Westpac Banking (Australia) Market Value
| WBC Stock | 33.41 0.42 1.24% |
| Symbol | Westpac |
Westpac Banking '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 Westpac Banking'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 Westpac Banking.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Westpac Banking on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Westpac Banking Corp or generate 0.0% return on investment in Westpac Banking over 30 days. Westpac Banking is related to or competes with Lendlease, Macquarie Bank, Insignia Financial, Finexia Financial, Bank of Queensland, and BSP Financial. Westpac Banking is entity of Australia. It is traded as Stock on AU exchange. More
Westpac Banking 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 Westpac Banking'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 Westpac Banking Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0387 | |||
| Maximum Drawdown | 4.52 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 2.0 |
Westpac Banking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westpac Banking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westpac Banking's standard deviation. In reality, there are many statistical measures that can use Westpac Banking historical prices to predict the future Westpac Banking's volatility.| Risk Adjusted Performance | 0.1204 | |||
| Jensen Alpha | 0.1805 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0362 | |||
| Treynor Ratio | (1.03) |
Westpac Banking Corp Backtested Returns
Currently, Westpac Banking Corp is very steady. Westpac Banking Corp shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Westpac Banking Corp, which you can use to evaluate the volatility of the company. Please check out Westpac Banking's Market Risk Adjusted Performance of (1.02), downside deviation of 1.2, and Mean Deviation of 0.8838 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Westpac Banking has a performance score of 11 on a scale of 0 to 100. The firm maintains a market beta of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westpac Banking are expected to decrease at a much lower rate. During the bear market, Westpac Banking is likely to outperform the market. Westpac Banking Corp right now maintains a risk of 1.12%. Please check out Westpac Banking Corp treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Westpac Banking Corp will be following its historical returns.
Auto-correlation | 0.55 |
Modest predictability
Westpac Banking Corp has modest predictability. Overlapping area represents the amount of predictability between Westpac Banking time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Westpac Banking Corp price movement. The serial correlation of 0.55 indicates that about 55.0% of current Westpac Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Westpac Banking Corp lagged returns against current returns
Autocorrelation, which is Westpac Banking 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 Westpac Banking's stock expected returns. We can calculate the autocorrelation of Westpac Banking returns to help us make a trade decision. For example, suppose you find that Westpac Banking 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 |
Westpac Banking 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 Westpac Banking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westpac Banking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westpac Banking stock over time.
Current vs Lagged Prices |
| Timeline |
Westpac Banking Lagged Returns
When evaluating Westpac Banking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westpac Banking stock have on its future price. Westpac Banking 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, Westpac Banking autocorrelation shows the relationship between Westpac Banking stock current value and its past values and can show if there is a momentum factor associated with investing in Westpac Banking Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Westpac 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.