Vertex Inventory vs Property Plant And Equipment Gross Analysis
VTNR Stock | USD 0.07 0.0003 0.46% |
Vertex Energy financial indicator trend analysis is much more than just breaking down Vertex Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vertex Energy is a good investment. Please check the relationship between Vertex Energy Inventory and its Property Plant And Equipment Gross accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vertex 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 Vertex Stock, please use our How to Invest in Vertex Energy guide.
Inventory vs Property Plant And Equipment Gross
Inventory vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vertex Energy Inventory account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Vertex Energy's Inventory and Property Plant And Equipment Gross is 0.98. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Vertex Energy, assuming nothing else is changed. The correlation between historical values of Vertex Energy's Inventory and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Vertex Energy are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Inventory i.e., Vertex Energy's Inventory and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Inventory
Property Plant And Equipment Gross
Most indicators from Vertex Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vertex 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 Vertex 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 Vertex Stock, please use our How to Invest in Vertex Energy guide.At this time, Vertex Energy's Selling General Administrative is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value Over EBITDA is likely to grow to 107.88, while Discontinued Operations is likely to drop slightly above 14.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.5M | 79.9M | 119.6M | 125.5M | Depreciation And Amortization | 5.7M | 17.1M | 31.2M | 32.7M |
Vertex Energy fundamental ratios Correlations
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Vertex Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Vertex Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 120.8M | 122.1M | 266.1M | 689.4M | 854.6M | 897.4M | |
Other Current Liab | 375.9K | 15.0M | 6.2M | 207.5M | 213.6M | 412.2M | |
Total Current Liabilities | 24.8M | 23.9M | 49.2M | 248.6M | 328.8M | 345.3M | |
Total Stockholder Equity | 46.1M | 28.4M | 28.1M | 163.7M | 196.3M | 206.2M | |
Property Plant And Equipment Net | 81.2M | 81.3M | 16.8M | 299.4M | 487.0M | 511.4M | |
Net Debt | 50.0M | 36.3M | 35.7M | 142.7M | 269.9M | 283.4M | |
Retained Earnings | (59.2M) | (90.0M) | (110.6M) | (115.9M) | (187.4M) | (178.0M) | |
Accounts Payable | 7.6M | 3.3M | 10.1M | 21.0M | 75.0M | 78.8M | |
Cash | 4.1M | 10.9M | 36.1M | 141.3M | 80.6M | 84.6M | |
Non Current Assets Total | 93.4M | 92.3M | 31.9M | 316.0M | 502.6M | 527.7M | |
Non Currrent Assets Other | 840.8K | 1.6M | 14.8M | 2.2M | 4.0M | 4.3M | |
Cash And Short Term Investments | 4.1M | 10.9M | 36.1M | 141.3M | 80.6M | 84.6M | |
Net Receivables | 12.2M | 5.2M | 7.6M | 34.5M | 36.2M | 38.0M | |
Common Stock Total Equity | 43.4K | 45.6K | 63.3K | 76K | 68.4K | 34.8K | |
Common Stock Shares Outstanding | 41.0M | 45.5M | 56.3M | 70.7M | 85.6M | 89.9M | |
Liabilities And Stockholders Equity | 120.8M | 122.1M | 266.1M | 689.4M | 854.6M | 897.4M | |
Inventory | 6.5M | 4.4M | 3.7M | 135.5M | 182.1M | 191.2M | |
Other Current Assets | 4.5M | 12.2M | 114.0M | 62.1M | 56.8M | 59.6M | |
Other Stockholder Equity | 81.5M | 94.6M | 138.6M | 279.6M | 383.6M | 402.8M | |
Total Liab | 69.5M | 60.8M | 192.5M | 524.0M | 652.9M | 685.5M | |
Property Plant And Equipment Gross | 81.2M | 81.3M | 13.8M | 299.4M | 544.6M | 571.9M | |
Total Current Assets | 27.4M | 29.8M | 234.2M | 373.4M | 352.0M | 369.6M | |
Common Stock | 43.4K | 45.6K | 63.3K | 76K | 94K | 98.7K | |
Short Long Term Debt Total | 54.1M | 47.2M | 71.9M | 284.0M | 350.4M | 368.0M | |
Non Current Liabilities Total | 44.7M | 37.0M | 143.4M | 275.4M | 324.0M | 340.2M | |
Short Term Debt | 11.4M | 7.9M | 8.7M | 19.0M | 39.1M | 41.0M | |
Other Assets | 909.4K | 7.1M | 14.8M | 4.7M | 5.5M | 4.6M | |
Intangible Assets | 11.2M | 9.4M | 358.9K | 11.8M | 11.5M | 9.8M | |
Property Plant Equipment | 44.8M | 17.1M | 16.8M | 201.7M | 232.0M | 243.6M | |
Net Tangible Assets | 39.2M | 50.6M | 27.7M | 151.9M | 174.7M | 183.4M | |
Noncontrolling Interest In Consolidated Entity | 777.4K | 1.3M | 2.0M | 1.7M | 1.9M | 2.0M | |
Long Term Debt | 12.4M | 8.0M | 64.0M | 170.0M | 170.7M | 179.2M | |
Retained Earnings Total Equity | (59.2M) | (90.0M) | (110.6M) | (115.9M) | (104.3M) | (99.1M) | |
Capital Surpluse | 81.5M | 94.6M | 138.6M | 279.6M | 321.5M | 337.6M |
Pair Trading with Vertex 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 Vertex 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 Vertex Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Vertex Stock
0.57 | BDCO | Blue Dolphin Energy | PairCorr |
0.55 | AMTX | Aemetis | PairCorr |
0.53 | AM | Antero Midstream Partners | PairCorr |
0.49 | AE | Adams Resources Energy | PairCorr |
0.41 | AR | Antero Resources Corp | PairCorr |
The ability to find closely correlated positions to Vertex 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 Vertex 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 Vertex 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 Vertex Energy to buy it.
The correlation of Vertex 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 Vertex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vertex 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 Vertex 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.Additional Tools for Vertex Stock Analysis
When running Vertex Energy's price analysis, check to measure Vertex Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vertex Energy is operating at the current time. Most of Vertex Energy's value examination focuses on studying past and present price action to predict the probability of Vertex Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vertex Energy's price. Additionally, you may evaluate how the addition of Vertex Energy to your portfolios can decrease your overall portfolio volatility.