Western Competitors
| WAL Stock | USD 94.83 0.09 0.09% |
Western Alliance vs First Horizon Correlation
Almost no diversification
The correlation between Western Alliance Bancorp. and FHN is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Alliance Bancorp. and FHN in the same portfolio, assuming nothing else is changed.
Moving together with Western Stock
| 0.89 | BIRG | Bank of Ireland | PairCorr |
| 0.94 | AX | Axos Financial | PairCorr |
| 0.75 | FFIN | First Financial Bank | PairCorr |
Moving against Western Stock
Return On Equity is expected to rise to 0.13 this year, although the value of Return On Tangible Assets will most likely fall to 0.01. At this time, Western Alliance's Net Tangible Assets are quite stable compared to the past year. Earning Assets is expected to rise to about 15.9 B this year, although the value of Other Current Assets will most likely fall to about 1.7 B.Western Alliance Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Western Alliance and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Western and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Western Alliance Ban does not affect the price movement of the other competitor.
Risk-Adjusted Indicators
There is a big difference between Western Stock performing well and Western Alliance Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Western Alliance's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTFC | 1.19 | 0.21 | 0.15 | 0.29 | 1.15 | 3.41 | 8.80 | |||
| UMBF | 1.23 | 0.25 | 0.23 | 0.32 | 0.86 | 3.61 | 6.43 | |||
| ZION | 1.13 | 0.25 | 0.18 | 0.33 | 1.06 | 2.58 | 8.08 | |||
| CFG | 1.17 | 0.33 | 0.28 | 0.35 | 0.79 | 2.99 | 9.61 | |||
| ONB | 1.19 | 0.24 | 0.18 | 0.30 | 1.05 | 2.93 | 7.78 | |||
| CFR | 1.02 | 0.19 | 0.18 | 0.29 | 0.72 | 3.15 | 7.64 | |||
| SSB | 1.00 | 0.22 | 0.20 | 0.34 | 0.79 | 2.92 | 5.15 | |||
| BPOP | 1.25 | 0.35 | 0.20 | 0.53 | 1.26 | 2.96 | 6.73 | |||
| WBS | 1.15 | 0.32 | 0.23 | 0.43 | 0.93 | 3.30 | 9.34 | |||
| FHN | 1.06 | 0.20 | 0.16 | 0.31 | 0.97 | 3.35 | 7.47 |
Cross Equities Net Income Analysis
Compare Western Alliance Ban and related stocks such as Wintrust Financial, UMB Financial, and Zions Bancorporation Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WTFC | 1.5 M | 77.6 M | 111.2 M | 137.2 M | 151.4 M | 156.7 M | 206.9 M | 257.7 M | 343.2 M | 355.7 M | 293 M | 466.2 M | 509.7 M | 622.6 M | 695 M | 823.8 M | 865 M |
| UMBF | 30.3 M | 106.5 M | 122.7 M | 134 M | 120.7 M | 116.1 M | 158.8 M | 247.1 M | 195.5 M | 243.6 M | 286.5 M | 353 M | 431.7 M | 350 M | 441.2 M | 702.4 M | 737.5 M |
| ZION | 24.5 M | 323.8 M | 349.5 M | 263.8 M | 398.5 M | 309 M | 469 M | 592 M | 884 M | 816 M | 539 M | 1.1 B | 907 M | 680 M | 784 M | 899 M | 944 M |
| CFG | 506 M | 506 M | 643 M | (3.4 B) | 865 M | 840 M | 1 B | 1.7 B | 1.7 B | 1.8 B | 1.1 B | 2.3 B | 2.1 B | 1.6 B | 1.5 B | 1.8 B | 1.2 B |
| ONB | 12 M | 72.5 M | 91.7 M | 100.9 M | 103.7 M | 116.7 M | 134.3 M | 95.7 M | 190.8 M | 238.2 M | 226.4 M | 277.5 M | 428.3 M | 582 M | 539.2 M | 669.3 M | 702.7 M |
| CFR | 10.3 M | 217.5 M | 238 M | 237.9 M | 278 M | 279.3 M | 304.3 M | 364.1 M | 454.9 M | 443.6 M | 331.2 M | 443.1 M | 579.1 M | 598 M | 582.5 M | 648.6 M | 681 M |
| SSB | 4.6 M | 22.6 M | 30 M | 49.2 M | 75.4 M | 99.5 M | 101.3 M | 87.6 M | 178.9 M | 186.5 M | 120.6 M | 475.5 M | 496 M | 494.3 M | 534.8 M | 798.7 M | 838.6 M |
| BPOP | 63.4 M | 151.3 M | 245.3 M | 599.3 M | (313.5 M) | 895.3 M | 216.7 M | 107.7 M | 618.2 M | 671.1 M | 506.6 M | 934.9 M | 1.1 B | 541.3 M | 614.2 M | 833.2 M | 874.8 M |
| WBS | 4.5 M | 151.4 M | 173.7 M | 179.5 M | 199.7 M | 204.7 M | 207.1 M | 255.4 M | 360.4 M | 382.7 M | 220.6 M | 408.9 M | 644.3 M | 867.8 M | 768.7 M | 1 B | 1.1 B |
| FHN | 37.8 M | 131.2 M | (27.8 M) | 26.9 M | 222.5 M | 85.9 M | 227 M | 165.5 M | 545 M | 441 M | 845 M | 999 M | 900 M | 897 M | 775 M | 983 M | 1 B |
Western Alliance Ban and related stocks such as Wintrust Financial, UMB Financial, and Zions Bancorporation Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Western Alliance Ban financial statement analysis. It represents the amount of money remaining after all of Western Alliance Bancorporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Western Alliance Competitive Analysis
The better you understand Western Alliance competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Western Alliance's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Western Alliance's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Western Alliance Competition Performance Charts
Five steps to successful analysis of Western Alliance Competition
Western Alliance's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Western Alliance Ban in relation to its competition. Western Alliance's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Western Alliance in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Western Alliance's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Western Alliance Ban, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Is Regional Banks 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 Western Alliance. Anticipated expansion of Western directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Western Alliance assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.329 | Dividend Share 1.56 | Earnings Share 8.89 | Revenue Per Share | Quarterly Revenue Growth 0.166 |
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. Meanwhile, Western Alliance's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.