Neo Battery Total Debt vs. Net Income
| NBM Stock | CAD 0.88 0.03 3.53% |
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.
Neo |
Neo Battery Materials Net Income vs. Total Debt 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 top company in total debt category among its peers. It also is considered to be number one stock in net income category among its peers . Neo Battery reported Net Loss of (2.84 Million) in 2023. 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 Total Debt vs. Competition
Neo Battery Materials is rated top company in total debt category among its peers. Total debt of Materials industry is now estimated at about 325.99 Billion. Neo Battery adds roughly 725,427 in total debt claiming only tiny portion of all equities under Materials industry.
Neo Net Income vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Neo Battery |
| = | 725.43 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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 Battery |
| = | (2.84 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 Battery is currently under evaluation in net income category among its peers.
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.
| Last Reported | Projected for Next Year | ||
| Net Loss | -980.4 K | -1 M | |
| Net Interest Income | -27.4 K | -28.8 K | |
| Operating Income | -3.3 M | -3.2 M | |
| Net Loss | -3.5 M | -3.3 M | |
| Income Before Tax | -3.4 M | -3.2 M | |
| Total Other Income Expense Net | (31.00) | (32.55) | |
| Net Loss | -2.8 M | -3 M | |
| Interest Income | 2.6 K | 2.3 K | |
| Change To Netincome | -19.1 K | -18.1 K | |
| Net Loss | (0.03) | (0.03) | |
| Income Quality | 0.89 | 0.87 | |
| Net Income Per E B T | 0.85 | 0.68 |
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 Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Additional Tools for Neo Stock Analysis
When running Neo Battery's price analysis, check to measure Neo Battery'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 Neo Battery is operating at the current time. Most of Neo Battery's value examination focuses on studying past and present price action to predict the probability of Neo Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neo Battery's price. Additionally, you may evaluate how the addition of Neo Battery to your portfolios can decrease your overall portfolio volatility.