROX, CC, KRO, UUUU, GWH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | LGO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -89.1% | -25.4% |
| % Gain to Breakeven | 820.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.6% | -33.9% |
| % Gain to Breakeven | 102.3% | 51.3% |
| Time to Breakeven | 392 days | 148 days |
| 2018 Correction | ||
| % Loss | -79.5% | -19.8% |
| % Gain to Breakeven | 388.3% | 24.7% |
| Time to Breakeven | 510 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -96.7% | -56.8% |
| % Gain to Breakeven | 2929.5% | 131.3% |
| Time to Breakeven | 3,328 days | 1,480 days |
Compare to TROX, CC, KRO, UUUU, GWH
In The Past
Largo's stock fell -89.1% during the 2022 Inflation Shock from a high on 5/7/2021. A -89.1% loss requires a 820.9% gain to breakeven.
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About Largo (LGO)
AI Analysis | Feedback
Imagine a company like Albemarle, but instead of lithium, they mine and supply vanadium, which they also use to develop large-scale grid energy storage systems.
Think of them as Tesla Energy (Tesla's energy storage division), but specializing in vanadium-based batteries for utility grids, and they also mine their own vanadium.
AI Analysis | Feedback
- Vanadium-based utility scale electrical energy storage systems: These are large-scale energy storage systems that utilize vanadium technology for renewable energy solutions.
- VPURE+ vanadium flakes: High-purity vanadium flakes primarily used in master alloys and aerospace applications.
- VPURE vanadium flakes: Vanadium flakes specifically supplied to the steel industry.
- Ferrovanadium: An alloy of iron and vanadium used as an additive to enhance the properties of steel.
- Vanadium carbon nitride: A compound of vanadium, carbon, and nitrogen primarily used in the steel industry to improve material strength.
- VPURE+ vanadium powder: High-purity vanadium powder specifically designed for catalyst applications.
AI Analysis | Feedback
Largo Inc. (LGO) primarily sells its products and services to other companies, not individuals. The provided background information does not list specific customer company names or their symbols. However, based on the description of Largo's products and their applications, its major customers are companies operating in the following industrial sectors:
- Companies that produce **master alloys for aerospace applications**, utilizing Largo's VPURE+ vanadium flakes.
- **Steel manufacturers**, which use Largo's VPURE vanadium flakes ferrovanadium and vanadium carbon nitride.
- Companies involved in the **manufacturing of catalysts**, using Largo's VPURE+ vanadium powder.
- Entities that require **utility-scale electrical energy storage systems**, which are provided through Largo Clean Energy. These could include utilities, independent power producers, or large industrial energy users.
AI Analysis | Feedback
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J. Alberto Arias
Co-Chief Executive Officer and Executive Chairman
J. Alberto Arias is the founder and portfolio manager of Arias Resource Capital Management. He brings over 30 years of experience focusing on the investing, financial, and operational aspects of the mining industry. Mr. Arias was raised in a family with a three-generation tradition of founding and managing private mining companies in Peru. Investment funds managed by Arias Resource Capital, along with his personal holdings, represent approximately 37.9% of Largo's basic shares outstanding.
Daniel Tellechea
Co-Chief Executive Officer and Director
Daniel Tellechea has extensive experience in international mining, having most recently served as President & CEO of Sierra Metals, Inc. from 2007 to 2014. Prior to that, he was President and CEO of Asarco LLC from 2003 to 2005, and Managing Director of Finance and Administration for Asarco's parent, Grupo Mexico, from 1994 to 2003. He also held the roles of Chief Financial Officer and Vice-President of Finance for Southern Copper Corporation from 1999 to 2003, which was majority owned by Grupo Mexico.
Diogo Silva
Chief Financial Officer
Diogo Silva has over 20 years of progressive experience in financial leadership within the mining sector. He has spent the last 14 years as a finance leader at Largo in Brazil and currently serves as the Finance Director of the Company's subsidiary, Largo Vanádio de Maracás S.A. Mr. Silva has extensive experience in leading technical accounting functions, partnering with operations and boards on long-term investments, business planning, budget management, and cost optimization, while also possessing strong IFRS specialist expertise.
