Valero Income Quality from 2010 to 2024
| VLO Stock | USD 141.11 0.09 0.06% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 1.04779746 | Current Value 1 | Quarterly Volatility 0.89952351 |
Check Valero Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Valero Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 B, Total Revenue of 146 B or Gross Profit of 3.8 B, as well as many indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.021 or PTB Ratio of 0.88. Valero financial statements analysis is a perfect complement when working with Valero Energy Valuation or Volatility modules.
Valero | Income Quality |
Latest Valero Energy's Income Quality Growth Pattern
Below is the plot of the Income Quality of Valero Energy over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Valero Energy's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Valero Energy's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Valero Income Quality Regression Statistics
| Arithmetic Mean | 1.09 | |
| Coefficient Of Variation | 82.69 | |
| Mean Deviation | 0.66 | |
| Median | 1.14 | |
| Standard Deviation | 0.90 | |
| Sample Variance | 0.81 | |
| Range | 3.4533 | |
| R-Value | (0.61) | |
| Mean Square Error | 0.55 | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | (0.12) | |
| Total Sum of Squares | 11.33 |
Valero Income Quality History
About Valero Energy Financial Statements
Valero Energy investors utilize fundamental indicators, such as Income Quality, to predict how Valero Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | 1.05 | 1.00 |
Pair Trading with Valero 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 Valero 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 Valero Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Valero Stock
Moving against Valero Stock
The ability to find closely correlated positions to Valero 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 Valero 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 Valero 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 Valero Energy to buy it.
The correlation of Valero 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 Valero Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valero 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 Valero 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.Check out the analysis of Valero Energy Correlation against competitors. To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Valero Energy. If investors know Valero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Valero Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Dividend Share 4.23 | Earnings Share 11.38 | Revenue Per Share 393.974 | Quarterly Revenue Growth (0.15) |
The market value of Valero Energy is measured differently than its book value, which is the value of Valero that is recorded on the company's balance sheet. Investors also form their own opinion of Valero Energy's value that differs from its market value or its book value, called intrinsic value, which is Valero Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valero Energy's market value can be influenced by many factors that don't directly affect Valero Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Valero Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valero Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valero Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.