Whitecap Resources Stock Market Value

WCP Stock  CAD 10.23  0.05  0.49%   
Whitecap Resources' market value is the price at which a share of Whitecap Resources trades on a public exchange. It measures the collective expectations of Whitecap Resources investors about its performance. Whitecap Resources is selling at 10.23 as of the 2nd of December 2024; that is 0.49% down since the beginning of the trading day. The stock's open price was 10.28.
With this module, you can estimate the performance of a buy and hold strategy of Whitecap Resources and determine expected loss or profit from investing in Whitecap Resources over a given investment horizon. Check out Whitecap Resources Correlation, Whitecap Resources Volatility and Whitecap Resources Alpha and Beta module to complement your research on Whitecap Resources.
Symbol

Whitecap Resources Price To Book Ratio

Please note, there is a significant difference between Whitecap Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Whitecap Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Whitecap Resources' 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.

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.
0.00
12/13/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/02/2024
0.00
If you would invest  0.00  in Whitecap Resources on December 13, 2022 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
8.6410.2311.82
Details
Intrinsic
Valuation
LowRealHigh
7.058.6410.23
Details
Naive
Forecast
LowNextHigh
8.5310.1211.71
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.560.560.56
Details

Whitecap Resources Backtested Returns

As of now, Whitecap Stock is not too volatile. Whitecap Resources shows Sharpe Ratio of 0.0461, which attests that the company had a 0.0461% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Whitecap Resources, which you can use to evaluate the volatility of the company. Please check out Whitecap Resources' Market Risk Adjusted Performance of 0.1438, mean deviation of 1.28, and Downside Deviation of 2.02 to validate if the risk estimate we provide is consistent with the expected return of 0.0733%. Whitecap Resources has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.0343, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Whitecap Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Whitecap Resources is expected to be smaller as well. Whitecap Resources right now maintains a risk of 1.59%. Please check out Whitecap Resources sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Whitecap Resources will be following its historical returns.

Auto-correlation

    
  0.16  

Very weak predictability

Whitecap Resources has very weak predictability. Overlapping area represents the amount of predictability between Whitecap Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 2024. 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 0.16 indicates that over 16.0% of current Whitecap Resources price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.62

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 together with Whitecap Stock

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Moving against Whitecap Stock

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  0.38DII-B Dorel IndustriesPairCorr
  0.35SLF-PH Sun Lif NonPairCorr
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.
Pair CorrelationCorrelation Matching

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.