Westpac Competitors

Delisted . USA . 
Stock . Westpac Banking
Westpac Banking competes with Western Digital, Genfit, Regeneron Pharmaceuticals, Asure Software, and Ardelyx; as well as few others. The company runs under Financial Services sector within Banks—Diversified industry. Analyzing Westpac Banking competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Westpac Banking to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Westpac Banking competition on your existing holdings.
  
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westpac Banking. Your research has to be compared to or analyzed against Westpac Banking's peers to derive any actionable benefits. When done correctly, Westpac Banking's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Westpac Banking.

Westpac Banking Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Westpac Banking and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Westpac and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Westpac Banking does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
NTGR
+ 0.81
CNTA
NTGR
+ 0.69
ABCL
ASUR
+ 0.66
WDC
ABCL
+ 0.61
ASUR
ARDX
+ 0.57
REGN
CNTA
+ 0.52
ABCL
  
High negative correlations   
NTGR
- 0.85
REGN
CNTA
- 0.64
REGN
ABCL
- 0.63
REGN
NTGR
- 0.48
ARDX
ABCL
- 0.43
ARDX
REGN
- 0.43
WDC

Risk-Adjusted Indicators

There is a big difference between Westpac Stock performing well and Westpac Banking Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Westpac Banking's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Westpac Banking Competitive Analysis

