Valeura Total Liab vs Cash 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 Total Liab and its Cash 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.

Total Liab vs Cash

Total Liab vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Valeura Energy Total Liab account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Valeura Energy's Total Liab and Cash is 0.94. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash 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 Total Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Valeura Energy are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Liab i.e., Valeura Energy's Total Liab and Cash go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Cash

Cash refers to the most liquid asset of Valeura Energy, which is listed under current asset account on Valeura Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Valeura Energy customers. The amounts must be unrestricted with restricted cash listed in a different Valeura Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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

  0.68ENB-PFV Enbridge Pref 5PairCorr
  0.71ENB-PFC Enbridge Pref 11PairCorr
  0.83ENS E Split CorpPairCorr
  0.83ENS-PA E Split CorpPairCorr

Moving against Valeura Stock

  0.83RCI-A Rogers CommunicationsPairCorr
  0.81ARA Aclara ResourcesPairCorr
  0.57CCL-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.