Western Alliance Bancorporation Preferred Stock Market Value
| WAL-PA Preferred Stock | USD 21.44 0.07 0.33% |
| Symbol | Western |
Western Alliance '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 Western Alliance'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 Western Alliance.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Western Alliance on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Western Alliance Bancorporation or generate 0.0% return on investment in Western Alliance over 720 days. Western Alliance is related to or competes with Morgan Stanley, KeyCorp, KeyCorp, KeyCorp, and JPMorgan Chase. Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various ban... More
Western Alliance 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 Western Alliance'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 Western Alliance Bancorporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.0286 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.08 |
Western Alliance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Alliance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Alliance's standard deviation. In reality, there are many statistical measures that can use Western Alliance historical prices to predict the future Western Alliance's volatility.| Risk Adjusted Performance | 0.1128 | |||
| Jensen Alpha | 0.1049 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.028 | |||
| Treynor Ratio | 0.3813 |
Western Alliance Ban Backtested Returns
At this point, Western Alliance is very steady. Western Alliance Ban shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Western Alliance Ban, which you can use to evaluate the volatility of the company. Please check out Western Alliance's Downside Deviation of 1.17, market risk adjusted performance of 0.3913, and Mean Deviation of 0.872 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Western Alliance has a performance score of 9 on a scale of 0 to 100. The firm maintains a market beta of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Western Alliance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Alliance is expected to be smaller as well. Western Alliance Ban right now maintains a risk of 1.14%. Please check out Western Alliance Ban kurtosis, market facilitation index, and the relationship between the semi variance and rate of daily change , to decide if Western Alliance Ban will be following its historical returns.
Auto-correlation | -0.21 |
Weak reverse predictability
Western Alliance Bancorporation has weak reverse predictability. Overlapping area represents the amount of predictability between Western Alliance time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Western Alliance Ban price movement. The serial correlation of -0.21 indicates that over 21.0% of current Western Alliance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Western Alliance Ban lagged returns against current returns
Autocorrelation, which is Western Alliance 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 Western Alliance's preferred stock expected returns. We can calculate the autocorrelation of Western Alliance returns to help us make a trade decision. For example, suppose you find that Western Alliance 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 |
Western Alliance 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 Western Alliance preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Alliance preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Alliance preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Western Alliance Lagged Returns
When evaluating Western Alliance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Alliance preferred stock have on its future price. Western Alliance 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, Western Alliance autocorrelation shows the relationship between Western Alliance preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Western Alliance Bancorporation.
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.Other Information on Investing in Western Preferred Stock
Western Alliance financial ratios help investors to determine whether Western Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Alliance security.