Westpac Banking (Australia) Price on February 16, 2024
| WBCPM Stock | 105.80 0.65 0.61% |
If you're considering investing in Westpac Stock, it is important to understand the factors that can impact its price. As of today, the current price of Westpac Banking stands at 105.80, as last reported on the 23rd of November, with the highest price reaching 106.59 and the lowest price hitting 105.50 during the day. At this point, Westpac Banking is very steady. Westpac Banking shows Sharpe Ratio of 0.0683, which attests that the company had a 0.0683% return per unit of risk over the last 3 months. We have found thirty technical indicators for Westpac Banking, which you can use to evaluate the volatility of the company. Please check out Westpac Banking's Mean Deviation of 0.3235, downside deviation of 0.5079, and Market Risk Adjusted Performance of (0.71) to validate if the risk estimate we provide is consistent with the expected return of 0.0321%.
As of November 23, 2024, Total Stockholder Equity is expected to decline to about 77.8 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 2.9 B. Westpac Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Westpac |
Sharpe Ratio = 0.0683
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Estimated Market Risk
| 0.47 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Westpac Banking is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Westpac Banking by adding it to a well-diversified portfolio.
Enterprise Value 442.7 B | Shares Float 3.5 B | Revenue Per Share 5.996 |
Westpac Banking Valuation on February 16, 2024
It is possible to determine the worth of Westpac Banking on a given historical date. On February 16, 2024 Westpac was worth 98.4 at the beginning of the trading date compared to the closed value of 98.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Westpac Banking stock. Still, in general, we apply an absolute valuation method to find Westpac Banking's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Westpac Banking where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Westpac Banking's related companies.
| Open | High | Low | Close | Volume | |
| 98.19 | 98.40 | 98.19 | 98.36 | 11,074 | |
02/16/2024 | 98.40 | 98.70 | 98.39 | 98.63 | 15,415 |
| 98.58 | 98.61 | 98.45 | 98.48 | 10,778 |
| Backtest Westpac Banking | | | Westpac Banking History | | | Westpac Banking Valuation | Previous | Next |
Westpac Banking Trading Date Momentum on February 16, 2024
| On February 19 2024 Westpac Banking was traded for 98.48 at the closing time. The highest price during the trading period was 98.61 and the lowest recorded bid was listed for 98.45 . The volume for the day was 10.8 K. This history from February 19, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 0.15% . The trading price change to the current price is 0.27% . |
Westpac Banking Fundamentals Correlations and Trends
By evaluating Westpac Banking's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Westpac Banking's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Westpac financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Westpac Banking Stock history
Westpac Banking investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Westpac is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Westpac Banking will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Westpac Banking stock prices may prove useful in developing a viable investing in Westpac Banking
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.2 B | 2.9 B |
Westpac Banking Stock Technical Analysis
Westpac Banking 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.
Price Boundaries
Westpac Banking Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Westpac Banking cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Westpac Banking November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Westpac Banking stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Westpac Banking shares will generate the highest return on investment. By undertsting and applying Westpac Banking stock market strength indicators, traders can identify Westpac Banking entry and exit signals to maximize returns
Westpac Banking Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Westpac Banking's price direction in advance. Along with the technical and fundamental analysis of Westpac Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Westpac to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | 0.0369 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.72) |
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Complementary Tools for Westpac Stock analysis
When running Westpac Banking's price analysis, check to measure Westpac Banking'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 Westpac Banking is operating at the current time. Most of Westpac Banking's value examination focuses on studying past and present price action to predict the probability of Westpac Banking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westpac Banking's price. Additionally, you may evaluate how the addition of Westpac Banking to your portfolios can decrease your overall portfolio volatility.
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