WSP Return On Equity from 2010 to 2024
| WSP Stock | CAD 245.66 1.07 0.44% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.08690294 | Current Value 0.0904 | Quarterly Volatility 0.01885586 |
Check WSP Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among WSP Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 706.9 M, Interest Expense of 262.2 M or Selling General Administrative of 8.4 B, as well as many indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0067 or PTB Ratio of 3.84. WSP financial statements analysis is a perfect complement when working with WSP Global Valuation or Volatility modules.
WSP | Return On Equity |
Pair Trading with WSP Global
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 WSP Global 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 WSP Global will appreciate offsetting losses from the drop in the long position's value.Moving together with WSP Stock
Moving against WSP Stock
The ability to find closely correlated positions to WSP Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WSP Global 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 WSP Global - 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 WSP Global to buy it.
The correlation of WSP Global 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 WSP Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WSP Global 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 WSP Global 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 WSP Stock
WSP Global financial ratios help investors to determine whether WSP 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 WSP with respect to the benefits of owning WSP Global security.