Valeura Net Receivables vs Property Plant Equipment Analysis

VLE Stock

CAD 6.21 0.01 0.16%

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 Receivables and its Property Plant Equipment 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 Receivables vs Property Plant Equipment

Net Receivables vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Valeura Energy Net Receivables account and Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Valeura Energy's Net Receivables and Property Plant Equipment is -0.44. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Property Plant Equipment 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 Receivables and Property Plant Equipment 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 Receivables of Valeura Energy are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Receivables i.e., Valeura Energy's Net Receivables and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Property Plant Equipment

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 Expenses	5.7M	8.4M	298.1M	313.0M
Cost Of Revenue	1.9M	5.8M	195.4M	205.2M

Total Operating Expenses Cost Of Revenue

Valeura Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Non Current Liabilities Total	Inventory	Other Current Assets	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Non Currrent Assets Other
Total Assets		0.98	0.99	0.99	0.99	-0.71	0.67	0.83	0.95	0.99	0.95	1.0	0.32	0.22	-0.03	1.0	1.0	0.98	0.36	0.99	0.99	0.79	0.97	0.99	0.98	0.6
Other Current Liab	0.98		0.99	0.94	0.96	-0.7	0.62	0.73	0.95	0.96	0.95	0.97	0.32	0.24	-0.06	0.99	0.97	0.99	0.37	0.99	0.99	0.85	0.99	0.99	0.99	0.69
Total Current Liabilities	0.99	0.99		0.96	0.98	-0.69	0.66	0.8	0.95	0.98	0.95	0.99	0.29	0.22	-0.05	1.0	0.99	0.99	0.34	1.0	1.0	0.82	0.98	1.0	1.0	0.64
Total Stockholder Equity	0.99	0.94	0.96		0.99	-0.74	0.68	0.86	0.94	0.98	0.94	0.98	0.35	0.22	-0.03	0.96	0.98	0.96	0.4	0.96	0.96	0.74	0.92	0.95	0.94	0.53
Property Plant And Equipment Net	0.99	0.96	0.98	0.99		-0.64	0.72	0.85	0.91	1.0	0.91	0.99	0.26	0.16	-0.02	0.98	1.0	0.96	0.3	0.99	0.98	0.75	0.94	0.97	0.97	0.52
Net Debt	-0.71	-0.7	-0.69	-0.74	-0.64		-0.29	-0.67	-0.88	-0.64	-0.88	-0.71	-0.63	-0.49	0.16	-0.68	-0.66	-0.79	-0.66	-0.66	-0.68	-0.55	-0.7	-0.67	-0.66	-0.59
Retained Earnings	0.67	0.62	0.66	0.68	0.72	-0.29		0.69	0.52	0.71	0.52	0.7	-0.34	-0.38	-0.1	0.66	0.69	0.6	-0.32	0.65	0.66	0.47	0.55	0.68	0.62	-0.07
Accounts Payable	0.83	0.73	0.8	0.86	0.85	-0.67	0.69		0.79	0.84	0.79	0.83	0.24	0.18	-0.11	0.8	0.83	0.79	0.28	0.8	0.78	0.49	0.71	0.77	0.76	0.22
Cash	0.95	0.95	0.95	0.94	0.91	-0.88	0.52	0.79		0.91	1.0	0.94	0.48	0.37	-0.1	0.94	0.92	0.98	0.52	0.93	0.94	0.77	0.95	0.94	0.94	0.7
