Neo Battery Cash Per Share vs. Current Valuation
| NBMFF Stock | USD 0.50 0.01 1.96% |
For Neo Battery profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Neo Battery to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Neo Battery Materials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Neo Battery's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Neo Battery Materials over time as well as its relative position and ranking within its peers.
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Neo Battery Materials Current Valuation vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Neo Battery's current stock value. Our valuation model uses many indicators to compare Neo Battery value to that of its competitors to determine the firm's financial worth. Neo Battery Materials is rated below average in cash per share category among its peers. It is rated below average in current valuation category among its peers reporting about 548,068,750 of Current Valuation per Cash Per Share. 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 Battery's earnings, one of the primary drivers of an investment's value.Neo Current Valuation vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.02 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 10.96 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Neo Current Valuation vs Competition
Neo Battery Materials is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Industrial Metals & Mining industry is now estimated at about 1.3 Billion. Neo Battery maintains roughly 10.96 Million in current valuation contributing less than 1% to all equities under Other Industrial Metals & Mining industry.
Neo Battery Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Neo Battery, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Neo Battery will eventually generate negative long term returns. The profitability progress is the general direction of Neo Battery's change in net profit over the period of time. It can combine multiple indicators of Neo Battery, 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 Battery Materials Ltd., a junior resource company, focuses on the exploration of battery metals in North America. NEO Battery Materials Ltd. was incorporated in 2006 and is headquartered in Vancouver, Canada. NEO Battery is traded on OTC Exchange in the United States.
Neo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Neo Battery. 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 Battery 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 Battery's important profitability drivers and their relationship over time.
Use Neo Battery 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 Battery 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 Battery will appreciate offsetting losses from the drop in the long position's value.Neo Battery Pair Trading
Neo Battery Materials Pair Trading Analysis
The ability to find closely correlated positions to Neo Battery 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 Battery 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 Battery - 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 Battery Materials to buy it.
The correlation of Neo Battery 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 Battery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neo Battery 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 Neo Battery 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 Battery position
In addition to having Neo Battery 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 Beer and Liquor Thematic Idea Now
Beer and Liquor
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Beer and Liquor theme has 32 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 Beer and Liquor Theme or any other thematic opportunities.
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Other Information on Investing in Neo OTC Stock
To fully project Neo Battery's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Neo Battery Materials 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 Battery's income statement, its balance sheet, and the statement of cash flows.