Westpac Banking Corporation

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

Ulcer Index

Score

-0.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 19 25.3 0.37% 0.58% 2.0% -2.7% -18.4%
SHORT 19 14.1 0.37% 0.58% 2.5% -1.8% -3.9%

Summary

Technical Analysis

Westpac Banking Corporation (WBC.AX)


Indicator:

ULCER INDEX


Last Signal:

BEARISH


Trading: SELL @ $28.81
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Westpac Banking Corporation (ASX:WBC) UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.527.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Westpac Banking Corporation (WBC.AX)


Stock Exchange: ASX
Company: Westpac Banking Corporation
Ticker Codes: | WBC.AX | ASX:WBC |

About Westpac Banking Corporation (ASX:WBC):

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; installment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services; and corporate and structured finance, as well as trade and supply chain finance. It serves individuals; micro, small, and medium enterprises; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.

Top 10:

Ulcer Index

Download
Company Close Change(%) Volume Value Signal
PPC Peet & Company 1.17 9.3 3,249,634 9.46 BEARISH
CUV Clinuvel Pharmaceuticals 31.19 8.3 136,460 8.43 BEARISH
PLS Pilbara Minerals 0.84 7.1 14,160,985 6.1 BEARISH
CWP Cedar Woods Properties 5.87 6.7 89,806 7.95 BEARISH
GXY Galaxy Resources 1.79 6.2 4,771,486 5.18 BEARISH
GCY Gascoyne Resources 0.04 5 3,915,995 17.04 BEARISH
CAT Catuity 1.37 5 307,114 9.97 BEARISH
NHC New Hope 2.78 4.9 2,587,007 13.08 BEARISH
SMN Structural Monitoring Systems 0.87 4.8 53,316 6.56 BEARISH
CDV Cardinal Resources 0.38 4.1 86,761 9.1 BEARISH