Western Alliance Bancorp (Western Alliance Bancorp) Momentum Rank : 9 (As of Jun. 06, 2024)

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What is Western Alliance Bancorp Momentum Rank?

Western Alliance Bancorp has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Western Alliance Bancorp's Momentum Rank

For the Banks - Regional subindustry, Western Alliance Bancorp's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Western Alliance Bancorp's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Western Alliance Bancorp's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Western Alliance Bancorp's Momentum Rank falls into.

Western Alliance Bancorp Momentum Rank Related Terms

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Western Alliance Bancorp (Western Alliance Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western Alliance Bancorp (NYSE:WALpA.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WAL:USA WEA:Germany WABC34:Brazil

Address

One East Washington Street, Suite 1400, Phoenix, AZ, USA, 85004

Website

https://www.westernalliancebancorporation.com

Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.