Western Alliance Bancorporation Stock Market Value
| WAL Stock | USD 55.74 0.25 0.45% |
| Symbol | Western |
Western Alliance Ban Price To Book Ratio
Is Western Alliance's industry 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 Western Alliance. If investors know Western 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 Western Alliance 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 (0.50) | Dividend Share 1.45 | Earnings Share 6.54 | Revenue Per Share 23.61 | Quarterly Revenue Growth (0.04) |
The market value of Western Alliance Ban is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Alliance's value that differs from its market value or its book value, called intrinsic value, which is Western Alliance's 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 Western Alliance's market value can be influenced by many factors that don't directly affect Western Alliance's 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 Western Alliance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Alliance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Alliance's 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.
Western Alliance '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 Western Alliance'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 Western Alliance.
| 02/19/2024 |
| 04/19/2024 |
If you would invest 0.00 in Western Alliance on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Western Alliance Bancorporation or generate 0.0% return on investment in Western Alliance over 60 days. Western Alliance is related to or competes with Home Bancorp, and Lake Shore. Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various ban... More
Western Alliance 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 Western Alliance'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 Western Alliance Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.07 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 4.47 |
Western Alliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Alliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Alliance's standard deviation. In reality, there are many statistical measures that can use Western Alliance historical prices to predict the future Western Alliance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Alliance's 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.
Western Alliance Ban Backtested Returns
Western Alliance Ban shows Sharpe Ratio of -0.0816, which attests that the company had a -0.0816% return per unit of risk over the last 3 months. Western Alliance Ban exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Alliance's Mean Deviation of 2.02, market risk adjusted performance of (0.06), and Standard Deviation of 2.74 to validate the risk estimate we provide. The firm maintains a market beta of 1.88, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Western Alliance will likely underperform. Western Alliance Ban has an expected return of -0.22%. Please make sure to check out Western Alliance Ban value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Western Alliance Ban performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Western Alliance Bancorporation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Western Alliance time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th of April 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 Western Alliance Ban price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Western Alliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 8.57 |
Western Alliance Ban lagged returns against current returns
Autocorrelation, which is Western Alliance 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 Western Alliance's stock expected returns. We can calculate the autocorrelation of Western Alliance returns to help us make a trade decision. For example, suppose you find that Western Alliance 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 |
Western Alliance 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 Western Alliance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Alliance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Alliance stock over time.
Current vs Lagged Prices |
| Timeline |
Western Alliance Lagged Returns
When evaluating Western Alliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Alliance stock have on its future price. Western Alliance 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, Western Alliance autocorrelation shows the relationship between Western Alliance stock current value and its past values and can show if there is a momentum factor associated with investing in Western Alliance Bancorporation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Alliance Ban is a strong investment it is important to analyze Western Alliance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Alliance's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:Check out Western Alliance Correlation, Western Alliance Volatility and Western Alliance Alpha and Beta module to complement your research on Western Alliance. Note that the Western Alliance Ban information on this page should be used as a complementary analysis to other Western Alliance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Western Stock analysis
When running Western Alliance's price analysis, check to measure Western Alliance's 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 Western Alliance is operating at the current time. Most of Western Alliance's value examination focuses on studying past and present price action to predict the probability of Western Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Alliance's price. Additionally, you may evaluate how the addition of Western Alliance to your portfolios can decrease your overall portfolio volatility.
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Western Alliance 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.