Valeura Historical Valuation
| VLE Stock | CAD 6.21 0.01 0.16% |
Some fundamental drivers such as market cap or Valeura Energy enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Valeura Energy valuation indicators such as Market Cap of 223.1 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 Valeura Energy's future value.
Valeura |
About Valeura Valuation Data Analysis
Valuation is the financial process of determining what Valeura Energy is worth. Valeura Energy 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. Valeura Energy valuation 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.
Valeura Energy Valuation Data Chart
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
Valuation is the financial process of determining what Valeura Energy is worth. Valeura Energy 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. Valeura Energy valuation 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.