Francesco D'Alessio
Chief Commercial Officer
Francesco D'Alessio possesses over 17 years of experience in metals sales and trading, which includes overseeing the sales and shipment of vanadium and other commodities, as well as experience in clean energy storage sales. He currently serves as President of Largo Clean Energy Corp., a Largo subsidiary. Before joining Largo in 2019, he was the Global Sales Manager of vanadium products for EVRAZ East Metals and co-piloted the start-up of SiderAlloys.
Luis Rendón
Chief Operating Officer
Luis Rendón is a metallurgical engineer with over 40 years of experience in mineral processing, plant operations, and cost optimization. He has held senior leadership roles at various mining companies, including Sierra Metals, Compañía Minera Kolpa, and Pan American Silver, where he managed plant expansions and implemented advanced metallurgical techniques. At Largo, he has been instrumental in enhancing process performance and supporting operational realignment efforts at the Maracás Menchen Mine.
AI Analysis | Feedback
Key risks to Largo Inc.'s business include:
- Financial Instability and Liquidity Constraints: Largo is currently facing significant financial headwinds, operating with negative margins and a cash-strained position. The company's production costs have at times exceeded current vanadium prices, impacting profitability. It is highly leveraged, with a poor balance sheet strength score and an Altman Z-Score indicating a risk of financial instability. Largo requires additional financing to meet its liabilities and support working capital, with a substantial risk of shareholder dilution due to urgent capital needs and restrictive debt terms.
- Volatile Vanadium Market and Pricing Pressures: The global vanadium market has experienced oversupply, leading to significant price declines that negatively affect Largo's revenue and profitability. The company's profitability is sensitive to vanadium spot prices, which are largely influenced by steel industry demand, particularly from China, where co-production dominance can keep prices suppressed.
- Operational Challenges and Single-Asset Reliance: Largo's primary vanadium production relies on the Maracás Menchen Mine in Brazil. This operation faces challenges such as declining ore grades and rising strip ratios, which worsen profitability. The mine is also exposed to physical climate risks, including rainstorms and increased temperatures, which could lead to reduced production capacity. Furthermore, the company's reliance on a single major mining asset and geographic market (Brazil) heightens operational risks and can lead to disruptions from scheduled maintenance or unforeseen events.
AI Analysis | Feedback
The emergence and rapid development of alternative, potentially lower-cost battery chemistries, such as sodium-ion and advanced iron-based flow batteries, for utility-scale electrical energy storage systems pose a clear emerging threat to Largo's vanadium-based energy storage solutions.
AI Analysis | Feedback
Largo Inc. operates in two primary addressable markets: the global vanadium market for its vanadium-based products and the global vanadium redox flow battery (VRFB) market for its energy storage systems.
Global Vanadium Market
The global vanadium market, which encompasses products like vanadium flakes, ferrovanadium, and vanadium powder used in steel, aerospace, and catalyst applications, shows varying estimates across different reports.
- One projection estimates the global vanadium market size at approximately USD 42.7 billion in 2024, with an expected growth to around USD 64.7 billion by 2033, at a CAGR of 4.7%.
- Another analysis valued the global vanadium market at USD 54.2 billion in 2025, forecasting it to reach USD 98.0 billion by 2032, with a CAGR of 9.1% during 2026–2032.
- Other estimates are considerably smaller, with the global vanadium market size valued at USD 2.8 billion in 2024, projected to reach USD 3.3 billion by 2030, growing at a CAGR of 3.1% from 2025 to 2030. Another report estimated the market at USD 3.32 billion in 2023, anticipated to grow to USD 5.08 billion by 2033 at a CAGR of 4.35%.
The primary application for vanadium remains steel production, accounting for a significant share of consumption (e.g., 45% in 2025, 89.7% in 2024, 76.34% in 2024, over 90% in 2024). Asia-Pacific is consistently identified as the largest regional market for vanadium.