The better you understand Westpac Banking competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Westpac Banking's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Westpac Banking's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
WDC GNFT REGN ASUR ARDX ABCL CNTA NTGR
 2.37 
 71.69 
Western
 0.25 
 4.04 
Genfit
 1.68 
 749.57 
Regeneron
 0.62 
 9.63 
Asure
 0.72 
 5.50 
Ardelyx
 3.96 
 2.91 
Abcellera
 1.00 
 17.12 
Centessa
 3.83 
 25.51 
NETGEAR
Market Volatility
(90 Days Market Risk)
Very steady
Moderately volatile
Very steady
Somewhat reliable
Moderately volatile
Slightly risky
Slightly risky
Not too volatile
Market Performance
(90 Days Performance)
OK
Very Weak
Very Weak
Modest
Very Weak
OK
Modest
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Average
Very Low
Low
Low
Below Average
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Fairly Valued
Under Valued
Under Valued
Under Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Strong Buy
Buy
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Sell
Hold
Hold
Sell
Sell
Cautious Hold
Strong Buy
Current Ratio
1.83 X
6.33 X
5.36 X
1.07 X
2.31 X
9.86 X
15.48 X
2.51 X
Net Asset
24.19 B
173.87 M
33.08 B
443.87 M
297.58 M
1.49 B
360.25 M
847.14 M
Profit Margin
0.03 %
0.28 %
0.34 %
(0.11) %
(0.29) %
N/A
N/A
0.03 %
EBITDA
324 M
(22.24 M)
4.05 B
15.81 M
(55.35 M)
(192.16 M)
(166.07 M)
(33.27 M)
Operating Margin
0.15 %
0.51 %
0.33 %
(0.12) %
0.02 %
(14.39) %
(23.59) %
(0.02) %
Current Valuation
31.31 B
207.23 M
76.68 B
259 M
1.23 B
323.22 M
1.8 B
344.69 M
Price To Book
2.13 X
1.97 X
2.81 X
1.28 X
8.23 X
0.83 X
4.52 X
1.33 X
Retained Earnings
6.78 B
(389.79 M)
27.26 B
(290.44 M)
(846.2 M)
279.79 M
(752.95 M)
(432.32 M)
Current Asset
12.58 B
305.96 M
2.92 B
7.68 M
112.03 M
N/A
N/A
821.14 M
Five Year Return
3.23 %
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
1.39
1.12
0.14
0.53
0.91
0.35
1.48
0.83
Number Of Employees
51 K
169
14.16 K
564
267
586
76
638
Shares Outstanding
345.71 M
49.91 M
108.07 M
26.55 M
236.85 M
295.37 M
131.84 M
28.77 M
Cash Flow From Operations
(294 M)
(55.43 M)
4.59 B
18.9 M
(89.72 M)
(43.88 M)
(160.34 M)
56.85 M
Total Debt
7.43 B
70.18 M
2.7 B
10.44 M
55.98 M
77.38 M
84.59 M
41.57 M
Return On Equity
0.0332
0.26
0.17
-0.0622
-0.42
-0.16
-0.43
0.0362
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
0.0404
0.0651
0.0741
-0.0183
-0.12
-0.13
-0.2
-0.0463
Number Of Shares Shorted
18.1 M
62.94 K
1.79 M
713.32 K
23.31 M
15.93 M
2.44 M
891.37 K
Book Value Per Share
33.65 X
1.96 X
272.04 X
7.50 X
0.67 X
3.65 X
4.29 X
19.13 X
Current Liabilities
6.95 B
44.21 M
811.16 M
16.28 M
7.72 M
N/A
N/A
315.77 M
Total Asset
24.19 B
173.87 M
33.08 B
443.87 M
297.58 M
1.49 B
360.25 M
847.14 M
Debt To Equity
0.61 %
0.68 %
0.13 %
0.28 %
0.56 %
0.06 %
0.16 %
0.05 %
Short Ratio
3.29 X
6.74 X
2.14 X
6.28 X
4.69 X
6.39 X
5.59 X
2.66 X
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Target Price
89.81
9.73
1078.63
13.17
10.67
12.29
28.57
22.0
Shares Owned By Institutions
96.00 %
0.25 %
90.50 %
76.84 %
61.44 %
39.76 %
92.51 %
85.10 %
Market Capitalization
24.78 B
205.57 M
83.77 B
255.71 M
1.31 B
894.96 M
2.26 B
733.92 M
Price To Earning
31.52 X
4.72 X
15.51 X
73.89 X
(2.11) X
16.67 X
N/A
7.07 X
Price To Earnings To Growth
490.33 X
N/A
1.12 X
0.68 X
(0.08) X
2.22 X
N/A
2.84 X
Price To Sales
1.73 X
2.55 X
6.05 X
2.22 X
5.21 X
27.15 X
329.37 X
1.08 X
Net Income
(798 M)
(28.89 M)
3.95 B
(9.21 M)
(66.07 M)
(146.4 M)
(151.09 M)
(104.77 M)
Earnings Per Share
0.91 X
0.39 X
40.40 X
(0.48) X
(0.32) X
(0.61) X
(1.52) X
0.67 X
Shares Owned By Insiders
0.32 %
N/A
1.56 %
5.88 %
1.69 %
28.02 %
1.31 %
6.77 %
Revenue
13 B
28.57 M
13.12 B
119.08 M
124.46 M
38.02 M
6.85 M
740.84 M
Working Capital
1.97 B
74.64 M
16.06 B
25.88 M
195.72 M
752.97 M
275.71 M
483.63 M
Cash And Equivalents
2.05 B
209.12 M
7.02 B
14.59 M
90.62 M
868.21 M
484.16 M
233.2 M
Cash Per Share
6.45 X
4.21 X
65.75 X
0.73 X
0.48 X
3.04 X
5.13 X
8.07 X
Gross Profit
5.87 B
26.25 M
7.02 B
62.51 M
15.54 M
311.11 M
N/A
250.55 M
Day Typical Price
71.99
4.1
755.71
9.62
5.54
2.95
17.18
25.2
Accumulation Distribution
0.0526
0.0542
0.0291
0.0277
0.0525
0.0525
0.0404
0.0464
Market Facilitation Index
3.9
0.23
22.43
0.27
0.3
0.16
0.71
1.19
Daily Balance Of Power
(0.45)
(0.04)
(0.57)
(0.22)
(0.13)
(0.75)
0.2394
0.7899
Period Momentum Indicator
(1.74)
(0.01)
(12.77)
(0.06)
(0.04)
(0.12)
0.17
0.94
Rate Of Daily Change
0.98
1.0
0.98
0.99
0.99
0.96
1.01
1.04
Day Median Price
72.14
4.13
758.79
9.62
5.56
2.97
17.2
25.05
Price Action Indicator
(1.32)
(0.09)
(15.60)
(0.01)
(0.08)
(0.12)
N/A
0.94
Relative Strength Index
48.08
26.45
12.96
46.15
38.5
48.47
55.83
67.32
Coefficient Of Variation
1423.21
(34,735)
(254.04)
1381.2
(5,994)
1459.61
896.82
574.47
Mean Deviation
1.74
2.87
1.18
1.85
3.0
2.87
2.81
2.34
Jensen Alpha
(0)
(0.1)
(0.77)
0.0582
(0.31)
0.1412
0.3038
0.6346
Total Risk Alpha
(0.16)
(0.62)
(0.92)
(0.20)
(0.69)
(0.27)
(0.10)
0.1615
Sortino Ratio
0.0238
N/A
N/A
0.0317
N/A
0.0475
0.0894
0.3297
Downside Variance
3.89
N/A
N/A
11.25
N/A
10.44
12.87
4.0
Standard Deviation
2.28
4.38
1.72
3.04
4.45
3.89
3.89
4.44
Kurtosis
0.4505
4.26
8.32
8.38
6.93
3.63
1.17
32.55
Potential Upside
4.61
6.17
1.56
5.27
5.02
6.88
8.37
5.28
Treynor Ratio
0.1018
(0.03)
(0.84)
0.143
(0.04)
0.2298
0.3647
0.6151
Maximum Drawdown
11.83
30.76
11.18
19.48
33.99
22.7
21.09
34.93
Variance
5.2
19.2
2.95
9.21
19.83
15.15
15.14
19.71
Market Risk Adjusted Performance
0.1118
(0.02)
(0.83)
0.153
(0.03)
0.2398
0.3747
0.6251
Risk Adjusted Performance
0.0603
0.0061
(0.29)
0.0627
(0)
0.0603
0.0931
0.1411
Skewness
0.5421
(0.26)
(2.10)
(1.08)
(1.25)
1.28
0.5884
4.91
Semi Deviation
1.84
N/A
N/A
2.92
N/A
2.99
3.18
1.54
Information Ratio
0.0206
(0.03)
(0.46)
0.0351
(0.04)
0.0394
0.0824
0.1485
Value At Risk
(2.94)
(6.16)
(3.28)
(3.76)
(6.13)
(5.47)
(5.69)
(3.74)
Expected Short fall
(1.95)
N/A
N/A
(2.06)
N/A
(3.32)
(3.06)
(3.11)
Downside Deviation
1.97
N/A
N/A
3.35
N/A
3.23
3.59
2.0
Semi Variance
3.39
N/A
N/A
8.53
N/A
8.93
10.09
2.38

Westpac Banking Competition Performance Charts

Five steps to successful analysis of Westpac Banking Competition

Westpac Banking's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Westpac Banking in relation to its competition. Westpac Banking's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Westpac Banking in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Westpac Banking's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Westpac Banking, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Westpac Banking position

In addition to having Westpac Banking in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Junk Bonds Funds Thematic Idea Now

Junk Bonds Funds
Junk Bonds Funds Theme
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Junk Bonds Funds Theme or any other thematic opportunities.
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Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Consideration for investing in Westpac Stock

If you are still planning to invest in Westpac Banking check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Westpac Banking's history and understand the potential risks before investing.
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