Western Alliance Bancorporation Stock Price on May 31, 2024
| WAL Stock | USD 93.50 0.53 0.56% |
Below is the normalized historical share price chart for Western Alliance Bancorporation extending back to June 30, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Alliance stands at 93.50, as last reported on the 28th of November, with the highest price reaching 93.50 and the lowest price hitting 93.50 during the day.
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. Western Alliance appears to be very steady, given 3 months investment horizon. Western Alliance Ban shows Sharpe Ratio of 0.09, which attests that the company had a 0.09% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Alliance Ban, which you can use to evaluate the volatility of the company. Please utilize Western Alliance's Mean Deviation of 1.88, downside deviation of 2.43, and Market Risk Adjusted Performance of 0.1148 to validate if our risk estimates are consistent with your expectations.
At this time, Western Alliance's Sale Purchase Of Stock is quite stable compared to the past year. . Price Earnings Ratio is expected to rise to 14.40 this year, although the value of Price To Sales Ratio will most likely fall to 2.65. Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of June 2005 | 200 Day MA 71.0153 | 50 Day MA 87.0674 | Beta 1.435 |
Western |
Sharpe Ratio = 0.09
| Best Portfolio | Best Equity | |||
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| Small Returns | WAL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.92 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Western Alliance is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Alliance by adding it to a well-diversified portfolio.
Price Book 1.6498 | Price Sales 3.5558 | Shares Float 103.2 M | Dividend Share 1.48 | Wall Street Target Price 100.1429 |
Western Alliance Main Headline on 31st of May 2024
Western Alliance Ban dividend paid on 31st of May 2024 |
Western Alliance Valuation on May 31, 2024
It is possible to determine the worth of Western Alliance on a given historical date. On May 31, 2024 Western was worth 61.85 at the beginning of the trading date compared to the closed value of 62.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Alliance stock. Still, in general, we apply an absolute valuation method to find Western Alliance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Western Alliance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Alliance's related companies.
| Open | High | Low | Close | Volume | |
| 61.92 | 62.27 | 61.30 | 61.51 | 508,998 | |
05/31/2024 | 61.85 | 62.68 | 61.65 | 62.47 | 838,079 |
| 62.90 | 62.93 | 60.10 | 60.71 | 971,467 |
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Western Alliance Trading Date Momentum on May 31, 2024
| On June 03 2024 Western Alliance Bancorporation was traded for 60.71 at the closing time. Highest Western Alliance's price during the trading hours was 62.93 and the lowest price during the day was 60.10 . The net volume was 971.5 K. The overall trading history on the 3rd of June contributed to the next trading period price depreciation. The trading price change to the next next day price was 2.82% . The trading price change to current price is 7.99% . |
Western Alliance Ban Fundamentals Correlations and Trends
By evaluating Western Alliance's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Western Alliance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Western Alliance Stock history
Western Alliance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Alliance Ban will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Western Alliance stock prices may prove useful in developing a viable investing in Western Alliance
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 108.5 M | 72.2 M | |
| Net Income Applicable To Common Shares | 1.2 B | 1.3 B |
Western Alliance Stock Technical Analysis
Western Alliance 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.
Price Boundaries
Western Alliance Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Western Alliance Bancorporation cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Western Alliance November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Alliance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Alliance shares will generate the highest return on investment. By undertsting and applying Western Alliance stock market strength indicators, traders can identify Western Alliance Bancorporation entry and exit signals to maximize returns
Western Alliance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Alliance's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0806 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.059 | |||
| Treynor Ratio | 0.1048 |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Alliance Bancorporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Western Alliance. If investors know Western 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 Western Alliance 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 (0.09) | Dividend Share 1.48 | Earnings Share 6.47 | Revenue Per Share 26.821 | Quarterly Revenue Growth 0.121 |
The market value of Western Alliance Ban is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Alliance's value that differs from its market value or its book value, called intrinsic value, which is Western Alliance'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 Western Alliance's market value can be influenced by many factors that don't directly affect Western Alliance'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 Western Alliance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Alliance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Alliance'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.