Whitecap Resources stock maintains Outperform rating - Investing.com
| WCP Stock | CAD 10.44 0.28 2.61% |
About 61% of Whitecap Resources' investor base is looking to short. The current sentiment of investing in Whitecap Resources suggests that many traders are alarmed. Whitecap Resources' investing sentiment overview a quick insight into current market opportunities from investing in Whitecap Resources. Many technical investors use Whitecap Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Whitecap |
Whitecap Resources stock maintains Outperform rating Investing.com
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Whitecap Resources Fundamental Analysis
We analyze Whitecap Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Whitecap Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Whitecap Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Whitecap Resources is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Whitecap Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Whitecap Resources stock to make a market-neutral strategy. Peer analysis of Whitecap Resources could also be used in its relative valuation, which is a method of valuing Whitecap Resources by comparing valuation metrics with similar companies.
Peers
Whitecap Resources Related Equities
| EMNT | Eminent Gold | 3.33 | ||||
| YGR | Yangarra Resources | 2.97 | ||||
| RUDB | RBC Discount | 0.47 | ||||
| XHB | IShares Canadian | 0.46 | ||||
| ALA-PA | Altagas Cum | 0.31 | ||||
| ERE-UN | European Residential | 1.63 | ||||
| XEG | IShares SPTSX | 1.77 |
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.