Western Alliance's market value is the price at which a share of Western Alliance trades on a public exchange. It measures the collective expectations of Western Alliance Bancorporation investors about its performance. Western Alliance is trading at 22.16 as of the 2nd of January 2025, a 0.05% down since the beginning of the trading day. The preferred stock's open price was 22.17. With this module, you can estimate the performance of a buy and hold strategy of Western Alliance Bancorporation and determine expected loss or profit from investing in Western Alliance over a given investment horizon. Check out Western Alliance Correlation, Western Alliance Volatility and Western Alliance Alpha and Beta module to complement your research on Western Alliance.
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.
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.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/02/2025
0.00
If you would invest 0.00 in Western Alliance on January 13, 2023 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 New York, Bank of Hawaii, US Bancorp, and Truist Financial. 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.
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.
Western Alliance appears to be very steady, given 3 months investment horizon. Western Alliance Ban shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Alliance Ban, which you can use to evaluate the volatility of the company. Please utilize Western Alliance's Downside Deviation of 1.17, mean deviation of 0.7555, and Market Risk Adjusted Performance of 1.18 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Western Alliance holds a performance score of 15. The firm maintains a market beta of 0.17, which attests to not very significant fluctuations relative to the market. 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. Please check Western Alliance's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Western Alliance's historical returns will revert.
Auto-correlation
0.16
Very weak predictability
Western Alliance Bancorporation has very weak predictability. Overlapping area represents the amount of predictability between Western Alliance time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd of January 2025. 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 0.16 indicates that over 16.0% of current Western Alliance price fluctuation can be explain by its past prices.
Correlation Coefficient
0.16
Spearman Rank Test
0.09
Residual Average
0.0
Price Variance
3.23
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.