Westpac Banking Ceases Over 700k Securities in Buy-Back - TipRanks
| WBC Stock | 32.24 0.63 1.92% |
Slightly above 62% of Westpac Banking's investor base is looking to short. The analysis of overall sentiment of trading Westpac Banking Corp stock suggests that many investors are alarmed at this time. Westpac Banking's investing sentiment can be driven by a variety of factors including economic data, Westpac Banking's earnings reports, geopolitical events, and overall market trends.
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Westpac Banking Ceases Over 700k Securities in Buy-Back TipRanks
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Westpac Banking Fundamental Analysis
We analyze Westpac Banking's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westpac Banking using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westpac Banking based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Annual Yield
Annual Yield Comparative Analysis
Westpac Banking is currently under evaluation in annual yield category among its peers. Yield generally refers to the amount of cash that is paid back to the owner of a security over a specific time (usually one year). It is expressed as a percentage of current market price, and usually amounts to all the interests and/or dividends paid over a given period. A higher yield allows the shareholders to generate returns on their investments sooner. However, investors should also be aware that a high yield may be a result of market turmoil or increased price volatility.
Westpac Banking Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Westpac Banking stock to make a market-neutral strategy. Peer analysis of Westpac Banking could also be used in its relative valuation, which is a method of valuing Westpac Banking by comparing valuation metrics with similar companies.
Peers
Westpac Banking Related Equities
| CIA | Champion Iron | 5.17 | ||||
| MGX | Mount Gibson | 3.13 | ||||
| CIW | Clime Investment | 3.03 | ||||
| BSL | Bluescope Steel | 2.93 | ||||
| AOF | Australian Unity | 0.00 | ||||
| TI1 | Tombador Iron | 0.00 | ||||
| CWY | Cleanaway Waste | 0.70 |
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.