Whitecap Resources Shares Owned By Institutions vs. Cash And Equivalents
| WCP Stock | CAD 10.23 0.05 0.49% |
For Whitecap Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Whitecap Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Whitecap Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Whitecap Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Whitecap Resources over time as well as its relative position and ranking within its peers.
Whitecap |
Whitecap Resources Cash And Equivalents vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Whitecap Resources's current stock value. Our valuation model uses many indicators to compare Whitecap Resources value to that of its competitors to determine the firm's financial worth. Whitecap Resources is rated fifth in shares owned by institutions category among its peers. It is rated first in cash and equivalents category among its peers creating about 8,210,627 of Cash And Equivalents per Shares Owned By Institutions. Comparative valuation analysis is a catch-all model that can be used if you cannot value Whitecap Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Whitecap Resources' 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.Whitecap Cash And Equivalents vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Whitecap Resources |
| = | 24.11 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Whitecap Resources |
| = | 197.95 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Whitecap Cash And Equivalents Comparison
Whitecap Resources is currently under evaluation in cash and equivalents category among its peers.
Whitecap Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Whitecap Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Whitecap Resources will eventually generate negative long term returns. The profitability progress is the general direction of Whitecap Resources' change in net profit over the period of time. It can combine multiple indicators of Whitecap Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 1.9 B | 2 B | |
| Net Income | 889 M | 933.5 M | |
| Income Tax Expense | 281.7 M | 295.8 M | |
| Income Before Tax | 1.2 B | 1.2 B | |
| Total Other Income Expense Net | -759.2 M | -721.2 M | |
| Net Income From Continuing Ops | 889 M | 933.5 M | |
| Net Income Applicable To Common Shares | 1.9 B | 2 B | |
| Net Interest Income | -88.6 M | -84.2 M | |
| Interest Income | 250.8 M | 211.7 M | |
| Change To Netincome | 526.8 M | 553.2 M | |
| Net Income Per Share | 1.47 | 1.54 | |
| Income Quality | 1.96 | 1.14 | |
| Net Income Per E B T | 0.76 | 0.46 |
Whitecap Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Whitecap Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Whitecap Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Whitecap Resources' important profitability drivers and their relationship over time.
Use Whitecap Resources in pair-trading
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.Whitecap Resources Pair Trading
Whitecap Resources Pair Trading Analysis
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.Use Investing Themes to Complement your Whitecap Resources position
In addition to having Whitecap Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Education
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Other Information on Investing in Whitecap Stock
To fully project Whitecap Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Whitecap Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Whitecap Resources' income statement, its balance sheet, and the statement of cash flows.