Whitecap Resources Stock Market Value
| SPGYF Stock | USD 7.66 0.14 1.86% |
| Symbol | Whitecap |
Whitecap Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Whitecap Resources' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Whitecap Resources.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Whitecap Resources on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Whitecap Resources or generate 0.0% return on investment in Whitecap Resources over 30 days. Whitecap Resources is related to or competes with Petroleo Brasileiro, Equinor ASA, Eni SPA, YPF Sociedad, Ecopetrol, BP PLC, and Shell PLC. Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada More
Whitecap Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Whitecap Resources' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Whitecap Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.25 |
Whitecap Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Whitecap Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Whitecap Resources' standard deviation. In reality, there are many statistical measures that can use Whitecap Resources historical prices to predict the future Whitecap Resources' volatility.| Risk Adjusted Performance | 0.038 | |||
| Jensen Alpha | 0.0191 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1728 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Whitecap Resources' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Whitecap Resources Backtested Returns
At this point, Whitecap Resources is not too volatile. Whitecap Resources shows Sharpe Ratio of 0.0085, which attests that the company had a 0.0085% return per unit of risk over the last 3 months. We have found thirty technical indicators for Whitecap Resources, which you can use to evaluate the volatility of the company. Please check out Whitecap Resources' Mean Deviation of 1.38, market risk adjusted performance of 0.1828, and Downside Deviation of 2.06 to validate if the risk estimate we provide is consistent with the expected return of 0.0145%. The firm maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Whitecap Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Whitecap Resources is expected to be smaller as well. Whitecap Resources right now maintains a risk of 1.71%. Please check out Whitecap Resources semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Whitecap Resources will be following its historical returns.
Auto-correlation | 0.37 |
Below average predictability
Whitecap Resources has below average predictability. Overlapping area represents the amount of predictability between Whitecap Resources time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Whitecap Resources price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Whitecap Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Whitecap Resources lagged returns against current returns
Autocorrelation, which is Whitecap Resources pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Whitecap Resources' pink sheet expected returns. We can calculate the autocorrelation of Whitecap Resources returns to help us make a trade decision. For example, suppose you find that Whitecap Resources has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Whitecap Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Whitecap Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Whitecap Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Whitecap Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Whitecap Resources Lagged Returns
When evaluating Whitecap Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Whitecap Resources pink sheet have on its future price. Whitecap Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Whitecap Resources autocorrelation shows the relationship between Whitecap Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Whitecap Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Whitecap Pink Sheet
Whitecap Resources financial ratios help investors to determine whether Whitecap Pink Sheet 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.