Neo Performance Materials Stock Market Value
| NEO Stock | CAD 17.22 0.22 1.29% |
| Symbol | Neo |
Neo Performance Materials Price To Book Ratio
Neo Performance 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Neo Performance's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Neo Performance.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Neo Performance on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Neo Performance Materials or generate 0.0% return on investment in Neo Performance over 90 days. Neo Performance is related to or competes with AirBoss Of, 5N Plus, Nano One, Neo Performance, Graphene Manufacturing, Ero Copper, and Energy Fuels. Neo Performance Materials Inc., through its subsidiaries, manufactures rare earth and rare metal-based functional materi... More
Neo Performance Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Neo Performance's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Neo Performance Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.2407 | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 6.01 |
Neo Performance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Performance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Performance's standard deviation. In reality, there are many statistical measures that can use Neo Performance historical prices to predict the future Neo Performance's volatility.| Risk Adjusted Performance | 0.2778 | |||
| Total Risk Alpha | 0.4122 | |||
| Sortino Ratio | 0.2601 |
Neo Performance Materials Backtested Returns
Neo Performance appears to be not too volatile, given 3 months investment horizon. Neo Performance Materials has Sharpe Ratio of 0.3, which conveys that the firm had a 0.3 % return per unit of risk over the last 3 months. By analyzing Neo Performance's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please exercise Neo Performance's Risk Adjusted Performance of 0.2778, coefficient of variation of 343.9, and Semi Deviation of 2.11 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neo Performance holds a performance score of 23. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Neo Performance are completely uncorrelated. Please check Neo Performance's skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Neo Performance's current price movements will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Neo Performance Materials has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Neo Performance time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Neo Performance Materials price movement. The serial correlation of -0.75 indicates that around 75.0% of current Neo Performance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 3.24 |
Neo Performance Materials lagged returns against current returns
Autocorrelation, which is Neo Performance stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Neo Performance's stock expected returns. We can calculate the autocorrelation of Neo Performance returns to help us make a trade decision. For example, suppose you find that Neo Performance has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Neo Performance regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Neo Performance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Performance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Performance stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Performance Lagged Returns
When evaluating Neo Performance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Performance stock have on its future price. Neo Performance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Neo Performance autocorrelation shows the relationship between Neo Performance stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Performance Materials.
Regressed Prices |
| Timeline |
Pair Trading with Neo Performance
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 Performance 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 Performance will appreciate offsetting losses from the drop in the long position's value.Moving together with Neo Stock
| 0.77 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.88 | FDY | Faraday Copper Corp | PairCorr |
Moving against Neo Stock
| 0.84 | DFR | Diamond Fields Resources | PairCorr |
| 0.83 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.55 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.37 | ORE | Orezone Gold Corp | PairCorr |
The ability to find closely correlated positions to Neo Performance 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 Performance 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 Performance - 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 Performance Materials to buy it.
The correlation of Neo Performance 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 Performance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neo Performance 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 Performance 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 Neo Stock
Neo Performance financial ratios help investors to determine whether Neo 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 Neo with respect to the benefits of owning Neo Performance security.