Non Current Assets Total	0.99	0.96	0.98	0.98	1.0	-0.64	0.71	0.84	0.91		0.91	0.99	0.26	0.17	-0.02	0.98	1.0	0.96	0.31	0.99	0.98	0.75	0.94	0.97	0.97	0.53
Cash And Short Term Investments	0.95	0.95	0.95	0.94	0.91	-0.88	0.52	0.79	1.0	0.91		0.94	0.48	0.37	-0.1	0.94	0.92	0.98	0.52	0.93	0.94	0.77	0.95	0.94	0.94	0.7
Net Receivables	1.0	0.97	0.99	0.98	0.99	-0.71	0.7	0.83	0.94	0.99	0.94		0.28	0.18	-0.05	0.99	0.99	0.98	0.33	0.99	0.99	0.77	0.96	0.98	0.98	0.57
Common Stock Total Equity	0.32	0.32	0.29	0.35	0.26	-0.63	-0.34	0.24	0.48	0.26	0.48	0.28		0.92	0.12	0.29	0.27	0.39	1.0	0.29	0.28	0.35	0.36	0.25	0.29	0.59
Common Stock Shares Outstanding	0.22	0.24	0.22	0.22	0.16	-0.49	-0.38	0.18	0.37	0.17	0.37	0.18	0.92		0.28	0.22	0.18	0.29	0.9	0.22	0.21	0.31	0.28	0.18	0.22	0.49
Other Stockholder Equity	-0.03	-0.06	-0.05	-0.03	-0.02	0.16	-0.1	-0.11	-0.1	-0.02	-0.1	-0.05	0.12	0.28		-0.04	-0.03	-0.05	0.12	-0.03	-0.04	0.17	-0.04	-0.05	-0.04	-0.06
Total Liab	1.0	0.99	1.0	0.96	0.98	-0.68	0.66	0.8	0.94	0.98	0.94	0.99	0.29	0.22	-0.04		0.99	0.98	0.34	1.0	1.0	0.81	0.98	1.0	1.0	0.63
Property Plant And Equipment Gross	1.0	0.97	0.99	0.98	1.0	-0.66	0.69	0.83	0.92	1.0	0.92	0.99	0.27	0.18	-0.03	0.99		0.97	0.32	0.99	0.99	0.77	0.96	0.99	0.98	0.57
Total Current Assets	0.98	0.99	0.99	0.96	0.96	-0.79	0.6	0.79	0.98	0.96	0.98	0.98	0.39	0.29	-0.05	0.98	0.97		0.43	0.98	0.99	0.83	0.98	0.98	0.98	0.68
Common Stock	0.36	0.37	0.34	0.4	0.3	-0.66	-0.32	0.28	0.52	0.31	0.52	0.33	1.0	0.9	0.12	0.34	0.32	0.43		0.34	0.32	0.39	0.4	0.3	0.34	0.62
Non Current Liabilities Total	0.99	0.99	1.0	0.96	0.99	-0.66	0.65	0.8	0.93	0.99	0.93	0.99	0.29	0.22	-0.03	1.0	0.99	0.98	0.34		1.0	0.8	0.98	0.99	1.0	0.62
Inventory	0.99	0.99	1.0	0.96	0.98	-0.68	0.66	0.78	0.94	0.98	0.94	0.99	0.28	0.21	-0.04	1.0	0.99	0.99	0.32	1.0		0.82	0.99	1.0	1.0	0.64
Other Current Assets	0.79	0.85	0.82	0.74	0.75	-0.55	0.47	0.49	0.77	0.75	0.77	0.77	0.35	0.31	0.17	0.81	0.77	0.83	0.39	0.8	0.82		0.85	0.81	0.81	0.72
Short Long Term Debt Total	0.97	0.99	0.98	0.92	0.94	-0.7	0.55	0.71	0.95	0.94	0.95	0.96	0.36	0.28	-0.04	0.98	0.96	0.98	0.4	0.98	0.99	0.85		0.98	0.99	0.76
Current Deferred Revenue	0.99	0.99	1.0	0.95	0.97	-0.67	0.68	0.77	0.94	0.97	0.94	0.98	0.25	0.18	-0.05	1.0	0.99	0.98	0.3	0.99	1.0	0.81	0.98		0.99	0.63
Short Term Debt	0.98	0.99	1.0	0.94	0.97	-0.66	0.62	0.76	0.94	0.97	0.94	0.98	0.29	0.22	-0.04	1.0	0.98	0.98	0.34	1.0	1.0	0.81	0.99	0.99		0.67
Non Currrent Assets Other	0.6	0.69	0.64	0.53	0.52	-0.59	-0.07	0.22	0.7	0.53	0.7	0.57	0.59	0.49	-0.06	0.63	0.57	0.68	0.62	0.62	0.64	0.72	0.76	0.63	0.67

