Valero Energy Correlations


USD 107.98  1.70  1.60%   

The correlation of Valero Energy is a statistical measure of how it moves in relation to other equities. 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 Corp 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.
Also, please take a look at World Market Map.
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 Corp to buy it.

Moving together with Valero Energy

0.86PBFPBF Energy Upward RallyPairCorr
0.95PSXPhillips 66PairCorr
0.81OIO-I GlassPairCorr

Moving against Valero Energy


Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
High negative correlations   

Valero Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Valero Energy stock performing well and Valero Energy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Valero Energy's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
OI 2.65  0.41  0.10  0.08  2.89  0.09 (2.95)  6.17 (4.17)  16.39 
WM 1.27  0.10  0.00 (0.02)  0.00  0.11  0.00  2.01 (2.36)  8.54 
NOC 1.27  0.23  0.22  0.29  1.39  0.20 (1.50)  3.14 (2.06)  7.33 
OSK 1.66 (0.19)  0.00 (0.35)  0.00 (0.1)  0.00  3.07 (4.10)  12.16 
SNA 1.41  0.11  0.00 (0.08)  0.00  0.06  0.00  3.01 (3.12)  10.78 
SWK 1.99 (0.23)  0.00 (0.41)  0.00 (0.09)  0.00  3.82 (5.53)  12.54 
MMM 1.12 (0.09)  0.00 (0.32)  0.00 (0.0309)  0.00  2.17 (2.52)  8.68 
AXP 1.90 (0.17)  0.00 (0.32)  0.00 (0.10)  0.00  3.46 (3.99)  9.74 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0313)  0.00  2.43 (2.47)  13.98 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Valero Energy without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Portfolio Holdings

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Valero Energy Corporate Directors

Valero Energy corporate directors refer to members of a Valero Energy board of directors. The board of directors generally takes responsibility for the Valero Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Valero Energy's board members must vote for the resolution. The Valero Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Randall Weisenburger - Independent DirectorProfile
Jerry Choate - Independent DirectorProfile
Rayford Wilkins - Independent DirectorProfile
Susan Purcell - Independent DirectorProfile

Investing Valero Energy Corp

You need to understand the risk of investing before taking a position in Valero Energy. The danger of trading Valero Energy Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Valero Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Valero Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Valero Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Also, please take a look at World Market Map. Note that the Valero Energy Corp information on this page should be used as a complementary analysis to other Valero Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Valero Stock analysis

When running Valero Energy Corp price analysis, check to measure Valero 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 Valero Energy is operating at the current time. Most of Valero Energy's value examination focuses on studying past and present price action to predict the probability of Valero Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Valero Energy's price. Additionally, you may evaluate how the addition of Valero Energy to your portfolios can decrease your overall portfolio volatility.
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Is Valero Energy's industry 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 YOY
Market Capitalization
44.1 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Valero Energy Corp 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 Valero Energy value 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.