Washington Capex To Revenue from 2010 to 2024
| WAFDP Preferred Stock | USD 17.36 0.07 0.40% |
Check Washington Federal financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Washington Federal's main balance sheet or income statement drivers, such as , as well as many indicators such as . Washington financial statements analysis is a perfect complement when working with Washington Federal Valuation or Volatility modules.
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About Washington Federal Financial Statements
Washington Federal shareholders use historical fundamental indicators, such as Capex To Revenue, to determine how well the company is positioned to perform in the future. Although Washington Federal investors may analyze each financial statement separately, they are all interrelated. The changes in Washington Federal's assets and liabilities, for example, are also reflected in the revenues and expenses on on Washington Federal's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Washington Federal, Inc. operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington. Washington Federal operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 2132 people.
Pair Trading with Washington Federal
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Washington Federal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Washington Federal will appreciate offsetting losses from the drop in the long position's value.Moving against Washington Preferred Stock
| 0.81 | TECTP | Tectonic Financial | PairCorr |
| 0.81 | BANC-PF | Banc of California | PairCorr |
| 0.8 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.8 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.78 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
The ability to find closely correlated positions to Washington Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Washington Federal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Washington Federal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Washington Federal to buy it.
The correlation of Washington Federal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Washington Federal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Washington Federal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Washington Federal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Washington Preferred Stock Analysis
When running Washington Federal's price analysis, check to measure Washington Federal'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 Washington Federal is operating at the current time. Most of Washington Federal's value examination focuses on studying past and present price action to predict the probability of Washington Federal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Washington Federal's price. Additionally, you may evaluate how the addition of Washington Federal to your portfolios can decrease your overall portfolio volatility.