Wheaton Precious Metals Stock Market Value
| WPM Stock | USD 66.89 0.40 0.60% |
| Symbol | Wheaton |
Wheaton Precious Metals Price To Book Ratio
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wheaton Precious. If investors know Wheaton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wheaton Precious listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 0.61 | Earnings Share 1.26 | Revenue Per Share 2.499 | Quarterly Revenue Growth 0.129 |
The market value of Wheaton Precious Metals is measured differently than its book value, which is the value of Wheaton that is recorded on the company's balance sheet. Investors also form their own opinion of Wheaton Precious' value that differs from its market value or its book value, called intrinsic value, which is Wheaton Precious' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wheaton Precious' market value can be influenced by many factors that don't directly affect Wheaton Precious' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wheaton Precious' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wheaton Precious is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wheaton Precious' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Wheaton Precious '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 Wheaton Precious' 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 Wheaton Precious.
| 09/21/2024 |
| 10/21/2024 |
If you would invest 0.00 in Wheaton Precious on September 21, 2024 and sell it all today you would earn a total of 0.00 from holding Wheaton Precious Metals or generate 0.0% return on investment in Wheaton Precious over 30 days. Wheaton Precious is related to or competes with Newmont Goldcorp, Gold Fields, and B2Gold Corp. Wheaton Precious Metals Corp., a streaming company, primarily sells precious metals in Canada and internationally More
Wheaton Precious 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 Wheaton Precious' 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 Wheaton Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0313 | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.47 |
Wheaton Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wheaton Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wheaton Precious' standard deviation. In reality, there are many statistical measures that can use Wheaton Precious historical prices to predict the future Wheaton Precious' volatility.| Risk Adjusted Performance | 0.076 | |||
| Jensen Alpha | 0.0617 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0304 | |||
| Treynor Ratio | 0.1566 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wheaton Precious' 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.
Wheaton Precious Metals Backtested Returns
As of now, Wheaton Stock is very steady. Wheaton Precious Metals shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wheaton Precious Metals, which you can use to evaluate the volatility of the company. Please check out Wheaton Precious' Market Risk Adjusted Performance of 0.1666, downside deviation of 1.71, and Mean Deviation of 1.3 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Wheaton Precious has a performance score of 8 on a scale of 0 to 100. The firm maintains a market beta of 0.89, which attests to possible diversification benefits within a given portfolio. Wheaton Precious returns are very sensitive to returns on the market. As the market goes up or down, Wheaton Precious is expected to follow. Wheaton Precious Metals right now maintains a risk of 1.68%. Please check out Wheaton Precious Metals treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Wheaton Precious Metals will be following its historical returns.
Auto-correlation | -0.81 |
Excellent reverse predictability
Wheaton Precious Metals has excellent reverse predictability. Overlapping area represents the amount of predictability between Wheaton Precious time series from 21st of September 2024 to 6th of October 2024 and 6th of October 2024 to 21st of October 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 Wheaton Precious Metals price movement. The serial correlation of -0.81 indicates that around 81.0% of current Wheaton Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 6.21 |
Wheaton Precious Metals lagged returns against current returns
Autocorrelation, which is Wheaton Precious 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 Wheaton Precious' stock expected returns. We can calculate the autocorrelation of Wheaton Precious returns to help us make a trade decision. For example, suppose you find that Wheaton Precious 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 |
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Wheaton Precious 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 Wheaton Precious stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wheaton Precious stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wheaton Precious stock over time.
Current vs Lagged Prices |
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Wheaton Precious Lagged Returns
When evaluating Wheaton Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wheaton Precious stock have on its future price. Wheaton Precious 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, Wheaton Precious autocorrelation shows the relationship between Wheaton Precious stock current value and its past values and can show if there is a momentum factor associated with investing in Wheaton Precious Metals.
Regressed Prices |
| Timeline |
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Wheaton Precious technical stock 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, stock market cycles, or different charting patterns.