Via Financial Statements From 2010 to 2024
| VIASP Preferred Stock | USD 22.22 0.17 0.77% |
Check Via Renewables financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Via Renewables' main balance sheet or income statement drivers, such as , as well as many indicators such as . Via financial statements analysis is a perfect complement when working with Via Renewables Valuation or Volatility modules.
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Via Renewables Company Price To Earning Analysis
Via Renewables' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Via Renewables Price To Earning | 26.83 X |
Most of Via Renewables' fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Via Renewables is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Via Renewables has a Price To Earning of 26.83 times. This is 11.16% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Electric industry. The price to earning for all United States preferred stocks is 6.58% higher than that of the company.
Via Renewables Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Via Renewables's current stock value. Our valuation model uses many indicators to compare Via Renewables value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Via Renewables competition to find correlations between indicators driving Via Renewables's intrinsic value. More Info.Via Renewables is rated first in price to earning category among its peers. It is rated first in beta category among its peers totaling about 0.04 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Via Renewables is roughly 23.12 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Via Renewables' earnings, one of the primary drivers of an investment's value.Via Renewables' Earnings Breakdown by Geography
About Via Renewables Financial Statements
Via Renewables shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Via Renewables investors may analyze each financial statement separately, they are all interrelated. The changes in Via Renewables' assets and liabilities, for example, are also reflected in the revenues and expenses on on Via Renewables' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Via Renewables, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. Via Renewables, Inc. was founded in 1999 and is headquartered in Houston, Texas. Via Renewables operates under UtilitiesRegulated Electric classification in the United States and is traded on NASDAQ Exchange. It employs 169 people.
Pair Trading with Via Renewables
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 Via Renewables 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 Via Renewables will appreciate offsetting losses from the drop in the long position's value.Moving against Via Preferred Stock
| 0.64 | NGG | National Grid PLC | PairCorr |
| 0.63 | NEE | Nextera Energy Aggressive Push | PairCorr |
| 0.6 | ED | Consolidated Edison Sell-off Trend | PairCorr |
| 0.6 | ES | Eversource Energy | PairCorr |
| 0.56 | FE | FirstEnergy | PairCorr |
The ability to find closely correlated positions to Via Renewables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Via Renewables 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 Via Renewables - 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 Via Renewables to buy it.
The correlation of Via Renewables 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 Via Renewables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Via Renewables 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 Via Renewables 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 Via Preferred Stock Analysis
When running Via Renewables' price analysis, check to measure Via Renewables' 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 Via Renewables is operating at the current time. Most of Via Renewables' value examination focuses on studying past and present price action to predict the probability of Via Renewables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Via Renewables' price. Additionally, you may evaluate how the addition of Via Renewables to your portfolios can decrease your overall portfolio volatility.