Western Alliance Bancorporation Stock Price on April 16, 2024
| WAL Stock | USD 63.03 0.97 1.56% |
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 63.03, as last reported on the 31st of May, with the highest price reaching 63.24 and the lowest price hitting 62.20 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 0.11, which attests that the company had a 0.11% 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 1.59, downside deviation of 1.9, and Market Risk Adjusted Performance of 0.0615 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 1.56. 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 55.5669 | 50 Day MA 60.9782 | Beta 1.469 |
Western |
Sharpe Ratio = 0.1133
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | WAL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Western Alliance is performing at about 8% 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 1.0797 | Price Sales 2.4419 | Shares Float 105.7 M | Dividend Share 1.46 | Wall Street Target Price 73.55 |
Western Alliance Valuation on April 16, 2024
It is possible to determine the worth of Western Alliance on a given historical date. On April 16, 2024 Western was worth 55.57 at the beginning of the trading date compared to the closed value of 54.96. 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 | |
| 57.12 | 58.01 | 55.25 | 55.84 | 1,104,693 | |
04/16/2024 | 55.57 | 55.77 | 54.50 | 54.96 | 742,639 |
| 56.37 | 56.97 | 54.88 | 55.17 | 746,597 |
| Backtest Western Alliance | | | Western Alliance History | | | Western Alliance Valuation | Previous | Next |
Western Alliance Trading Date Momentum on April 16, 2024
| On April 17 2024 Western Alliance Bancorporation was traded for 55.17 at the closing time. Highest Western Alliance's price during the trading hours was 56.97 and the lowest price during the day was 54.88 . The net volume was 746.6 K. The overall trading history on the 17th of April 2024 contributed to the next trading period price upswing. The trading price change to the next next day price was 0.38% . The trading price change to current price is 6.57% . |
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 | April 16, 2024
| High |
55.57 | 54.96 |
Western Alliance May 31, 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
| Accumulation Distribution | 16911.45 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 55.14 | |||
| Day Typical Price | 55.08 | |||
| Price Action Indicator | (0.48) | |||
| Period Momentum Indicator | 8.07 |
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 | 0.0394 | |||
| Jensen Alpha | 0.0765 | |||
| Total Risk Alpha | 0.0559 | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | 0.0515 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Western Alliance Ban information on this page should be used as a complementary analysis to other Western Alliance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Western Stock analysis
When running Western Alliance's price analysis, check to measure Western Alliance'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 Western Alliance is operating at the current time. Most of Western Alliance's value examination focuses on studying past and present price action to predict the probability of Western Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Alliance's price. Additionally, you may evaluate how the addition of Western Alliance to your portfolios can decrease your overall portfolio volatility.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |
Is Western Alliance's industry 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 0.25 | Dividend Share 1.46 | Earnings Share 6.86 | Revenue Per Share 25.259 | Quarterly Revenue Growth 0.34 |
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.