Western Total Current Assets vs Common Stock Analysis

WAL Stock  USD 85.47  1.40  1.67%   
Western Alliance financial indicator trend analysis is more than just analyzing Western Alliance Ban current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Alliance Ban is a good investment. Please check the relationship between Western Alliance Total Current Assets and its Common Stock accounts. 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 closely tied with the direction of predictive economic indicators such as signals in nation.

Total Current Assets vs Common Stock

Total Current Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Alliance Ban Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Alliance's Total Current Assets and Common Stock is 0.72. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Western Alliance Bancorporation, assuming nothing else is changed. The correlation between historical values of Western Alliance's Total Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Western Alliance Bancorporation are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Western Alliance's Total Current Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Common Stock

Most indicators from Western Alliance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Alliance Ban current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Western Alliance's Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.14 this year, although the value of Tax Provision will most likely fall to about 164.3 M.
 2023 2024 2025 2026 (projected)
Total Revenue2.1B5.0B5.8B6.1B
Interest Expense1.7B1.9B2.2B2.3B

Western Alliance fundamental ratios Correlations

0.460.50.320.280.420.310.340.520.30.10.450.470.350.460.420.380.450.420.460.31-0.830.360.590.170.38
0.460.990.720.860.990.970.880.930.97-0.711.00.520.941.00.990.90.990.990.990.79-0.220.960.66-0.440.97
0.50.990.690.850.990.940.860.940.95-0.650.990.530.911.00.980.890.980.990.980.75-0.260.940.67-0.390.95
0.320.720.690.350.70.70.470.740.67-0.730.720.450.880.690.710.80.770.70.790.77-0.120.720.77-0.40.69
0.280.860.850.350.860.890.840.760.88-0.530.860.420.750.870.850.780.840.870.810.55-0.140.810.31-0.350.9
0.420.990.990.70.860.970.90.910.98-0.720.990.420.930.991.00.890.980.990.980.79-0.190.960.63-0.470.96
0.310.970.940.70.890.970.880.850.98-0.770.970.430.940.960.960.910.960.960.950.8-0.110.930.52-0.470.97
0.340.880.860.470.840.90.880.680.93-0.610.880.250.750.890.880.760.840.870.850.83-0.150.830.31-0.430.82
0.520.930.940.740.760.910.850.680.83-0.590.930.610.90.930.930.830.930.930.930.65-0.260.930.84-0.390.89
0.30.970.950.670.880.980.980.930.83-0.770.970.40.920.970.960.890.960.970.960.83-0.080.930.49-0.480.95
0.1-0.71-0.65-0.73-0.53-0.72-0.77-0.61-0.59-0.77-0.71-0.26-0.8-0.7-0.71-0.65-0.73-0.69-0.71-0.71-0.27-0.78-0.430.7-0.72
0.451.00.990.720.860.990.970.880.930.97-0.710.520.941.00.990.90.990.990.990.79-0.220.960.65-0.440.97
0.470.520.530.450.420.420.430.250.610.4-0.260.520.520.520.40.50.530.510.530.34-0.390.490.530.020.51
0.350.940.910.880.750.930.940.750.90.92-0.80.940.520.920.930.950.960.930.960.82-0.130.910.69-0.470.94
0.461.01.00.690.870.990.960.890.930.97-0.71.00.520.920.990.890.980.990.980.78-0.230.960.64-0.440.96
0.420.990.980.710.851.00.960.880.930.96-0.710.990.40.930.990.880.980.990.980.78-0.180.960.66-0.480.95
0.380.90.890.80.780.890.910.760.830.89-0.650.90.50.950.890.880.930.910.940.78-0.180.80.57-0.350.93
0.450.990.980.770.840.980.960.840.930.96-0.730.990.530.960.980.980.930.980.990.8-0.250.950.66-0.490.98
0.420.990.990.70.870.990.960.870.930.97-0.690.990.510.930.990.990.910.980.990.76-0.160.950.65-0.440.96
0.460.990.980.790.810.980.950.850.930.96-0.710.990.530.960.980.980.940.990.990.82-0.220.940.7-0.430.95
0.310.790.750.770.550.790.80.830.650.83-0.710.790.340.820.780.780.780.80.760.82-0.120.790.48-0.470.7
-0.83-0.22-0.26-0.12-0.14-0.19-0.11-0.15-0.26-0.08-0.27-0.22-0.39-0.13-0.23-0.18-0.18-0.25-0.16-0.22-0.12-0.13-0.25-0.26-0.2
0.360.960.940.720.810.960.930.830.930.93-0.780.960.490.910.960.960.80.950.950.940.79-0.130.7-0.560.91
0.590.660.670.770.310.630.520.310.840.49-0.430.650.530.690.640.660.570.660.650.70.48-0.250.7-0.290.56
0.17-0.44-0.39-0.4-0.35-0.47-0.47-0.43-0.39-0.480.7-0.440.02-0.47-0.44-0.48-0.35-0.49-0.44-0.43-0.47-0.26-0.56-0.29-0.44
0.380.970.950.690.90.960.970.820.890.95-0.720.970.510.940.960.950.930.980.960.950.7-0.20.910.56-0.44
Click cells to compare fundamentals