Global Vanadium Redox Flow Battery (VRFB) Market
The global market for vanadium redox flow batteries (VRFB) is experiencing rapid growth due to increasing demand for large-scale energy storage solutions, particularly for integrating renewable energy sources.
- The global VRFB market size was estimated at USD 394.7 million in 2023 and is projected to reach USD 1,379.2 million by 2030, with a CAGR of 19.7% from 2024 to 2030.
- Other reports support this trend, with estimates of the market reaching USD 1.10 billion in 2026 and expanding to USD 2.48 billion by 2031, at a CAGR of 17.62%.
- Further, the global vanadium battery for energy storage market is projected to reach USD 7.5 to 9.0 billion by 2030, with a CAGR of approximately 18-22%.
- Another source valued the global vanadium redox flow battery market at approximately USD 495.43 million in 2025, with a projection to surpass USD 3,058.12 million by 2035, exhibiting a CAGR of 19.9% over the forecast period.
- Asia-Pacific is the leading region in the VRFB market, driven by rapid industrialization and renewable energy integration efforts in countries like China, Japan, and South Korea.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Largo (symbol: LGO) over the next 2-3 years:
- Increased Vanadium Production and Sales Volume: Largo anticipates higher V₂O₅-equivalent production in 2026 compared to 2025, attributing this to enhanced operational stability and increased ore availability. The company has provided 2026 production guidance ranging from 10,500 to 12,000 tonnes and sales guidance between 7,500 and 9,500 tonnes.
- Growth in the Vanadium Redox Flow Battery (VRFB) / Clean Energy Storage Market: Largo Clean Energy is positioned to capitalize on the expanding long-duration energy storage market. The energy storage sector, particularly in China and the U.S., is expected to be a significant driver of vanadium consumption. Largo has strategic investments in vanadium flow battery electrolyte and technology to leverage this anticipated growth. A strategic review of Largo Clean Energy is also underway to maximize its value in this burgeoning sector.
- Expansion of Ilmenite Production and Sales: Largo is actively ramping up production at its ilmenite concentrate plant. This initiative aims to diversify the company's product portfolio and generate new revenue streams. Ilmenite production showed a ramp-up in the fourth quarter of 2024.
- Strengthening Demand in Traditional Vanadium Markets (Aerospace & U.S. Steel): While some international markets have softened, Largo expects stable demand in the U.S. steel market. Furthermore, the aerospace sector is projected to experience increased demand for high-purity vanadium, particularly in the latter half of 2025.
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Share Repurchases
- In May 2022, Largo announced its intention to initiate a share buyback program for up to 10% of its outstanding common shares.
Share Issuance
- In January 2026, Largo established an at-the-market (ATM) equity offering program to issue and sell common shares with aggregate gross proceeds of up to US$60 million.
- In October 2025, Largo closed a registered direct offering for US$17.4 million by issuing 14,262,309 common shares at US$1.22 per share.
- Concurrently with the direct offering in October 2025, a private placement was completed where Arias Resource Capital Fund III L.P., an affiliate of Largo's largest shareholder, provided US$6 million in financing.
Outbound Investments
- Largo holds a 50% ownership in Storion Energy, a joint venture with Stryten Energy, focused on scalable domestic electrolyte production for utility-scale vanadium flow battery long-duration energy storage solutions in the U.S.
Capital Expenditures
- Largo planned to invest approximately US$64.0 million on capital expenditures in 2022. This included US$9.5 million for sustaining capital, US$10.5 million for capitalized stripping, US$29.5 million for an ilmenite concentration plant, US$9.5 million for a TiO2 processing plant, and US$2.0 million for Largo Clean Energy development.
- Annual capital expenditures were US$42.2 million in 2024.
