Whitecap Resources Stock Market Value
| WCP Stock | CAD 8.63 0.19 2.25% |
| Symbol | Whitecap |
Whitecap Resources Price To Book Ratio
Whitecap Resources '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 Whitecap Resources' 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 Whitecap Resources.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Whitecap Resources on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Whitecap Resources or generate 0.0% return on investment in Whitecap Resources over 90 days. Whitecap Resources is related to or competes with ARC Resources, Tourmaline Oil, MEG Energy, and Baytex Energy. Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada More
Whitecap Resources 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 Whitecap Resources' 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 Whitecap Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 2.83 |
Whitecap Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whitecap Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whitecap Resources' standard deviation. In reality, there are many statistical measures that can use Whitecap Resources historical prices to predict the future Whitecap Resources' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.1358 | |||
| Treynor Ratio | (0.18) |
Whitecap Resources Backtested Returns
Whitecap Resources shows Sharpe Ratio of -0.0573, which attests that the company had a -0.0573 % return per unit of risk over the last 3 months. Whitecap Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Whitecap Resources' Standard Deviation of 2.41, mean deviation of 1.47, and Market Risk Adjusted Performance of (0.17) to validate the risk estimate we provide. The firm maintains a market beta of 0.91, which attests to possible diversification benefits within a given portfolio. Whitecap Resources returns are very sensitive to returns on the market. As the market goes up or down, Whitecap Resources is expected to follow. At this point, Whitecap Resources has a negative expected return of -0.14%. Please make sure to check out Whitecap Resources' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Whitecap Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Whitecap Resources has below average predictability. Overlapping area represents the amount of predictability between Whitecap Resources time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Whitecap Resources price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Whitecap Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Whitecap Resources lagged returns against current returns
Autocorrelation, which is Whitecap Resources 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 Whitecap Resources' stock expected returns. We can calculate the autocorrelation of Whitecap Resources returns to help us make a trade decision. For example, suppose you find that Whitecap Resources 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 |
Whitecap Resources 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 Whitecap Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whitecap Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whitecap Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Whitecap Resources Lagged Returns
When evaluating Whitecap Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whitecap Resources stock have on its future price. Whitecap Resources 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, Whitecap Resources autocorrelation shows the relationship between Whitecap Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Whitecap Resources.
Regressed Prices |
| Timeline |
Pair Trading with Whitecap Resources
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 Whitecap Resources 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 Whitecap Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Whitecap Stock
| 0.64 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.48 | SAGE | Sage Potash Corp | PairCorr |
| 0.46 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Whitecap Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Whitecap Resources 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 Whitecap Resources - 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 Whitecap Resources to buy it.
The correlation of Whitecap Resources 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 Whitecap Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Whitecap Resources 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 Whitecap Resources 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.Other Information on Investing in Whitecap Stock
Whitecap Resources financial ratios help investors to determine whether Whitecap Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Whitecap with respect to the benefits of owning Whitecap Resources security.