Valeura Net Income From Continuing Ops vs Selling General Administrative Analysis

VLE Stock  CAD 6.63  0.34  4.88%   
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 Net Income From Continuing Ops and its Selling General Administrative 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.

Net Income From Continuing Ops vs Selling General Administrative

Net Income From Continuing Ops vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Valeura Energy Net Income From Continuing Ops account and Selling General Administrative. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Valeura Energy's Net Income From Continuing Ops and Selling General Administrative is 0.95. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Selling General Administrative 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 Net Income From Continuing Ops and Selling General Administrative 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 Income From Continuing Ops of Valeura Energy are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Net Income From Continuing Ops i.e., Valeura Energy's Net Income From Continuing Ops and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income From Continuing Ops

Selling General Administrative

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.
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.7M8.4M298.1M313.0M
Cost Of Revenue1.9M5.8M195.4M205.2M

Valeura Energy fundamental ratios Correlations

0.980.990.990.99-0.710.670.830.950.990.951.00.320.22-0.031.01.00.980.360.990.990.790.970.990.980.6
0.980.990.940.96-0.70.620.730.950.960.950.970.320.24-0.060.990.970.990.370.990.990.850.990.990.990.69
0.990.990.960.98-0.690.660.80.950.980.950.990.290.22-0.051.00.990.990.341.01.00.820.981.01.00.64
0.990.940.960.99-0.740.680.860.940.980.940.980.350.22-0.030.960.980.960.40.960.960.740.920.950.940.53
0.990.960.980.99-0.640.720.850.911.00.910.990.260.16-0.020.981.00.960.30.990.980.750.940.970.970.52
-0.71-0.7-0.69-0.74-0.64-0.29-0.67-0.88-0.64-0.88-0.71-0.63-0.490.16-0.68-0.66-0.79-0.66-0.66-0.68-0.55-0.7-0.67-0.66-0.59
0.670.620.660.680.72-0.290.690.520.710.520.7-0.34-0.38-0.10.660.690.6-0.320.650.660.470.550.680.62-0.07
0.830.730.80.860.85-0.670.690.790.840.790.830.240.18-0.110.80.830.790.280.80.780.490.710.770.760.22
0.950.950.950.940.91-0.880.520.790.911.00.940.480.37-0.10.940.920.980.520.930.940.770.950.940.940.7
0.990.960.980.981.0-0.640.710.840.910.910.990.260.17-0.020.981.00.960.310.990.980.750.940.970.970.53
0.950.950.950.940.91-0.880.520.791.00.910.940.480.37-0.10.940.920.980.520.930.940.770.950.940.940.7
1.00.970.990.980.99-0.710.70.830.940.990.940.280.18-0.050.990.990.980.330.990.990.770.960.980.980.57
0.320.320.290.350.26-0.63-0.340.240.480.260.480.280.920.120.290.270.391.00.290.280.350.360.250.290.59
0.220.240.220.220.16-0.49-0.380.180.370.170.370.180.920.280.220.180.290.90.220.210.310.280.180.220.49
-0.03-0.06-0.05-0.03-0.020.16-0.1-0.11-0.1-0.02-0.1-0.050.120.28-0.04-0.03-0.050.12-0.03-0.040.17-0.04-0.05-0.04-0.06
1.00.991.00.960.98-0.680.660.80.940.980.940.990.290.22-0.040.990.980.341.01.00.810.981.01.00.63
1.00.970.990.981.0-0.660.690.830.921.00.920.990.270.18-0.030.990.970.320.990.990.770.960.990.980.57
0.980.990.990.960.96-0.790.60.790.980.960.980.980.390.29-0.050.980.970.430.980.990.830.980.980.980.68
0.360.370.340.40.3-0.66-0.320.280.520.310.520.331.00.90.120.340.320.430.340.320.390.40.30.340.62
0.990.991.00.960.99-0.660.650.80.930.990.930.990.290.22-0.031.00.990.980.341.00.80.980.991.00.62
0.990.991.00.960.98-0.680.660.780.940.980.940.990.280.21-0.041.00.990.990.321.00.820.991.01.00.64
0.790.850.820.740.75-0.550.470.490.770.750.770.770.350.310.170.810.770.830.390.80.820.850.810.810.72
0.970.990.980.920.94-0.70.550.710.950.940.950.960.360.28-0.040.980.960.980.40.980.990.850.980.990.76
0.990.991.00.950.97-0.670.680.770.940.970.940.980.250.18-0.051.00.990.980.30.991.00.810.980.990.63
0.980.991.00.940.97-0.660.620.760.940.970.940.980.290.22-0.041.00.980.980.341.01.00.810.990.990.67
0.60.690.640.530.52-0.59-0.070.220.70.530.70.570.590.49-0.060.630.570.680.620.620.640.720.760.630.67
Click cells to compare fundamentals

