Whitecap Resources Stock Market Value
| SPGYF Stock | USD 7.43 0.12 1.59% |
| 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.
| 02/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in Whitecap Resources on February 13, 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 90 days. Whitecap Resources is related to or competes with Athabasca Oil, Headwater Exploration, Tamarack Valley, Birchcliff Energy, Peyto ExplorationDevel, Gear Energy, and Spartan Delta. 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 | 1.45 | |||
| Information Ratio | 0.1536 | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.79 |
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 | 0.133 | |||
| Jensen Alpha | 0.2499 | |||
| Total Risk Alpha | 0.1291 | |||
| Sortino Ratio | 0.1697 | |||
| Treynor Ratio | 0.3366 |
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
Whitecap Resources appears to be not too volatile, given 3 months investment horizon. Whitecap Resources shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Whitecap Resources, which you can use to evaluate the volatility of the company. Please utilize Whitecap Resources' Mean Deviation of 1.24, downside deviation of 1.45, and Market Risk Adjusted Performance of 0.3466 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Whitecap Resources holds a performance score of 14. The firm maintains a market beta of 0.95, which attests to possible diversification benefits within a given portfolio. Whitecap Resources returns are very sensitive to returns on the market. As the market goes up or down, Whitecap Resources is expected to follow. Please check Whitecap Resources' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Whitecap Resources' historical returns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Whitecap Resources has good reverse predictability. Overlapping area represents the amount of predictability between Whitecap Resources time series from 13th of February 2024 to 29th of March 2024 and 29th of March 2024 to 13th of May 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 -0.59 indicates that roughly 59.0% of current Whitecap Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Whitecap Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Whitecap Resources' short interest history, or implied volatility extrapolated from Whitecap Resources options trading.
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Check out Whitecap Resources Correlation, Whitecap Resources Volatility and Whitecap Resources Alpha and Beta module to complement your research on Whitecap Resources. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Whitecap Pink Sheet analysis
When running Whitecap Resources' price analysis, check to measure Whitecap Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Whitecap Resources is operating at the current time. Most of Whitecap Resources' value examination focuses on studying past and present price action to predict the probability of Whitecap Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Whitecap Resources' price. Additionally, you may evaluate how the addition of Whitecap Resources to your portfolios can decrease your overall portfolio volatility.
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Whitecap Resources technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.