| VLE Stock | | | CAD 6.97 0.36 5.45% |
Valeura Energy financial indicator trend analysis is much more than just breaking down Valeura Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Valeura Energy is a good investment. Please check the relationship between Valeura Energy Capex To Depreciation and its Price To Sales Ratio accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Valeura 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.
Capex To Depreciation vs Price To Sales Ratio
Capex To Depreciation vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Valeura Energy Capex To Depreciation account and
Price To Sales Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Valeura Energy's Capex To Depreciation and Price To Sales Ratio is 0.39. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Valeura Energy, assuming nothing else is changed. The correlation between historical values of Valeura Energy's Capex To Depreciation and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Valeura Energy are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Depreciation i.e., Valeura Energy's Capex To Depreciation and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Valeura Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Valeura Energy sales, a figure that is much harder to manipulate than other Valeura Energy multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Valeura Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Valeura 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 Valeura 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.
At this time, Valeura Energy's
Enterprise Value is very stable compared to the past year.
Valeura Energy fundamental ratios Correlations
Click cells to compare fundamentals
Valeura Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Valeura Energy fundamental ratios Accounts
Pair Trading with Valeura 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 Valeura 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 Valeura Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Valeura 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 Valeura 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 Valeura 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 Valeura Energy to buy it.
The correlation of Valeura 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 Valeura Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valeura 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 Valeura 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.
Other Information on Investing in Valeura Stock
Balance Sheet is a snapshot of the
financial position of Valeura Energy at a specified time, usually calculated after every quarter, six months, or one year. Valeura Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Valeura Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Valeura currently owns. An asset can also be divided into two categories, current and non-current.