Valeura Energy Account Relationship Matchups

Valeura Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets81.7M54.9M45.2M64.0M704.3M739.5M
Other Current Liab5.3M10.2M(90.2K)4.2M88.6M93.0M
Total Current Liabilities5.4M10.7M341K11.1M217.5M228.3M
Total Stockholder Equity66.3M42.0M43.1M26.0M284.2M298.4M
Property Plant And Equipment Net38.4M1.9M1.2M26.2M410.8M431.3M
Net Debt(36.0M)(30.1M)(40.8M)(6.4M)(60.2M)(57.2M)
Retained Earnings(85.4M)(104.9M)(169.4M)(185.8M)46.3M48.6M
Accounts Payable5.4M506K341K970K21.9M23.0M
Cash36.1M30.1M40.8M17.5M133.9M140.6M
Non Current Assets Total38.6M1.9M1.2M39.7M410.8M431.3M
Cash And Short Term Investments36.1M30.1M40.8M17.5M133.9M140.6M
Net Receivables5.6M199K2.9M2.2M66.1M69.4M
Common Stock Shares Outstanding86.6M86.6M86.6M86.6M104.6M52.7M
Liabilities And Stockholders Equity81.7M54.9M45.2M64.0M704.3M739.5M
Other Stockholder Equity21.2M22.4M22.7M23.0M24.3M18.9M
Total Liab15.3M12.9M2.1M35.6M420.1M441.1M
Property Plant And Equipment Gross38.4M1.9M10.0M39.3M572.1M600.7M
Total Current Assets43.0M52.9M44.0M24.3M293.6M308.2M
Accumulated Other Comprehensive Income(49.3M)(55.3M)10.1M8.7M10.4M10.9M
Common Stock116.7M150.7M179.7M180.1M203.1M148.5M
Non Current Liabilities Total10.0M2.2M1.8M24.5M202.7M212.8M
Other Current Assets1.1M22.8M276K4.1M28.4M29.8M
Non Currrent Assets Other(683.3K)(106.6K)258K13.5M15.5M16.3M
Other Liab13.1M9.9M2.2M1.8M1.6M1.5M
Net Tangible Assets70.9M66.3M42.0M43.1M38.8M50.2M
Property Plant Equipment39.8M38.4M1.9M1.2M1.1M1.0M
Capital Surpluse19.5M21.2M22.4M22.7M26.1M21.4M
Net Invested Capital66.3M42.0M43.1M37.1M284.2M298.4M
Net Working Capital37.6M42.2M43.7M13.2M76.1M40.7M

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.

Moving together with Valeura Stock

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  0.73ENB-PFC Enbridge Pref 11PairCorr
  0.82ENS E Split CorpPairCorr
  0.83ENS-PA E Split CorpPairCorr

Moving against Valeura Stock

  0.85RCI-A Rogers CommunicationsPairCorr
  0.8ARA Aclara ResourcesPairCorr
  0.66CCL-A CCL IndustriesPairCorr
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.
Pair CorrelationCorrelation Matching

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.