Westpac Banking (Australia) Market Value
| WBCPH Preferred Stock | 100.30 0.09 0.09% |
| 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 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 Westpac Banking.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Westpac Banking on December 18, 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 90 days. Westpac Banking is related to or competes with Platinum Asset, Computershare, Flagship Investments, Clime Investment, Sandon Capital, and Metals X. 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 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 Westpac Banking Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.4732 | |||
| Maximum Drawdown | 1.24 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.2589 |
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 | (0.06) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0081 | |||
| Treynor Ratio | (0.41) |
Westpac Banking Corp Backtested Returns
At this point, Westpac Banking is very steady. Westpac Banking Corp shows Sharpe Ratio of 0.0208, which attests that the company had a 0.0208 % return per unit of risk over the last 3 months. We have found twenty-two 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 (0.40), standard deviation of 0.1957, and Mean Deviation of 0.1374 to validate if the risk estimate we provide is consistent with the expected return of 0.004%. Westpac Banking has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.04, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westpac Banking's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westpac Banking is expected to be smaller as well. Westpac Banking Corp right now maintains a risk of 0.19%. Please check out Westpac Banking Corp maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Westpac Banking Corp will be following its historical returns.
Auto-correlation | 0.23 |
Weak predictability
Westpac Banking Corp has weak predictability. Overlapping area represents the amount of predictability between Westpac Banking time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th of March 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 Westpac Banking Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Westpac Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Westpac Banking Corp lagged returns against current returns
Autocorrelation, which is Westpac Banking 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 Westpac Banking's preferred 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 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 |
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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westpac Banking preferred 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 preferred 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 preferred 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 preferred 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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Other Information on Investing in Westpac Preferred Stock
Westpac Banking financial ratios help investors to determine whether Westpac 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 Westpac with respect to the benefits of owning Westpac Banking security.