Winpak Historical Financial Ratios
| WPK Stock | CAD 48.52 0.54 1.13% |
Winpak is currently reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Price To Sales Ratio of 1.14, Dividend Yield of 0.0027, PTB Ratio of 1.61 or Days Sales Outstanding of 40.33 will help investors to properly organize and evaluate Winpak financial condition quickly.
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About Winpak Financial Ratios Analysis
WinpakFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Winpak investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Winpak financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Winpak history.
Winpak Financial Ratios Chart
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Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Ev To Operating Cash Flow
A valuation metric comparing the company's enterprise value to its operating cash flow, indicating how many dollars of EV are generated for each dollar of operating cash flows.Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.Most ratios from Winpak's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Winpak current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winpak. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Winpak's Net Income Per Share is very stable compared to the past year. As of the 2nd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Price To Sales Ratio is likely to drop 1.14.
| 2021 | 2023 | 2024 (projected) | Inventory Turnover | 3.89 | 3.67 | 5.65 | ROIC | 0.0991 | 0.0989 | 0.088 |
Winpak fundamentals Correlations
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Winpak Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Winpak
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 Winpak 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 Winpak will appreciate offsetting losses from the drop in the long position's value.Moving together with Winpak Stock
Moving against Winpak Stock
The ability to find closely correlated positions to Winpak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winpak 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 Winpak - 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 Winpak to buy it.
The correlation of Winpak 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 Winpak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winpak 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 Winpak 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 Winpak Stock
WinpakFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Winpak investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Winpak financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Winpak history.