NextSource Materials Ownership
| NEXT Stock | CAD 0.83 0.01 1.22% |
Shares in Circulation | First Issued 2004-12-31 | Previous Quarter 155.8 M | Current Value 114.4 M | Avarage Shares Outstanding 39.8 M | Quarterly Volatility 41.1 M |
NextSource |
NextSource Stock Ownership Analysis
About 49.0% of the company outstanding shares are owned by corporate insiders. The book value of NextSource Materials was now reported as 0.34. The company recorded a loss per share of 0.08. NextSource Materials had not issued any dividends in recent years. The entity had 1:10 split on the 25th of May 2021. NextSource Materials Inc. acquires, explores for, and develops mineral properties in Madagascar and Canada. NextSource Materials Inc. was founded in 2004 and is headquartered in Toronto, Canada. NEXTSOURCE MATERIALS operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 4 people. To find out more about NextSource Materials contact the company at 416 364 4911 or learn more at https://www.nextsourcematerials.com.NextSource Materials Outstanding Bonds
NextSource Materials issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NextSource Materials uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NextSource bonds can be classified according to their maturity, which is the date when NextSource Materials has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| International Game Technology Corp BondUS460599AD57 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with NextSource Materials
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 NextSource Materials 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 NextSource Materials will appreciate offsetting losses from the drop in the long position's value.Moving together with NextSource Stock
Moving against NextSource Stock
| 0.72 | IE | Ivanhoe Energy | PairCorr |
| 0.65 | FDY | Faraday Copper Corp | PairCorr |
| 0.62 | INFM | Infinico Metals Corp | PairCorr |
| 0.44 | AG | First Majestic Silver | PairCorr |
| 0.43 | NA | National Bank | PairCorr |
The ability to find closely correlated positions to NextSource Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NextSource Materials 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 NextSource Materials - 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 NextSource Materials to buy it.
The correlation of NextSource Materials 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 NextSource Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NextSource Materials 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 NextSource Materials 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.Other Information on Investing in NextSource Stock
NextSource Materials financial ratios help investors to determine whether NextSource 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 NextSource with respect to the benefits of owning NextSource Materials security.