Forget Westpac shares and buy these ASX income stocks - MSN
| WBCPL Preferred Stock | 106.45 0.23 0.22% |
About 62% of Westpac Banking's investor base is looking to short. The analysis of current outlook of investing in Westpac Banking suggests that many traders are alarmed regarding Westpac Banking's prospects. The current market sentiment, together with Westpac Banking's historical and current headlines, can help investors time the market. In addition, many technical investors use Westpac Banking preferred stock news signals to limit their universe of possible portfolio assets.
Westpac |
Forget Westpac shares and buy these ASX income stocks MSN
Read at news.google.com
 |
Westpac Banking Fundamental Analysis
We analyze Westpac Banking's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westpac Banking using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westpac Banking 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.
Beta
Beta Comparative Analysis
Westpac Banking is rated below average in beta category among its peers. 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.
Westpac Banking Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Westpac Banking preferred stock to make a market-neutral strategy. Peer analysis of Westpac Banking could also be used in its relative valuation, which is a method of valuing Westpac Banking by comparing valuation metrics with similar companies.
Peers
Westpac Banking Related Equities
| IMR | Imricor Medical | 5.45 | ||||
| BTI | British Amer | 1.61 | ||||
| PCI | Perpetual Credit | 0.87 | ||||
| MWY | Midway | 0.81 | ||||
| ALL | Aristocrat Leisure | 0.44 | ||||
| WBCPL | Westpac Banking | 0.22 |
Complementary Tools for Westpac Preferred 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.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |