Wheaton Financial Statements From 2010 to 2025
| WPM Stock | CAD 107.99 0.57 0.53% |
Check Wheaton Precious financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Wheaton Precious' main balance sheet or income statement drivers, such as , as well as many indicators such as . Wheaton financial statements analysis is a perfect complement when working with Wheaton Precious Valuation or Volatility modules.
Wheaton |
Wheaton Precious Metals Company Shares Outstanding Analysis
Wheaton Precious' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Wheaton Precious Shares Outstanding | 453.68 M |
Most of Wheaton Precious' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Wheaton Precious Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Wheaton Precious Metals has 453.68 M of shares currently outstending. This is 26.15% lower than that of the Metals & Mining sector and 25.95% higher than that of the Materials industry. The shares outstanding for all Canada stocks is 20.66% higher than that of the company.
Wheaton Precious Metals Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Wheaton Precious's current stock value. Our valuation model uses many indicators to compare Wheaton Precious value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Wheaton Precious competition to find correlations between indicators driving Wheaton Precious's intrinsic value. More Info.Wheaton Precious Metals is rated third in return on equity category among its peers. It is rated third in return on asset category among its peers reporting about 0.73 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Wheaton Precious Metals is roughly 1.36 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wheaton Precious by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wheaton Precious' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Wheaton Precious Financial Statements
Wheaton Precious investors utilize fundamental indicators, such as revenue or net income, to predict how Wheaton Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada. WHEATON PRECIOUS operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs people.
Pair Trading with Wheaton Precious
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 Wheaton Precious 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 Wheaton Precious will appreciate offsetting losses from the drop in the long position's value.Moving together with Wheaton Stock
| 0.63 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
Moving against Wheaton Stock
| 0.91 | VCM | Vecima Networks | PairCorr |
| 0.83 | NXE | NexGen Energy | PairCorr |
| 0.7 | CNQ | Canadian Natural Res | PairCorr |
| 0.45 | TCL-B | Transcontinental | PairCorr |
| 0.38 | BIP-PB | Brookfield Infrastructure | PairCorr |
The ability to find closely correlated positions to Wheaton Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheaton Precious 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 Wheaton Precious - 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 Wheaton Precious Metals to buy it.
The correlation of Wheaton Precious 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 Wheaton Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wheaton Precious Metals 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 Wheaton Precious 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.Check out the analysis of Wheaton Precious Correlation against competitors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.