Linamar Stock Today
| LNR Stock | CAD 66.05 0.40 0.60% |
Performance2 of 100
| Odds Of DistressLess than 1
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Linamar is selling at 66.05 as of the 24th of April 2024; that is -0.6 percent decrease since the beginning of the trading day. The stock's open price was 66.45. Linamar has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Linamar are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Automobiles & Components | Category Consumer Cyclical | Classification Consumer Discretionary |
Linamar Corporation together with its subsidiaries design, develop, and produce engineered products in Canada, Rest of North America, the Asia Pacific, and Europe. Linamar Corporation was founded in 1966 and is headquartered in Guelph, Canada. LINAMAR CORP operates under Auto Parts classification in Canada and is traded on Toronto Stock Exchange. The company has 61.58 M outstanding shares of which 375.38 K shares are now shorted by private and institutional investors with about 5.67 days to cover all short positions. More on Linamar
Moving together with Linamar Stock
| 0.7 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.81 | JPM | JPMorgan Chase | PairCorr |
| 0.71 | BOFA | Bank of America | PairCorr |
| 0.74 | MSFT | Microsoft Corp CDR | PairCorr |
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Linamar Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Linamar's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Linamar or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Linda Hasenfratz | ||||
| Business Concentration | Automotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors) | ||||
Linamar's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Linamar's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Linamar's financial leverage. It provides some insight into what part of Linamar's total assets is financed by creditors.
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Linamar (LNR) is traded on Toronto Exchange in Canada and employs 32,000 people. Linamar is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Linamar's market, we take the total number of its shares issued and multiply it by Linamar's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Linamar operates under Automobile Components sector and is part of Consumer Discretionary industry. The entity has 61.58 M outstanding shares of which 375.38 K shares are now shorted by private and institutional investors with about 5.67 days to cover all short positions.
Linamar has accumulated about 860.51 M in cash with 793.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.74.
Check Linamar Probability Of Bankruptcy
Ownership AllocationLinamar holds a total of 61.58 Million outstanding shares. Linamar holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Linamar Ownership Details
Linamar Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Linamar jumping above the current price in 90 days from now is about 66.76%. The Linamar probability density function shows the probability of Linamar stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.5267. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Linamar will likely underperform. Additionally, linamar has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Linamar to move above the current price in 90 days from now is about 66.76 (This Linamar probability density function shows the probability of Linamar Stock to fall within a particular range of prices over 90 days) .
Linamar Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Linamar market risk premium is the additional return an investor will receive from holding Linamar long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Linamar. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Linamar's alpha and beta are two of the key measurements used to evaluate Linamar's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.19 | |||
| Semi Deviation | 1.15 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.53 |
Linamar Stock Against Markets
Picking the right benchmark for Linamar stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Linamar stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Linamar is critical whether you are bullish or bearish towards Linamar at a given time. Please also check how Linamar's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Linamar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Linamar Corporate Management
Elected by the shareholders, the Linamar's board of directors comprises two types of representatives: Linamar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Linamar. The board's role is to monitor Linamar's management team and ensure that shareholders' interests are well served. Linamar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Linamar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kurt Buehler | Group MacDon | Profile | |
| Sean Congdon | Group Americas | Profile | |
| Chris Merchant | Global Fin | Profile | |
| Salvatore Cocca | Group Europe | Profile |
How to buy Linamar Stock?
Before investing in Linamar, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Linamar. To buy Linamar stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Linamar. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Linamar stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Linamar stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Linamar stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Linamar, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
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The danger of trading Linamar is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Linamar is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Linamar. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Linamar is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Linamar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Linamar Stock analysis
When running Linamar's price analysis, check to measure Linamar'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 Linamar is operating at the current time. Most of Linamar's value examination focuses on studying past and present price action to predict the probability of Linamar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Linamar's price. Additionally, you may evaluate how the addition of Linamar to your portfolios can decrease your overall portfolio volatility.
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