WSP Investments vs Free Cash Flow Analysis

WSP Stock

CAD 247.39 1.73 0.70%

WSP Global financial indicator trend analysis is more than just analyzing WSP Global current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WSP Global is a good investment. Please check the relationship between WSP Global Investments and its Free Cash Flow accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WSP Global. 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.

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WSP Global Investments account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between WSP Global's Investments and Free Cash Flow is -0.33. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of WSP Global, assuming nothing else is changed. The correlation between historical values of WSP Global's Investments and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of WSP Global are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Investments i.e., WSP Global's Investments and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from WSP Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WSP Global 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 WSP Global. 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.

At this time, WSP Global's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 28.4 B, while Tax Provision is likely to drop about 127.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	80.6M	119.4M	249.7M	262.2M
Depreciation And Amortization	518.5M	576.5M	673.2M	706.9M

Interest Expense Depreciation And Amortization

WSP Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.98	0.99	0.99	1.0	0.9	0.99	0.97	0.9	0.98	0.61	1.0	0.65	0.99	1.0	0.78	0.98	0.23	0.01	0.13	1.0	0.94	0.99	0.83	0.94	0.83
Short Long Term Debt Total	0.98		0.95	0.97	0.97	0.9	0.95	0.99	0.95	0.97	0.57	0.99	0.62	0.96	0.98	0.69	1.0	0.31	-0.09	0.14	0.99	0.96	0.96	0.81	0.95	0.75
Other Current Liab	0.99	0.95		0.99	0.99	0.9	0.98	0.92	0.82	0.95	0.68	0.98	0.71	0.98	0.98	0.84	0.95	0.18	0.06	0.09	0.98	0.92	0.99	0.84	0.9	0.88
Total Current Liabilities	0.99	0.97	0.99		0.99	0.92	0.99	0.95	0.85	0.97	0.65	0.99	0.69	0.98	0.99	0.82	0.96	0.22	0.02	0.13	0.99	0.94	1.0	0.87	0.9	0.87
Total Stockholder Equity	1.0	0.97	0.99	0.99		0.89	0.99	0.95	0.87	0.97	0.62	0.99	0.65	0.99	0.99	0.8	0.97	0.19	0.06	0.14	0.99	0.93	0.99	0.83	0.93	0.85
Property Plant And Equipment Net	0.9	0.9	0.9	0.92	0.89		0.86	0.87	0.79	0.85	0.69	0.9	0.76	0.85	0.88	0.72	0.87	0.4	-0.23	0.13	0.9	0.97	0.88	0.95	0.76	0.79
Current Deferred Revenue	0.99	0.95	0.98	0.99	0.99	0.86		0.94	0.85	0.97	0.56	0.98	0.6	0.99	0.99	0.8	0.96	0.19	0.07	0.13	0.98	0.89	0.99	0.8	0.91	0.85