- The company anticipates higher V2O5 equivalent production in 2026, driven by increased ore availability and operational enhancements such as improved rotary kiln throughput and milling feed capacity.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With Largo Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 7.77 |
| Mkt Cap | 1.1 |
| Rev LTM | 986 |
| Op Inc LTM | -41 |
| FCF LTM | -41 |
| FCF 3Y Avg | -78 |
| CFO LTM | 6 |
| CFO 3Y Avg | 18 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -10.7% |
| Rev Chg 3Y Avg | -2.9% |
| Rev Chg Q | -1.6% |
| QoQ Delta Rev Chg LTM | -0.4% |
| Op Mgn LTM | -19.3% |
| Op Mgn 3Y Avg | -12.7% |
| QoQ Delta Op Mgn LTM | -4.1% |
| CFO/Rev LTM | 1.1% |
| CFO/Rev 3Y Avg | 1.2% |
| FCF/Rev LTM | -17.3% |
| FCF/Rev 3Y Avg | -14.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.1 |
| P/S | 0.6 |
| P/EBIT | -10.9 |
| P/E | -4.9 |
| P/CFO | 9.7 |
| Total Yield | -22.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -13.8% |
| D/E | 1.1 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.8% |
| 3M Rtn | 30.8% |
| 6M Rtn | 10.0% |
| 12M Rtn | 10.8% |
| 3Y Rtn | -22.2% |
| 1M Excs Rtn | 3.8% |
| 3M Excs Rtn | 37.1% |
| 6M Excs Rtn | 13.4% |
| 12M Excs Rtn | 0.0% |
| 3Y Excs Rtn | -81.2% |
Price Behavior
| Market Price | $1.11 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 02/15/2008 | |
| Distance from 52W High | -56.0% | |
| 50 Days | 200 Days | |
| DMA Price | $1.41 | $1.35 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -21.0% | -17.5% |
| 3M | 1YR | |
| Volatility | 101.9% | 94.5% |
| Downside Capture | 1.97 | 1.47 |
| Upside Capture | 499.58 | 127.88 |
| Correlation (SPY) | 49.2% | 33.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 6.31 | 4.55 | 4.57 | 2.91 | 1.54 | 1.54 |
| Up Beta | 12.34 | 10.20 | 9.50 | 7.97 | 2.06 | 1.94 |
| Down Beta | 10.00 | 3.65 | 3.77 | 1.31 | 0.95 | 1.06 |
| Up Capture | 628% | 775% | 755% | 248% | 142% | 111% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 24 | 34 | 64 | 112 | 329 |
| Down Capture | 132% | 74% | 179% | 182% | 126% | 112% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 16 | 25 | 54 | 128 | 394 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGO | |
|---|---|---|---|---|
| LGO | -40.6% | 94.3% | -0.09 | - |
| Sector ETF (XLB) | 14.6% | 20.9% | 0.55 | 38.8% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 33.3% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 28.3% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 31.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 19.4% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 31.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGO | |
|---|---|---|---|---|
| LGO | -42.1% | 70.9% | -0.47 | - |
| Sector ETF (XLB) | 6.7% | 18.9% | 0.25 | 38.3% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 33.8% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 21.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 25.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 22.6% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 21.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LGO | |
|---|---|---|---|---|
| LGO | -25.7% | 70.0% | -0.43 | - |
| Sector ETF (XLB) | 10.1% | 20.6% | 0.44 | 32.4% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 28.6% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 18.5% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 23.8% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 19.1% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 17.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/12/2025 | 6-K |
| 03/31/2025 | 05/15/2025 | 6-K |
| 12/31/2024 | 03/28/2025 | 40-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 08/08/2024 | 6-K |
| 03/31/2024 | 05/16/2024 | 6-K |
| 12/31/2023 | 03/22/2024 | 40-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/10/2023 | 6-K |
| 03/31/2023 | 05/10/2023 | 6-K |
| 12/31/2022 | 03/09/2023 | 40-F |
| 09/30/2022 | 11/09/2022 | 6-K |
| 06/30/2022 | 08/11/2022 | 6-K |
| 03/31/2022 | 05/11/2022 | 6-K |
| 12/31/2021 | 03/16/2022 | 40-F |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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