Winpak Stock Market Value
| WPK Stock | CAD 50.54 1.15 2.33% |
| Symbol | Winpak |
Winpak Price To Book Ratio
Winpak '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 Winpak's stock 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 Winpak.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Winpak on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Winpak or generate 0.0% return on investment in Winpak over 510 days. Winpak is related to or competes with Globex Mining, Guru Organic, Aya Gold, Metalero Mining, Lion One, and Maple Leaf. Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada... More
Winpak 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 Winpak's stock 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 Winpak upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9524 | |||
| Information Ratio | 0.0534 | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 2.02 |
Winpak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Winpak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Winpak's standard deviation. In reality, there are many statistical measures that can use Winpak historical prices to predict the future Winpak's volatility.| Risk Adjusted Performance | 0.1351 | |||
| Jensen Alpha | 0.1799 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | 0.0604 | |||
| Treynor Ratio | (5.56) |
Winpak Backtested Returns
As of now, Winpak Stock is very steady. Winpak shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Winpak, which you can use to evaluate the volatility of the company. Please check out Winpak's Mean Deviation of 0.7499, downside deviation of 0.9524, and Market Risk Adjusted Performance of (5.55) to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Winpak has a performance score of 13 on a scale of 0 to 100. The firm maintains a market beta of -0.0317, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Winpak are expected to decrease at a much lower rate. During the bear market, Winpak is likely to outperform the market. Winpak right now maintains a risk of 1.08%. Please check out Winpak semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Winpak will be following its historical returns.
Auto-correlation | 0.20 |
Weak predictability
Winpak has weak predictability. Overlapping area represents the amount of predictability between Winpak time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Winpak price movement. The serial correlation of 0.2 indicates that over 20.0% of current Winpak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 7.18 |
Winpak lagged returns against current returns
Autocorrelation, which is Winpak stock'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 Winpak's stock expected returns. We can calculate the autocorrelation of Winpak returns to help us make a trade decision. For example, suppose you find that Winpak has exhibited high autocorrelation historically, and you observe that the stock 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 |
Winpak 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 Winpak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Winpak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Winpak stock over time.
Current vs Lagged Prices |
| Timeline |
Winpak Lagged Returns
When evaluating Winpak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Winpak stock have on its future price. Winpak 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, Winpak autocorrelation shows the relationship between Winpak stock current value and its past values and can show if there is a momentum factor associated with investing in Winpak.
Regressed Prices |
| Timeline |
Pair Trading with Winpak
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 Winpak 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 Winpak will appreciate offsetting losses from the drop in the long position's value.Moving together with Winpak Stock
Moving against Winpak Stock
The ability to find closely correlated positions to Winpak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winpak 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 Winpak - 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 Winpak to buy it.
The correlation of Winpak 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 Winpak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winpak 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 Winpak 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 Winpak Stock
Winpak financial ratios help investors to determine whether Winpak 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 Winpak with respect to the benefits of owning Winpak security.