Valeura Energy Stock Market Value
| VLE Stock | CAD 6.21 0.01 0.16% |
| Symbol | Valeura |
Valeura Energy Price To Book Ratio
Valeura Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Valeura Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Valeura Energy.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Valeura Energy on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Valeura Energy or generate 0.0% return on investment in Valeura Energy over 30 days. Valeura Energy is related to or competes with Journey Energy, Yangarra Resources, and Pine Cliff. Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleu... More
Valeura Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Valeura Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Valeura Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.1245 | |||
| Maximum Drawdown | 21.94 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 7.14 |
Valeura Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Valeura Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Valeura Energy's standard deviation. In reality, there are many statistical measures that can use Valeura Energy historical prices to predict the future Valeura Energy's volatility.| Risk Adjusted Performance | 0.113 | |||
| Jensen Alpha | 0.531 | |||
| Total Risk Alpha | 0.4102 | |||
| Sortino Ratio | 0.1604 | |||
| Treynor Ratio | (1.43) |
Valeura Energy Backtested Returns
Valeura Energy appears to be moderately volatile, given 3 months investment horizon. Valeura Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Valeura Energy's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Valeura Energy's Risk Adjusted Performance of 0.113, semi deviation of 2.71, and Coefficient Of Variation of 754.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Valeura Energy holds a performance score of 12. The entity has a beta of -0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Valeura Energy are expected to decrease at a much lower rate. During the bear market, Valeura Energy is likely to outperform the market. Please check Valeura Energy's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Valeura Energy's existing price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Valeura Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Valeura Energy time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Valeura Energy price movement. The serial correlation of -0.72 indicates that around 72.0% of current Valeura Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Valeura Energy lagged returns against current returns
Autocorrelation, which is Valeura Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Valeura Energy's stock expected returns. We can calculate the autocorrelation of Valeura Energy returns to help us make a trade decision. For example, suppose you find that Valeura Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Valeura Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Valeura Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Valeura Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Valeura Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Valeura Energy Lagged Returns
When evaluating Valeura Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Valeura Energy stock have on its future price. Valeura Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Valeura Energy autocorrelation shows the relationship between Valeura Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Valeura Energy.
Regressed Prices |
| Timeline |
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 | PairCorr |
| 0.77 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.79 | ENS | E Split Corp | PairCorr |
| 0.83 | ENS-PA | E Split Corp | PairCorr |
Moving against Valeura Stock
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.Other Information on Investing in Valeura Stock
Valeura Energy financial ratios help investors to determine whether Valeura 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 Valeura with respect to the benefits of owning Valeura Energy security.