Whitecap Dividend Yield vs Price To Sales Ratio Analysis

WCP Stock  CAD 10.44  0.28  2.61%   
Whitecap Resources financial indicator trend analysis is more than just analyzing Whitecap Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Whitecap Resources is a good investment. Please check the relationship between Whitecap Resources Dividend Yield and its Price To Sales Ratio accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Whitecap Resources. 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.

Dividend Yield vs Price To Sales Ratio

Dividend Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Whitecap Resources Dividend Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Whitecap Resources' Dividend Yield and Price To Sales Ratio is -0.21. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Whitecap Resources, assuming nothing else is changed. The correlation between historical values of Whitecap Resources' Dividend Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Whitecap Resources are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Dividend Yield i.e., Whitecap Resources' Dividend Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Dividend Yield

Dividend Yield is Whitecap Resources dividend as a percentage of Whitecap Resources stock price. Whitecap Resources dividend yield is a measure of Whitecap Resources stock productivity, which can be interpreted as interest rate earned on an Whitecap Resources investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Whitecap Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Whitecap Resources sales, a figure that is much harder to manipulate than other Whitecap Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.
Most indicators from Whitecap Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Whitecap Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Whitecap Resources. 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.
As of the 26th of November 2024, Tax Provision is likely to grow to about 295.8 M, while Selling General Administrative is likely to drop about 51.1 M.
 2021 2022 2023 2024 (projected)
Total Revenue2.7B4.8B3.8B4.0B
Depreciation And Amortization570.3M842.8M898.8M943.7M

Whitecap Resources fundamental ratios Correlations

0.910.990.910.190.91-0.460.180.930.960.97-0.360.980.840.440.781.01.00.96-0.570.510.5-0.550.81-0.030.87
0.910.880.780.220.98-0.390.010.990.90.87-0.260.910.930.240.670.910.890.96-0.390.730.63-0.510.630.10.77
0.990.880.840.310.9-0.370.260.90.910.92-0.340.930.80.380.710.990.990.95-0.540.490.47-0.550.75-0.150.81
0.910.780.84-0.140.76-0.64-0.060.820.930.96-0.40.950.780.530.940.890.90.79-0.630.440.56-0.360.90.20.92
0.190.220.31-0.140.290.470.570.23-0.08-0.010.110.020.28-0.18-0.250.210.170.270.210.110.25-0.41-0.33-0.55-0.26
0.910.980.90.760.29-0.410.090.990.890.87-0.190.90.910.280.620.920.90.98-0.360.630.56-0.640.590.050.73
-0.46-0.39-0.37-0.640.47-0.410.55-0.47-0.61-0.580.27-0.56-0.33-0.21-0.56-0.46-0.47-0.420.430.03-0.060.33-0.64-0.44-0.61
0.180.010.26-0.060.570.090.550.010.00.070.020.060.020.37-0.130.180.190.16-0.03-0.14-0.01-0.36-0.06-0.66-0.08
0.930.990.90.820.230.99-0.470.010.90.9-0.260.930.930.290.680.930.910.97-0.420.640.61-0.60.640.120.77
0.960.90.910.93-0.080.89-0.610.00.90.98-0.370.980.780.470.820.950.960.92-0.590.520.43-0.470.880.140.94
0.970.870.920.96-0.010.87-0.580.070.90.98-0.381.00.810.530.850.960.970.91-0.610.470.49-0.510.880.140.92
-0.36-0.26-0.34-0.40.11-0.190.270.02-0.26-0.37-0.38-0.36-0.25-0.22-0.38-0.35-0.36-0.290.510.08-0.180.1-0.39-0.05-0.39
0.980.910.930.950.020.9-0.560.060.930.981.0-0.360.840.490.840.970.980.93-0.590.520.52-0.520.850.140.91
0.840.930.80.780.280.91-0.330.020.930.780.81-0.250.840.30.70.830.810.86-0.380.70.85-0.440.530.160.66
0.440.240.380.53-0.180.28-0.210.370.290.470.53-0.220.490.30.540.410.450.32-0.38-0.040.24-0.220.560.220.51
0.780.670.710.94-0.250.62-0.56-0.130.680.820.85-0.380.840.70.540.760.780.64-0.60.470.58-0.150.910.220.91
1.00.910.990.890.210.92-0.460.180.930.950.96-0.350.970.830.410.761.00.96-0.560.510.48-0.560.8-0.060.86
1.00.890.990.90.170.9-0.470.190.910.960.97-0.360.980.810.450.781.00.95-0.580.490.46-0.550.82-0.040.88
0.960.960.950.790.270.98-0.420.160.970.920.91-0.290.930.860.320.640.960.95-0.460.570.47-0.650.67-0.020.78
-0.57-0.39-0.54-0.630.21-0.360.43-0.03-0.42-0.59-0.610.51-0.59-0.38-0.38-0.6-0.56-0.58-0.46-0.13-0.240.12-0.740.0-0.71
0.510.730.490.440.110.630.03-0.140.640.520.470.080.520.7-0.040.470.510.490.57-0.130.650.080.330.140.49
0.50.630.470.560.250.56-0.06-0.010.610.430.49-0.180.520.850.240.580.480.460.47-0.240.65-0.070.270.190.38
-0.55-0.51-0.55-0.36-0.41-0.640.33-0.36-0.6-0.47-0.510.1-0.52-0.44-0.22-0.15-0.56-0.55-0.650.120.08-0.07-0.220.16-0.26
0.810.630.750.9-0.330.59-0.64-0.060.640.880.88-0.390.850.530.560.910.80.820.67-0.740.330.27-0.220.150.97
-0.030.1-0.150.2-0.550.05-0.44-0.660.120.140.14-0.050.140.160.220.22-0.06-0.04-0.020.00.140.190.160.150.17
0.870.770.810.92-0.260.73-0.61-0.080.770.940.92-0.390.910.660.510.910.860.880.78-0.710.490.38-0.260.970.17
Click cells to compare fundamentals

