| VLE Stock | | | CAD 6.22 0.42 7.24% |
The current 90-days correlation between Valeura Energy and Pason Systems is 0.17 (i.e., Average diversification). 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.
Valeura Energy Correlation With Market
Good diversification
The correlation between Valeura Energy and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valeura Energy and DJI in the same portfolio, assuming nothing else is changed.
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.
Moving together with Valeura Stock
Moving against Valeura Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Valeura Stock performing well and Valeura Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Valeura Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Valeura Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
| | Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
Valeura Energy Corporate Management
Elected by the shareholders, the Valeura Energy's board of directors comprises two types of representatives: Valeura Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Valeura. The board's role is to monitor Valeura Energy's management team and ensure that shareholders' interests are well served. Valeura Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Valeura Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.