Vertex Cash from 2010 to 2024
| VTNR Stock | USD 0.08 0.01 20.00% |
Cash | First Reported 1996-06-30 | Previous Quarter 65.7 M | Current Value 18.9 M | Quarterly Volatility 24.4 M |
Check Vertex Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Vertex Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 32.7 M, Interest Expense of 125.5 M or Selling General Administrative of 173.7 M, as well as many indicators such as Price To Sales Ratio of 0.0868, Dividend Yield of 0.0036 or PTB Ratio of 1.55. Vertex financial statements analysis is a perfect complement when working with Vertex Energy Valuation or Volatility modules.
Vertex | Cash |
Pair Trading with Vertex 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 Vertex 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 Vertex Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Vertex Stock
Moving against Vertex Stock
| 0.73 | BDCO | Blue Dolphin Energy | PairCorr |
| 0.73 | EE | Excelerate Energy | PairCorr |
| 0.66 | AM | Antero Midstream Partners | PairCorr |
| 0.57 | AMTX | Aemetis | PairCorr |
| 0.56 | AE | Adams Resources Energy | PairCorr |
The ability to find closely correlated positions to Vertex 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 Vertex 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 Vertex 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 Vertex Energy to buy it.
The correlation of Vertex 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 Vertex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vertex 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 Vertex 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.Additional Tools for Vertex Stock Analysis
When running Vertex Energy's price analysis, check to measure Vertex Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vertex Energy is operating at the current time. Most of Vertex Energy's value examination focuses on studying past and present price action to predict the probability of Vertex Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vertex Energy's price. Additionally, you may evaluate how the addition of Vertex Energy to your portfolios can decrease your overall portfolio volatility.