NEO PERFORMMAT Return On Asset vs. Net Income
| N14 Stock | EUR 5.28 0.15 2.92% |
For NEO PERFORMMAT profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NEO PERFORMMAT to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NEO PERFORMMAT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NEO PERFORMMAT's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NEO PERFORMMAT over time as well as its relative position and ranking within its peers.
NEO |
NEO PERFORMMAT Net Income vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NEO PERFORMMAT's current stock value. Our valuation model uses many indicators to compare NEO PERFORMMAT value to that of its competitors to determine the firm's financial worth. NEO PERFORMMAT is considered to be number one stock in return on asset category among its peers. It also is considered to be number one stock in net income category among its peers making up about 325,105,783 of Net Income per Return On Asset. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NEO PERFORMMAT's earnings, one of the primary drivers of an investment's value.NEO Net Income vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
NEO PERFORMMAT |
| = | 0.0709 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
NEO PERFORMMAT |
| = | 23.05 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
NEO Net Income Comparison
NEO PERFORMMAT is currently under evaluation in net income category among its peers.
NEO PERFORMMAT Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NEO PERFORMMAT, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NEO PERFORMMAT will eventually generate negative long term returns. The profitability progress is the general direction of NEO PERFORMMAT's change in net profit over the period of time. It can combine multiple indicators of NEO PERFORMMAT, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Neo Performance Materials Inc. manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company was founded in 1994 and is headquartered in Toronto, Canada. NEO PERFORM is traded on Frankfurt Stock Exchange in Germany.
NEO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NEO PERFORMMAT. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NEO PERFORMMAT position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NEO PERFORMMAT's important profitability drivers and their relationship over time.
Use NEO PERFORMMAT in pair-trading
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 NEO PERFORMMAT 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 NEO PERFORMMAT will appreciate offsetting losses from the drop in the long position's value.NEO PERFORMMAT Pair Trading
NEO PERFORMMAT Pair Trading Analysis
The ability to find closely correlated positions to NEO PERFORMMAT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEO PERFORMMAT 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 NEO PERFORMMAT - 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 NEO PERFORMMAT to buy it.
The correlation of NEO PERFORMMAT 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 NEO PERFORMMAT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEO PERFORMMAT 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 NEO PERFORMMAT 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.Use Investing Themes to Complement your NEO PERFORMMAT position
In addition to having NEO PERFORMMAT in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Materials ETFs Thematic Idea Now
Materials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Materials ETFs Theme or any other thematic opportunities.
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Other Information on Investing in NEO Stock
To fully project NEO PERFORMMAT's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NEO PERFORMMAT at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NEO PERFORMMAT's income statement, its balance sheet, and the statement of cash flows.