VNP Historical Valuation
| VNP Stock | CAD 6.45 0.04 0.62% |
Some fundamental drivers such as market cap or 5N Plus enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze 5N Plus valuation indicators such as Market Cap of 233.5 M or Working Capital of 0.0 to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of 5N Plus's future value.
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About VNP Valuation Data Analysis
Valuation is the financial process of determining what 5N Plus is worth. 5N Plus valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. 5N Plus valuation ratios help investors to determine whether VNP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VNP with respect to the benefits of owning 5N Plus security.
5N Plus Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as 5N Plus theoretical takeover price. In the event of an acquisition, an acquirer would have to take on 5N Plus debt, but would also pocket its cash. Enterprise Value is more accurate representation of 5N Plus value than its market capitalization because it takes into account all of 5N Plus existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with 5N Plus
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 5N Plus 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 5N Plus will appreciate offsetting losses from the drop in the long position's value.Moving against VNP Stock
| 0.66 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.63 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.58 | COST | Costco Wholesale Corp | PairCorr |
| 0.54 | WMT | Walmart Inc CDR | PairCorr |
| 0.43 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to 5N Plus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 5N Plus 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 5N Plus - 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 5N Plus to buy it.
The correlation of 5N Plus 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 5N Plus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 5N Plus 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 5N Plus 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 VNP Stock
Valuation is the financial process of determining what 5N Plus is worth. 5N Plus valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. 5N Plus valuation ratios help investors to determine whether VNP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VNP with respect to the benefits of owning 5N Plus security.