Washington Federal Preferred Stock Market Value
| WAFDP Preferred Stock | USD 17.45 0.20 1.16% |
| Symbol | Washington |
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 preferred 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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Washington Federal on December 3, 2022 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 720 days. Washington Federal is related to or competes with Capital One, Capital One, Bank of America, and KeyCorp. Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that pro... 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 preferred 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 | 1.09 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.68 |
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 | 0.0335 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1223 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Washington Federal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Washington Federal Backtested Returns
Currently, Washington Federal is very steady. Washington Federal shows Sharpe Ratio of 0.0291, which attests that the company had a 0.0291% 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 Downside Deviation of 1.09, market risk adjusted performance of 0.1323, and Mean Deviation of 0.9537 to validate if the risk estimate we provide is consistent with the expected return of 0.0344%. Washington Federal has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Washington Federal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Washington Federal is expected to be smaller as well. Washington Federal right now maintains a risk of 1.18%. Please check out Washington Federal downside variance, as well as the relationship between the accumulation distribution and price action indicator , to decide if Washington Federal will be following its historical returns.
Auto-correlation | -0.65 |
Very good reverse predictability
Washington Federal has very good reverse predictability. Overlapping area represents the amount of predictability between Washington Federal time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 -0.65 indicates that roughly 65.0% of current Washington Federal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
Washington Federal lagged returns against current returns
Autocorrelation, which is Washington Federal preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Washington Federal preferred 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 preferred 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 preferred 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 preferred 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 |
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 together with Washington Preferred Stock
Moving against Washington Preferred Stock
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.