Western Alliance Bancorporation Stock Market Value
| WAL Stock | USD 55.28 0.88 1.57% |
| 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.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Western Alliance on March 17, 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 30 days. Western Alliance is related to or competes with Home Bancorp, and Northfield Bancorp. 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 | (0.08) | |||
| 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 | (0.03) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.1) |
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 -0.0411, which attests that the company had a -0.0411% return per unit of risk over the last 3 months. Western Alliance Ban exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Alliance's Standard Deviation of 2.75, market risk adjusted performance of (0.09), and Mean Deviation of 2.03 to validate the risk estimate we provide. The firm maintains a market beta of 1.79, 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 -0.11%. Please make sure to check out Western Alliance Ban maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Western Alliance Ban performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Western Alliance Bancorporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Western Alliance time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 -0.75 indicates that around 75.0% of current Western Alliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
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 |
Western Alliance Investors Sentiment
The influence of Western Alliance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Western. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Western Alliance's public news can be used to forecast risks associated with an investment in Western. The trend in average sentiment can be used to explain how an investor holding Western can time the market purely based on public headlines and social activities around Western Alliance Bancorporation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Western Alliance's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Western Alliance's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Western Alliance's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Western Alliance.
Western Alliance Implied Volatility | 97.75 |
Western Alliance's implied volatility exposes the market's sentiment of Western Alliance Bancorporation stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Western Alliance's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Western Alliance stock will not fluctuate a lot when Western Alliance's options are near their expiration.
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 Western Alliance 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, Western Alliance's short interest history, or implied volatility extrapolated from Western Alliance options trading.
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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.