| VET Stock | | | CAD 13.52 0.29 2.10% |
Vermilion Energy financial indicator trend analysis is much more than just breaking down Vermilion Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vermilion Energy is a good investment. Please check the relationship between Vermilion Energy Net Interest Income and its Tax Provision accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vermilion Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Vermilion Stock, please use our
How to Invest in Vermilion Energy guide.
Net Interest Income vs Tax Provision
Net Interest Income vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Vermilion Energy Net Interest Income account and
Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Vermilion Energy's Net Interest Income and Tax Provision is -0.25. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Vermilion Energy, assuming nothing else is changed. The correlation between historical values of Vermilion Energy's Net Interest Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Vermilion Energy are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Interest Income i.e., Vermilion Energy's Net Interest Income and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.
Most indicators from Vermilion Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vermilion Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vermilion Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Vermilion Stock, please use our
How to Invest in Vermilion Energy guide.At this time, Vermilion Energy's
Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024,
Enterprise Value Over EBITDA is likely to grow to 7.65, though Tax Provision is likely to grow to (38.7
M).
Vermilion Energy fundamental ratios Correlations
Click cells to compare fundamentals
Vermilion Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vermilion Energy fundamental ratios Accounts
Pair Trading with Vermilion Energy
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 Vermilion Energy 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 Vermilion Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Vermilion Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vermilion Energy 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 Vermilion Energy - 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 Vermilion Energy to buy it.
The correlation of Vermilion Energy 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 Vermilion Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vermilion Energy 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 Vermilion Energy 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.
When determining whether Vermilion Energy is a good investment, qualitative aspects like company
management, corporate governance, and ethical practices play a significant role. A
comparison with peer companies also provides context and helps to understand if Vermilion Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Vermilion Energy Stock.
Highlighted below are key reports to facilitate an investment decision about Vermilion Energy Stock: Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Vermilion Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Vermilion Stock, please use our
How to Invest in Vermilion Energy guide.
You can also try the
Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Please note, there is a significant difference between Vermilion Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vermilion Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vermilion Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.