Wsp Global Stock Market Value
| WSP Stock | CAD 288.96 3.34 1.17% |
| Symbol | WSP |
WSP Global Price To Book Ratio
WSP Global '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 WSP Global'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 WSP Global.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in WSP Global on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding WSP Global or generate 0.0% return on investment in WSP Global over 90 days. WSP Global is related to or competes with Stantec, Aecon, Stantec, Badger Infrastructure, TFI International, Waste Connections, and CGI. WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sw... More
WSP Global 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 WSP Global'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 WSP Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 6.64 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.78 |
WSP Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WSP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WSP Global's standard deviation. In reality, there are many statistical measures that can use WSP Global historical prices to predict the future WSP Global's volatility.| Risk Adjusted Performance | 0.1877 | |||
| Jensen Alpha | 0.2197 | |||
| Total Risk Alpha | 0.0593 | |||
| Sortino Ratio | 0.0737 | |||
| Treynor Ratio | 5.84 |
WSP Global Backtested Returns
WSP Global appears to be very steady, given 3 months investment horizon. WSP Global shows Sharpe Ratio of 0.23, which attests that the company had a 0.23 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for WSP Global, which you can use to evaluate the volatility of the company. Please utilize WSP Global's Risk Adjusted Performance of 0.1877, downside deviation of 1.28, and Mean Deviation of 0.8279 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WSP Global holds a performance score of 18. The firm maintains a market beta of 0.0385, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WSP Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding WSP Global is expected to be smaller as well. Please check WSP Global's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether WSP Global's historical returns will revert.
Auto-correlation | 0.77 |
Good predictability
WSP Global has good predictability. Overlapping area represents the amount of predictability between WSP Global time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WSP Global price movement. The serial correlation of 0.77 indicates that around 77.0% of current WSP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 25.12 |
WSP Global lagged returns against current returns
Autocorrelation, which is WSP Global 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 WSP Global's stock expected returns. We can calculate the autocorrelation of WSP Global returns to help us make a trade decision. For example, suppose you find that WSP Global 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 |
WSP Global 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 WSP Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WSP Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WSP Global stock over time.
Current vs Lagged Prices |
| Timeline |
WSP Global Lagged Returns
When evaluating WSP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WSP Global stock have on its future price. WSP Global 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, WSP Global autocorrelation shows the relationship between WSP Global stock current value and its past values and can show if there is a momentum factor associated with investing in WSP Global.
Regressed Prices |
| Timeline |
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
| 0.89 | NVDA | NVIDIA CDR | PairCorr |
| 0.88 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.86 | AMZN | Amazon CDR | PairCorr |
| 0.85 | META | Meta Platforms CDR | PairCorr |
Moving against WSP Stock
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.Other Information on Investing in WSP Stock
WSP Global financial ratios help investors to determine whether WSP 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 WSP with respect to the benefits of owning WSP Global security.