Westamerica Bancorporation Stock Market Value
| WABC Stock | USD 56.51 0.85 1.53% |
| Symbol | Westamerica |
Westamerica Bancorporation Price To Book Ratio
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 Westamerica Bancorporation. If investors know Westamerica 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 Westamerica Bancorporation 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 (0.16) | Dividend Share 1.76 | Earnings Share 5.49 | Revenue Per Share 11.398 | Quarterly Revenue Growth (0.10) |
The market value of Westamerica Bancorporation is measured differently than its book value, which is the value of Westamerica that is recorded on the company's balance sheet. Investors also form their own opinion of Westamerica Bancorporation's value that differs from its market value or its book value, called intrinsic value, which is Westamerica Bancorporation'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 Westamerica Bancorporation's market value can be influenced by many factors that don't directly affect Westamerica Bancorporation'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 Westamerica Bancorporation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westamerica Bancorporation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westamerica Bancorporation'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.
Westamerica Bancorporation '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 Westamerica Bancorporation'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 Westamerica Bancorporation.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Westamerica Bancorporation on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Westamerica Bancorporation or generate 0.0% return on investment in Westamerica Bancorporation over 30 days. Westamerica Bancorporation is related to or competes with Heritage Commerce, Heritage Financial, Penns Woods, 1st Source, Great Southern, Waterstone Financial, and Home Bancorp. Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking pro... More
Westamerica Bancorporation 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 Westamerica Bancorporation'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 Westamerica Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.0533 | |||
| Maximum Drawdown | 16.18 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.9 |
Westamerica Bancorporation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westamerica Bancorporation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westamerica Bancorporation's standard deviation. In reality, there are many statistical measures that can use Westamerica Bancorporation historical prices to predict the future Westamerica Bancorporation's volatility.| Risk Adjusted Performance | 0.0798 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0787 | |||
| Treynor Ratio | 0.0939 |
Westamerica Bancorporation Backtested Returns
At this point, Westamerica Bancorporation is very steady. Westamerica Bancorporation shows Sharpe Ratio of 0.0845, which attests that the company had a 0.0845% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westamerica Bancorporation, which you can use to evaluate the volatility of the company. Please check out Westamerica Bancorporation's Market Risk Adjusted Performance of 0.1039, mean deviation of 1.36, and Downside Deviation of 1.47 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Westamerica Bancorporation has a performance score of 6 on a scale of 0 to 100. The firm maintains a market beta of 2.14, 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, Westamerica Bancorporation will likely underperform. Westamerica Bancorporation right now maintains a risk of 2.14%. Please check out Westamerica Bancorporation value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Westamerica Bancorporation will be following its historical returns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Westamerica Bancorporation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Westamerica Bancorporation time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Westamerica Bancorporation price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Westamerica Bancorporation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Westamerica Bancorporation lagged returns against current returns
Autocorrelation, which is Westamerica Bancorporation 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 Westamerica Bancorporation's stock expected returns. We can calculate the autocorrelation of Westamerica Bancorporation returns to help us make a trade decision. For example, suppose you find that Westamerica Bancorporation 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 |
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Westamerica Bancorporation 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 Westamerica Bancorporation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westamerica Bancorporation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westamerica Bancorporation stock over time.
Current vs Lagged Prices |
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Westamerica Bancorporation Lagged Returns
When evaluating Westamerica Bancorporation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westamerica Bancorporation stock have on its future price. Westamerica Bancorporation 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, Westamerica Bancorporation autocorrelation shows the relationship between Westamerica Bancorporation stock current value and its past values and can show if there is a momentum factor associated with investing in Westamerica Bancorporation.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Westamerica Bancorporation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westamerica Bancorporation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Westamerica Bancorporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Westamerica Bancorporation Stock:Check out Westamerica Bancorporation Correlation, Westamerica Bancorporation Volatility and Westamerica Bancorporation Alpha and Beta module to complement your research on Westamerica Bancorporation. For information on how to trade Westamerica Stock refer to our How to Trade Westamerica Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Westamerica Bancorporation 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.