Net Debt	0.97	0.99	0.92	0.95	0.95	0.87	0.94		0.95	0.96	0.47	0.98	0.53	0.95	0.97	0.66	0.99	0.3	-0.09	0.13	0.98	0.93	0.94	0.77	0.96	0.71
Retained Earnings	0.9	0.95	0.82	0.85	0.87	0.79	0.85	0.95		0.9	0.48	0.91	0.52	0.85	0.9	0.48	0.95	0.4	-0.2	0.13	0.91	0.91	0.86	0.68	0.94	0.55
Accounts Payable	0.98	0.97	0.95	0.97	0.97	0.85	0.97	0.96	0.9		0.57	0.98	0.6	0.97	0.98	0.74	0.98	0.32	-0.06	0.19	0.98	0.91	0.97	0.77	0.93	0.79
Cash	0.61	0.57	0.68	0.65	0.62	0.69	0.56	0.47	0.48	0.57		0.59	0.99	0.54	0.58	0.67	0.54	0.25	-0.1	0.14	0.6	0.69	0.64	0.71	0.44	0.72
Non Current Assets Total	1.0	0.99	0.98	0.99	0.99	0.9	0.98	0.98	0.91	0.98	0.59		0.64	0.98	1.0	0.75	0.99	0.25	-0.02	0.13	1.0	0.95	0.99	0.83	0.95	0.81
Cash And Short Term Investments	0.65	0.62	0.71	0.69	0.65	0.76	0.6	0.53	0.52	0.6	0.99	0.64		0.58	0.62	0.7	0.59	0.3	-0.16	0.14	0.65	0.75	0.67	0.77	0.48	0.75
Net Receivables	0.99	0.96	0.98	0.98	0.99	0.85	0.99	0.95	0.85	0.97	0.54	0.98	0.58		0.99	0.81	0.97	0.15	0.1	0.12	0.98	0.88	0.99	0.78	0.93	0.84
Good Will	1.0	0.98	0.98	0.99	0.99	0.88	0.99	0.97	0.9	0.98	0.58	1.0	0.62	0.99		0.77	0.99	0.22	0.02	0.13	1.0	0.93	0.99	0.81	0.95	0.81
Common Stock Shares Outstanding	0.78	0.69	0.84	0.82	0.8	0.72	0.8	0.66	0.48	0.74	0.67	0.75	0.7	0.81	0.77		0.69	-0.05	0.27	0.06	0.77	0.66	0.82	0.76	0.6	0.97
Non Current Liabilities Total	0.98	1.0	0.95	0.96	0.97	0.87	0.96	0.99	0.95	0.98	0.54	0.99	0.59	0.97	0.99	0.69		0.29	-0.06	0.13	0.99	0.94	0.97	0.77	0.97	0.74
Inventory	0.23	0.31	0.18	0.22	0.19	0.4	0.19	0.3	0.4	0.32	0.25	0.25	0.3	0.15	0.22	-0.05	0.29		-0.95	0.09	0.26	0.41	0.19	0.2	0.18	0.03
Other Current Assets	0.01	-0.09	0.06	0.02	0.06	-0.23	0.07	-0.09	-0.2	-0.06	-0.1	-0.02	-0.16	0.1	0.02	0.27	-0.06	-0.95		-0.01	-0.02	-0.22	0.07	-0.04	0.04	0.19
Other Stockholder Equity	0.13	0.14	0.09	0.13	0.14	0.13	0.13	0.13	0.13	0.19	0.14	0.13	0.14	0.12	0.13	0.06	0.13	0.09	-0.01		0.13	0.13	0.14	0.15	0.11	0.18
Total Liab	1.0	0.99	0.98	0.99	0.99	0.9	0.98	0.98	0.91	0.98	0.6	1.0	0.65	0.98	1.0	0.77	0.99	0.26	-0.02	0.13		0.95	0.99	0.83	0.94	0.81
Property Plant And Equipment Gross	0.94	0.96	0.92	0.94	0.93	0.97	0.89	0.93	0.91	0.91	0.69	0.95	0.75	0.88	0.93	0.66	0.94	0.41	-0.22	0.13	0.95		0.91	0.89	0.87	0.74
Total Current Assets	0.99	0.96	0.99	1.0	0.99	0.88	0.99	0.94	0.86	0.97	0.64	0.99	0.67	0.99	0.99	0.82	0.97	0.19	0.07	0.14	0.99	0.91		0.83	0.91	0.86
Short Term Debt	0.83	0.81	0.84	0.87	0.83	0.95	0.8	0.77	0.68	0.77	0.71	0.83	0.77	0.78	0.81	0.76	0.77	0.2	-0.04	0.15	0.83	0.89	0.83		0.65	0.81
Intangible Assets	0.94	0.95	0.9	0.9	0.93	0.76	0.91	0.96	0.94	0.93	0.44	0.95	0.48	0.93	0.95	0.6	0.97	0.18	0.04	0.11	0.94	0.87	0.91	0.65		0.66
Common Stock Total Equity	0.83	0.75	0.88	0.87	0.85	0.79	0.85	0.71	0.55	0.79	0.72	0.81	0.75	0.84	0.81	0.97	0.74	0.03	0.19	0.18	0.81	0.74	0.86	0.81	0.66

Click cells to compare fundamentals

WSP Global Account Relationship Matchups

WSP Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	8.8B	11.3B	14.8B	15.6B	16.4B
Short Long Term Debt Total	2.5B	1.6B	2.8B	4.1B	4.3B	4.5B
Other Current Liab	1.3B	1.4B	1.7B	2.2B	2.0B	2.1B
Total Current Liabilities	3.0B	3.2B	3.8B	4.6B	4.7B	4.9B
Total Stockholder Equity	3.3B	4.1B	4.7B	6.0B	6.3B	6.6B
Property Plant And Equipment Net	1.3B	1.2B	1.2B	1.4B	1.3B	1.3B
Current Deferred Revenue	629M	708.5M	751.1M	973.1M	1.2B	1.2B
Net Debt	2.2B	1.2B	1.9B	3.6B	3.9B	4.1B
Retained Earnings	303.4M	66.7M	709.5M	959.5M	1.3B	1.4B
Accounts Payable	608.4M	509.1M	765.7M	1.0B	1.1B	1.2B
Cash	255.6M	437.1M	927.4M	495.6M	378M	249.3M
Non Current Assets Total	5.4B	5.5B	6.9B	9.8B	10.2B	10.7B
Cash And Short Term Investments	370.1M	555.2M	1.1B	603.8M	501.1M	286.3M
Net Receivables	2.8B	2.6B	3.1B	4.3B	4.7B	4.9B
Good Will	3.6B	3.7B	4.8B	6.8B	7.2B	7.5B
Common Stock Shares Outstanding	105.6M	110.3M	116.9M	120.7M	125.0M	77.4M
Liabilities And Stockholders Equity	8.7B	8.8B	11.3B	14.8B	15.6B	16.4B
Non Current Liabilities Total	2.3B	1.6B	2.8B	4.2B	4.5B	4.8B
Inventory	217.3M	(4.1M)	1.0	(6.1M)	0.9	0.95
Other Current Assets	108.3M	170.5M	221.8M	172.2M	265.5M	293.5M
Other Stockholder Equity	204.6M	207.3M	208.3M	212.4M	216.3M	227.1M
Total Liab	5.3B	4.8B	6.6B	8.8B	9.2B	9.7B
Property Plant And Equipment Gross	1.3B	1.2B	1.8B	2.0B	2.0B	2.1B
Total Current Assets	3.3B	3.3B	4.3B	5.0B	5.4B	5.7B
Accumulated Other Comprehensive Income	70.6M	412.2M	(54.5M)	49.7M	(25.3M)	(24.0M)
Short Term Debt	519.5M	530M	551.6M	446.4M	461.7M	484.8M
Intangible Assets	355.4M	275.5M	549.9M	1.1B	1.1B	1.2B
Common Stock Total Equity	2.6B	2.7B	2.8B	3.4B	3.9B	2.2B
Common Stock	2.8B	3.4B	3.8B	4.8B	4.8B	2.9B
Other Liab	377.4M	503.7M	548.3M	579.5M	666.4M	451.9M
Net Tangible Assets	(593.4M)	73M	(647.7M)	(1.9B)	(1.7B)	(1.6B)
Other Assets	147M	207M	254.3M	414.7M	476.9M	500.8M
Long Term Debt	1.1B	277.3M	1.5B	2.8B	3.1B	3.2B
Long Term Investments	87.2M	113.1M	118M	120.2M	125.4M	105.3M
Short Long Term Debt	307.8M	296.9M	297.4M	173.4M	204.2M	215.8M
Property Plant Equipment	1.3B	1.2B	1.2B	1.4B	1.6B	1.7B
Long Term Debt Total	1.9B	1.1B	2.2B	3.6B	4.2B	4.4B
Capital Surpluse	204.6M	207.3M	208.3M	212.4M	244.3M	226.4M

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

0.79	RY	Royal Bank	Pair Corr
0.69	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr

Moving against WSP Stock

0.37

Toronto Dominion Bank

Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in WSP Stock

Balance Sheet is a snapshot of the financial position of WSP Global at a specified time, usually calculated after every quarter, six months, or one year. WSP Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WSP Global 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 WSP currently owns. An asset can also be divided into two categories, current and non-current.

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WSP Investments vs Free Cash Flow Analysis

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Investments

Free Cash Flow

WSP Global fundamental ratios Correlations

WSP Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

WSP Global fundamental ratios Accounts

Pair Trading with WSP Global

Moving together with WSP Stock

Moving against WSP Stock

Other Information on Investing in WSP Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 1.0	Total Current Liabilities

Other Current Assets	- 0.95	Inventory
Other Current Assets	- 0.23	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.22	Other Current Assets
Other Current Assets	- 0.2	Retained Earnings
Other Current Assets	- 0.16	Cash And Short Term Investments
Other Current Assets	- 0.1	Cash