Whitecap Resources Account Relationship Matchups

Whitecap Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.4B3.4B6.9B9.5B9.6B10.1B
Total Current Liabilities217.1M165.5M539.6M754.2M567.6M596.0M
Total Stockholder Equity2.9B997.0M3.7B5.0B5.5B5.8B
Net Debt1.3B1.2B1.1B1.9B1.4B1.5B
Retained Earnings(951.2M)(2.9B)(1.2B)164.7M655.1M687.9M
Accounts Payable183.6M122.1M400.4M549.1M509M534.5M
Cash(81.3M)(71.6M)(29.7M)(29M)(44.5M)(42.3M)
Cash And Short Term Investments(81.3M)(71.6M)(29.7M)(29M)44.5M46.7M
Net Receivables172.2M116.0M304.8M480.2M400.2M420.2M
Common Stock Shares Outstanding412M408.4M603.1M621.1M608.6M639.0M
Liabilities And Stockholders Equity5.4B3.4B6.9B9.5B9.6B10.1B
Non Current Liabilities Total2.2B2.2B2.6B3.7B3.6B3.7B
Other Stockholder Equity18.4M13.0M11.0M12.2M16.9M16.1M
Total Liab2.4B2.4B3.1B4.5B4.1B4.3B
Total Current Assets180.0M150.6M327.9M972.4M511.5M537.1M
Short Term Investments6.0M30.2M10.5M22.7M32.9M18.7M
Short Long Term Debt Total1.3B1.2B1.1B1.9B1.4B729.1M
Property Plant And Equipment Net5.1B2.7B6.5B8.5B9.0B9.4B
Non Current Assets Total5.2B3.2B6.6B8.6B9.1B9.5B
Property Plant And Equipment Gross5.1B2.7B11.4B13.2B14.4B15.2B
Short Term Debt10.6M11.7M3.5M6.6M7.8M7.4M
Other Current Liab3.9M15.9M133.4M196.2M48.5M51.6M
Other Current Assets7.8M34.7M23.1M492.2M78.4M80.9M
Non Currrent Assets Other4.1M4.3M10.4M12.1M(9.0B)(8.5B)
Common Stock Total Equity3.9B3.9B3.9B3.9B4.4B3.2B
Inventory(829K)71.6M1.029M(11.6M)(11.0M)
Common Stock3.9B3.9B5.0B4.9B4.8B3.7B
Other Liab966.3M1.1B1.5B1.9B2.1B1.1B
Net Tangible Assets2.8B997.0M3.7B5.0B5.8B3.1B
Long Term Debt1.2B1.1B1.1B1.8B1.4B1.2B
Property Plant Equipment5.1B2.7B6.5B8.5B9.8B5.2B
Other Assets884K504.1M79.2M12.1M10.9M10.3M
Long Term Debt Total1.2B1.2B1.1B1.9B2.1B1.3B
Capital Surpluse18.4M13.0M11.0M12.2M11.0M18.4M
Net Invested Capital4.1B2.1B4.8B6.9B6.8B5.3B

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

  0.62ENB-PFU Enbridge Pref LPairCorr
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

Balance Sheet is a snapshot of the financial position of Whitecap Resources at a specified time, usually calculated after every quarter, six months, or one year. Whitecap Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Whitecap Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Whitecap currently owns. An asset can also be divided into two categories, current and non-current.