Verde Price To Sales Ratio from 2010 to 2024
| VGAS Stock | 4.39 0.14 3.29% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 813.82 | Current Value 723.39 | Quarterly Volatility 50.69331262 |
Check Verde Clean financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Verde Clean's main balance sheet or income statement drivers, such as Depreciation And Amortization of 571.7 K, Selling General Administrative of 8 M or Other Operating Expenses of 9.1 M, as well as many indicators such as Price To Sales Ratio of 723, Dividend Yield of 0.0 or PTB Ratio of 1.37. Verde financial statements analysis is a perfect complement when working with Verde Clean Valuation or Volatility modules.
Verde | Price To Sales Ratio |
Pair Trading with Verde Clean
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 Verde Clean 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 Verde Clean will appreciate offsetting losses from the drop in the long position's value.Moving together with Verde Stock
Moving against Verde Stock
| 0.65 | HTOO | Fusion Fuel Green | PairCorr |
| 0.64 | AMPS | Altus Power | PairCorr |
| 0.62 | ADN | Advent Technologies | PairCorr |
| 0.62 | NRGV | Energy Vault Holdings | PairCorr |
| 0.58 | EBR | Centrais Electricas | PairCorr |
The ability to find closely correlated positions to Verde Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Verde Clean 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 Verde Clean - 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 Verde Clean Fuels to buy it.
The correlation of Verde Clean 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 Verde Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Verde Clean Fuels 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 Verde Clean 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 Verde Stock Analysis
When running Verde Clean's price analysis, check to measure Verde Clean'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 Verde Clean is operating at the current time. Most of Verde Clean's value examination focuses on studying past and present price action to predict the probability of Verde Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Verde Clean's price. Additionally, you may evaluate how the addition of Verde Clean to your portfolios can decrease your overall portfolio volatility.