Neo Performance Ownership
| NEO Stock | CAD 17.00 0.46 2.78% |
Shares in Circulation | First Issued 2016-06-30 | Previous Quarter 42.3 M | Current Value 87.6 M | Avarage Shares Outstanding 39.5 M | Quarterly Volatility 12.7 M |
Neo |
Neo Stock Ownership Analysis
About 22.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.25. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Neo Performance Materials recorded a loss per share of 0.51. The entity last dividend was issued on the 17th of June 2025. The firm had 1:100 split on the 16th of April 2003. Neo Performance Materials Inc., through its subsidiaries, manufactures rare earth and rare metal-based functional materials in Canada and internationally. Neo Performance Materials Inc. was founded in 1994 and is headquartered in Toronto, Canada. NEO PERFORMANCE operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 1819 people. To find out more about Neo Performance Materials contact BASc MASc at 416 367 8588 or learn more at https://www.neomaterials.com.Neo Performance Outstanding Bonds
Neo Performance 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. Neo Performance 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 Neo bonds can be classified according to their maturity, which is the date when Neo Performance 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.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
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.