Westpac Banking Return On Asset vs. Total Asset
| WBCPL Preferred Stock | 106.20 0.05 0.05% |
For Westpac Banking profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Westpac Banking to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Westpac Banking utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Westpac Banking's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Westpac Banking over time as well as its relative position and ranking within its peers.
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Westpac Banking Total Asset vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Westpac Banking's current stock value. Our valuation model uses many indicators to compare Westpac Banking value to that of its competitors to determine the firm's financial worth. Westpac Banking is rated first in return on asset category among its peers. It is rated first in total asset category among its peers fabricating about Huge of Total Asset per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Westpac Banking by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Westpac Banking's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Westpac Total Asset vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Westpac Banking |
| = | 0.007 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Westpac Banking |
| = | 1.03 T |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Westpac Total Asset Comparison
Westpac Banking is currently under evaluation in total asset category among its peers.
Westpac Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Westpac Banking. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Westpac Banking position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Westpac Banking's important profitability drivers and their relationship over time.
Use Westpac Banking in pair-trading
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 Westpac Banking 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 Westpac Banking will appreciate offsetting losses from the drop in the long position's value.Westpac Banking Pair Trading
Westpac Banking Pair Trading Analysis
The ability to find closely correlated positions to Westpac Banking could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westpac Banking 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 Westpac Banking - 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 Westpac Banking to buy it.
The correlation of Westpac Banking 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 Westpac Banking moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westpac Banking 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 Westpac Banking 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.Use Investing Themes to Complement your Westpac Banking position
In addition to having Westpac Banking in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Small & Mid Caps ETFs Thematic Idea Now
Small & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small & Mid Caps ETFs theme has 19 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Small & Mid Caps ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Westpac Preferred Stock
To fully project Westpac Banking's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Westpac Banking at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Westpac Banking's income statement, its balance sheet, and the statement of cash flows.