Western Alliance Account Relationship Matchups

Western Alliance fundamental ratios Accounts

202120222023202420252026 (projected)
Common Stock Shares Outstanding103.3M107.6M108.5M109.3M125.7M77.1M
Total Assets56.0B67.7B70.9B80.9B93.1B97.7B
Total Stockholder Equity5.0B5.4B6.1B6.7B7.7B8.1B
Net Debt2.0B6.3B6.7B2.5B2.9B3.1B
Cash516M1.0B1.6B4.1B4.7B4.9B
Non Current Assets Total49.3B59.6B58.1B72.4B83.3B87.4B
Non Currrent Assets Other1.3B2.2B2.1B3.0B3.4B3.6B
Other Assets40.4B58.2B279M65.7B75.6B79.4B
Cash And Short Term Investments6.7B8.1B12.7B8.5B9.8B10.3B
Liabilities And Stockholders Equity56.0B67.7B70.9B80.9B93.1B97.7B
Non Current Liabilities Total2.7B3.7B2.7B4.7B5.4B5.7B
Other Stockholder Equity(86.8M)(105M)(116M)(125M)(143.8M)(136.6M)
Total Liab51.0B62.4B64.8B74.2B85.4B89.6B
Total Current Assets6.7B8.1B12.7B8.5B9.8B10.3B
Short Long Term Debt Total2.5B7.4B8.3B6.6B7.6B8.0B
Other Current Liab47.6B53.6B55.3B66.3B76.3B80.1B
Total Current Liabilities48.3B58.6B62.1B69.5B79.9B83.9B
Other Liab464.8M37M37.6M1.3B1.5B1.6B
Property Plant And Equipment Net315M439M484M489M562.4M590.5M
Retained Earnings2.8B3.7B4.2B4.8B5.5B5.8B
Accounts Payable520.3M467.4M867.5M1.4B1.6B1.6B
Long Term Debt2.4B7.2B1.3B3.3B3.8B4.0B
Short Term Investments6.2B7.1B11.2B4.4B5.1B2.7B
Other Current Assets2.7B826.8M(784M)1.6B1.8B1.7B
Property Plant And Equipment Gross314.9M439M690M766M880.9M924.9M
Accumulated Other Comprehensive Income15.7M(661M)(513M)(534M)(480.6M)(456.6M)
Short Term Debt727M5.0B6.8B3.2B3.6B3.8B
Intangible Assets841M1.3B1.3B1.3B1.4B1.5B
Common Stock2.0B2.2B2.2B2.2B2.6B2.7B
Property Plant Equipment314.9M439M484M489M562.4M590.5M
Inventory13.9M1.4M11.7M11M9.9M9.4M
Retained Earnings Total Equity1.7B2.0B2.8B3.7B4.2B4.4B
Treasury Stock(62.7M)(71.1M)(86.8M)(105M)(94.5M)(89.8M)
Net Tangible Assets2.7B3.1B4.0B4.4B5.0B5.3B
Long Term Debt Total2.4B7.2B1.3B3.3B3.8B4.0B

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When determining whether Western Alliance Ban is a strong investment it is important to analyze Western Alliance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Alliance's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:
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 closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Regional Banks space 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
0.267
Dividend Share
1.52
Earnings Share
8.22
Revenue Per Share
29.308
Quarterly Revenue Growth
0.087
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.