Washington Federal Preferred Stock Beta
| WAFDP Preferred Stock | USD 17.80 0.27 1.54% |
Washington Federal fundamentals help investors to digest information that contributes to Washington Federal's financial success or failures. It also enables traders to predict the movement of Washington Preferred Stock. The fundamental analysis module provides a way to measure Washington Federal's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Washington Federal preferred stock.
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Washington Federal Company Beta Analysis
Washington Federal's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Washington Federal Beta | 0.85 |
Most of Washington Federal's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Washington Federal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Washington Federal has a Beta of 0.8532. This is 4.05% higher than that of the Financial Services sector and significantly higher than that of the Banks—Regional industry. The beta for all United States preferred stocks is notably lower than that of the firm.
Washington Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Washington Federal's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Washington Federal could also be used in its relative valuation, which is a method of valuing Washington Federal by comparing valuation metrics of similar companies.Washington Federal is currently under evaluation in beta category among its peers.
Washington Federal ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Washington Federal's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Washington Federal's managers, analysts, and investors.Environmental | Governance | Social |
Washington Federal returns are very sensitive to returns on the market. As the market goes up or down, Washington Federal is expected to follow.
Washington Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0128 | ||||
| Profit Margin | 0.38 % | ||||
| Operating Margin | 0.50 % | ||||
| Current Valuation | 1.66 B | ||||
| Number Of Shares Shorted | 10.71 K | ||||
| Price To Earning | 7.89 X | ||||
| Revenue | 661.61 M | ||||
| Gross Profit | 657.96 M | ||||
| EBITDA | 435.86 M | ||||
| Net Income | 236.33 M | ||||
| Cash And Equivalents | 683.96 M | ||||
| Cash Per Share | 10.47 X | ||||
| Total Debt | 2.12 B | ||||
| Book Value Per Share | 30.96 X | ||||
| Cash Flow From Operations | 268.46 M | ||||
| Short Ratio | 0.49 X | ||||
| Earnings Per Share | 2.74 X | ||||
| Number Of Employees | 2.14 K | ||||
| Beta | 0.85 | ||||
| Market Capitalization | 2.32 B | ||||
| Total Asset | 20.77 B | ||||
| Z Score | 0.6 | ||||
| Annual Yield | 0.06 % | ||||
| Net Asset | 20.77 B | ||||
| Last Dividend Paid | 0.72 |
About Washington Federal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Washington Federal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Washington Federal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Washington Federal based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Washington Federal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Washington Federal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Washington Federal will appreciate offsetting losses from the drop in the long position's value.Moving against Washington Preferred Stock
| 0.44 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.43 | AX | Axos Financial | PairCorr |
| 0.32 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.31 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
The ability to find closely correlated positions to Washington Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Washington Federal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Washington Federal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Washington Federal to buy it.
The correlation of Washington Federal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Washington Federal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Washington Federal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Washington Federal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Washington Preferred Stock Analysis
When running Washington Federal's price analysis, check to measure Washington Federal'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 Washington Federal is operating at the current time. Most of Washington Federal's value examination focuses on studying past and present price action to predict the probability of Washington Federal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Washington Federal's price. Additionally, you may evaluate how the addition of Washington Federal to your portfolios can decrease your overall portfolio volatility.