Vertex Energy Stock Market Value
| VTNR Stock | USD 0.07 0.0002 0.27% |
| Symbol | Vertex |
Is Stock 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 Vertex Energy. If investors know Vertex 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 Vertex Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Vertex Energy is measured differently than its book value, which is the value of Vertex that is recorded on the company's balance sheet. Investors also form their own opinion of Vertex Energy's value that differs from its market value or its book value, called intrinsic value, which is Vertex 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 Vertex Energy's market value can be influenced by many factors that don't directly affect Vertex 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 Vertex Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vertex Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vertex 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.
Vertex 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 Vertex 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 Vertex Energy.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Vertex Energy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Vertex Energy or generate 0.0% return on investment in Vertex Energy over 30 days. Vertex Energy is related to or competes with Clean Energy, Icahn Enterprises, PBF Energy, Delek Logistics, HF Sinclair, Delek Energy, and CVR Energy. Vertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and... More
Vertex 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 Vertex 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 Vertex Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 72.62 | |||
| Value At Risk | (17.66) | |||
| Potential Upside | 14.29 |
Vertex Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vertex Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vertex Energy's standard deviation. In reality, there are many statistical measures that can use Vertex Energy historical prices to predict the future Vertex Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (1.95) | |||
| Total Risk Alpha | (3.47) | |||
| Treynor Ratio | (0.37) |
Vertex Energy Backtested Returns
Vertex Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Vertex Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vertex Energy's Coefficient Of Variation of (970.31), variance of 219.2, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of 4.18, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Vertex Energy will likely underperform. At this point, Vertex Energy has a negative expected return of -1.53%. Please make sure to validate Vertex Energy's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Vertex Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Vertex Energy has good reverse predictability. Overlapping area represents the amount of predictability between Vertex Energy time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Vertex Energy price movement. The serial correlation of -0.53 indicates that about 53.0% of current Vertex Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vertex Energy lagged returns against current returns
Autocorrelation, which is Vertex 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 Vertex Energy's stock expected returns. We can calculate the autocorrelation of Vertex Energy returns to help us make a trade decision. For example, suppose you find that Vertex 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 |
Vertex 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 Vertex Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vertex Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vertex Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Vertex Energy Lagged Returns
When evaluating Vertex Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vertex Energy stock have on its future price. Vertex 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, Vertex Energy autocorrelation shows the relationship between Vertex Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Vertex Energy.
Regressed Prices |
| Timeline |
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 against Vertex Stock
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.72 | HD | Home Depot | 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.