Westpac Banking Stock Market Value
| WEBNF Stock | USD 20.99 1.01 4.59% |
| 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 pink sheet 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.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Westpac Banking on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Westpac Banking or generate 0.0% return on investment in Westpac Banking over 360 days. Westpac Banking is related to or competes with Bank of America, Bank of America, Agricultural Bank, Bank of America, Commonwealth Bank, ANZ Group, and National Australia. Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asi... 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 pink sheet 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.91 | |||
| Information Ratio | 0.0308 | |||
| Maximum Drawdown | 13.54 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 6.14 |
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 | 0.059 | |||
| Jensen Alpha | 0.1863 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.027 | |||
| Treynor Ratio | 0.7519 |
Westpac Banking Backtested Returns
At this point, Westpac Banking is not too volatile. Westpac Banking shows Sharpe Ratio of 0.0441, which attests that the company had a 0.0441% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westpac Banking, which you can use to evaluate the volatility of the company. Please check out Westpac Banking's Market Risk Adjusted Performance of 0.7619, downside deviation of 3.91, and Mean Deviation of 2.59 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Westpac Banking has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.29, 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 right now maintains a risk of 3.46%. Please check out Westpac Banking potential upside, as well as the relationship between the skewness and day median price , to decide if Westpac Banking will be following its historical returns.
Auto-correlation | 0.74 |
Good predictability
Westpac Banking has good predictability. Overlapping area represents the amount of predictability between Westpac Banking time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 2024. 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 price movement. The serial correlation of 0.74 indicates that around 74.0% of current Westpac Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
Westpac Banking lagged returns against current returns
Autocorrelation, which is Westpac Banking pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westpac Banking pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westpac Banking pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Westpac Banking.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Westpac Pink Sheet
Westpac Banking financial ratios help investors to determine whether Westpac Pink Sheet 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.