Washington Federal Stock Market Value
| WAFD Stock | USD 36.35 0.43 1.20% |
| Symbol | Washington |
Washington Federal 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 Washington Federal. If investors know Washington 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 Washington Federal 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 (0.01) | Earnings Share 2.5 | Revenue Per Share 9.483 | Quarterly Revenue Growth 0.245 | Return On Assets 0.0079 |
The market value of Washington Federal is measured differently than its book value, which is the value of Washington that is recorded on the company's balance sheet. Investors also form their own opinion of Washington Federal's value that differs from its market value or its book value, called intrinsic value, which is Washington Federal'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 Washington Federal's market value can be influenced by many factors that don't directly affect Washington Federal'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 Washington Federal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Washington Federal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Washington Federal'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.
Washington Federal '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 Washington Federal'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 Washington Federal.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Washington Federal on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Washington Federal or generate 0.0% return on investment in Washington Federal over 180 days. Washington Federal is related to or competes with Waterstone Financial, Mid Penn, ST Bancorp, Republic Bancorp, Southern Missouri, IF Bancorp, and Colony Bankcorp. Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank that provides lending, deposit... More
Washington Federal 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 Washington Federal'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 Washington Federal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.0038 | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 2.81 |
Washington Federal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Washington Federal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Washington Federal's standard deviation. In reality, there are many statistical measures that can use Washington Federal historical prices to predict the future Washington Federal's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.005 | |||
| Treynor Ratio | 0.0445 |
Washington Federal Backtested Returns
At this point, Washington Federal is very steady. Washington Federal shows Sharpe Ratio of 0.0084, which attests that the company had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Washington Federal, which you can use to evaluate the volatility of the company. Please check out Washington Federal's Market Risk Adjusted Performance of 0.0545, mean deviation of 1.45, and Downside Deviation of 1.78 to validate if the risk estimate we provide is consistent with the expected return of 0.0188%. The firm maintains a market beta of 2.12, 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, Washington Federal will likely underperform. Washington Federal right now maintains a risk of 2.24%. Please check out Washington Federal value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Washington Federal will be following its historical returns.
Auto-correlation | 0.07 |
Virtually no predictability
Washington Federal has virtually no predictability. Overlapping area represents the amount of predictability between Washington Federal time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Washington Federal price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Washington Federal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.41 |
Washington Federal lagged returns against current returns
Autocorrelation, which is Washington Federal 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 Washington Federal's stock expected returns. We can calculate the autocorrelation of Washington Federal returns to help us make a trade decision. For example, suppose you find that Washington Federal 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 |
| Timeline |
Washington Federal 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 Washington Federal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Washington Federal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Washington Federal stock over time.
Current vs Lagged Prices |
| Timeline |
Washington Federal Lagged Returns
When evaluating Washington Federal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Washington Federal stock have on its future price. Washington Federal 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, Washington Federal autocorrelation shows the relationship between Washington Federal stock current value and its past values and can show if there is a momentum factor associated with investing in Washington Federal.
Regressed Prices |
| Timeline |
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 Washington Federal is a strong investment it is important to analyze Washington Federal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Washington Federal's future performance. For an informed investment choice regarding Washington Stock, refer to the following important reports:Check out Washington Federal Correlation, Washington Federal Volatility and Washington Federal Alpha and Beta module to complement your research on Washington Federal. For information on how to trade Washington Stock refer to our How to Trade Washington Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Washington Federal 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.