Click cells to compare fundamentals

Valeura Energy Account Relationship Matchups

Valeura Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	81.7M	54.9M	45.2M	64.0M	704.3M	739.5M
Other Current Liab	5.3M	10.2M	(90.2K)	4.2M	88.6M	93.0M
Total Current Liabilities	5.4M	10.7M	341K	11.1M	217.5M	228.3M
Total Stockholder Equity	66.3M	42.0M	43.1M	26.0M	284.2M	298.4M
Property Plant And Equipment Net	38.4M	1.9M	1.2M	26.2M	410.8M	431.3M
Net Debt	(36.0M)	(30.1M)	(40.8M)	(6.4M)	(60.2M)	(57.2M)
Retained Earnings	(85.4M)	(104.9M)	(169.4M)	(185.8M)	46.3M	48.6M
Accounts Payable	5.4M	506K	341K	970K	21.9M	23.0M
Cash	36.1M	30.1M	40.8M	17.5M	133.9M	140.6M
Non Current Assets Total	38.6M	1.9M	1.2M	39.7M	410.8M	431.3M
Cash And Short Term Investments	36.1M	30.1M	40.8M	17.5M	133.9M	140.6M
Net Receivables	5.6M	199K	2.9M	2.2M	66.1M	69.4M
Common Stock Shares Outstanding	86.6M	86.6M	86.6M	86.6M	104.6M	52.7M
Liabilities And Stockholders Equity	81.7M	54.9M	45.2M	64.0M	704.3M	739.5M
Other Stockholder Equity	21.2M	22.4M	22.7M	23.0M	24.3M	18.9M
Total Liab	15.3M	12.9M	2.1M	35.6M	420.1M	441.1M
Property Plant And Equipment Gross	38.4M	1.9M	10.0M	39.3M	572.1M	600.7M
Total Current Assets	43.0M	52.9M	44.0M	24.3M	293.6M	308.2M
Accumulated Other Comprehensive Income	(49.3M)	(55.3M)	10.1M	8.7M	10.4M	10.9M
Common Stock	116.7M	150.7M	179.7M	180.1M	203.1M	148.5M
Non Current Liabilities Total	10.0M	2.2M	1.8M	24.5M	202.7M	212.8M
Other Current Assets	1.1M	22.8M	276K	4.1M	28.4M	29.8M
Non Currrent Assets Other	(683.3K)	(106.6K)	258K	13.5M	15.5M	16.3M
Other Liab	13.1M	9.9M	2.2M	1.8M	1.6M	1.5M
Net Tangible Assets	70.9M	66.3M	42.0M	43.1M	38.8M	50.2M
Property Plant Equipment	39.8M	38.4M	1.9M	1.2M	1.1M	1.0M
Capital Surpluse	19.5M	21.2M	22.4M	22.7M	26.1M	21.4M
Net Invested Capital	66.3M	42.0M	43.1M	37.1M	284.2M	298.4M
Net Working Capital	37.6M	42.2M	43.7M	13.2M	76.1M	40.7M

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

0.76	ENB-PFV	Enbridge Pref 5	Pair Corr
0.77	ENB-PFC	Enbridge Pref 11	Pair Corr
0.79	ENS	E Split Corp	Pair Corr
0.83	ENS-PA	E Split Corp	Pair Corr

Moving against Valeura Stock

0.39

DELX

DelphX Capital Markets

Pair Corr

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 Correlation Correlation 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.

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Valeura Net Receivables vs Property Plant Equipment Analysis

Net Receivables vs Property Plant Equipment

Net Receivables vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Net Receivables

Property Plant Equipment

Valeura Energy fundamental ratios Correlations

Valeura Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Valeura Energy fundamental ratios Accounts

Pair Trading with Valeura Energy

Moving together with Valeura Stock

Moving against Valeura Stock

Other Information on Investing in Valeura Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Receivables	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Inventory	+ 1.0	Total Current Liabilities

Cash And Short Term Investments	- 0.88	Net Debt
Cash	- 0.88	Net Debt
Total Current Assets	- 0.79	Net Debt
Net Debt	- 0.74	Total Stockholder Equity
Net Receivables	- 0.71	Net Debt
Net Debt	- 0.71	Total Assets