Vestis Enterprise Value Multiple from 2010 to 2024
| VSTS Stock | 12.36 0.08 0.64% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter 10.64 | Current Value 8.07 | Quarterly Volatility 1.15741801 |
Check Vestis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Vestis' main balance sheet or income statement drivers, such as Tax Provision of 37.1 M, Depreciation And Amortization of 108.3 M or Interest Expense of 8.6 K, as well as many indicators such as Price To Sales Ratio of 1.06, Dividend Yield of 0.63 or PTB Ratio of 1.34. Vestis financial statements analysis is a perfect complement when working with Vestis Valuation or Volatility modules.
Vestis | Enterprise Value Multiple |
Latest Vestis' Enterprise Value Multiple Growth Pattern
Below is the plot of the Enterprise Value Multiple of Vestis over the last few years. It is Vestis' Enterprise Value Multiple historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Vestis' overall financial position and show how it may be relating to other accounts over time.
| Enterprise Value Multiple | 10 Years Trend |
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Enterprise Value Multiple |
| Timeline |
Vestis Enterprise Value Multiple Regression Statistics
| Arithmetic Mean | 9.21 | |
| Geometric Mean | 9.15 | |
| Coefficient Of Variation | 12.57 | |
| Mean Deviation | 0.86 | |
| Median | 8.79 | |
| Standard Deviation | 1.16 | |
| Sample Variance | 1.34 | |
| Range | 3.7479 | |
| R-Value | 0.37 | |
| Mean Square Error | 1.24 | |
| R-Squared | 0.14 | |
| Significance | 0.17 | |
| Slope | 0.1 | |
| Total Sum of Squares | 18.75 |
Vestis Enterprise Value Multiple History
About Vestis Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Vestis income statement, its balance sheet, and the statement of cash flows. Vestis investors use historical funamental indicators, such as Vestis's Enterprise Value Multiple, to determine how well the company is positioned to perform in the future. Although Vestis investors may use each financial statement separately, they are all related. The changes in Vestis's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Vestis's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Vestis Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Vestis. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Enterprise Value Multiple | 10.64 | 8.07 |
Pair Trading with Vestis
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 Vestis 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 Vestis will appreciate offsetting losses from the drop in the long position's value.Moving against Vestis Stock
| 0.86 | WLFC | Willis Lease Finance | PairCorr |
| 0.75 | AER | AerCap Holdings NV | PairCorr |
| 0.74 | FTAI | Fortress Transp Infra | PairCorr |
| 0.73 | TRTN-PA | Triton International | PairCorr |
| 0.72 | PRG | PROG Holdings | PairCorr |
The ability to find closely correlated positions to Vestis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vestis 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 Vestis - 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 Vestis to buy it.
The correlation of Vestis 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 Vestis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vestis 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 Vestis 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 Vestis Stock Analysis
When running Vestis' price analysis, check to measure Vestis' 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 Vestis is operating at the current time. Most of Vestis' value examination focuses on studying past and present price action to predict the probability of Vestis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vestis' price. Additionally, you may evaluate how the addition of Vestis to your portfolios can decrease your overall portfolio volatility.