Seagate Technology Plc Stock Market Value
| STX Stock | USD 86.53 1.35 1.58% |
| Symbol | Seagate |
Seagate Technology PLC Price To Book Ratio
Is Seagate Technology's industry 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 Seagate Technology. If investors know Seagate 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 Seagate Technology 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 (0.94) | Dividend Share 2.8 | Earnings Share (3.51) | Revenue Per Share 31.111 | Quarterly Revenue Growth (0.18) |
The market value of Seagate Technology PLC is measured differently than its book value, which is the value of Seagate that is recorded on the company's balance sheet. Investors also form their own opinion of Seagate Technology's value that differs from its market value or its book value, called intrinsic value, which is Seagate Technology'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 Seagate Technology's market value can be influenced by many factors that don't directly affect Seagate Technology'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 Seagate Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seagate Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seagate Technology'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.
Seagate Technology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Seagate Technology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Seagate Technology.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Seagate Technology on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Seagate Technology PLC or generate 0.0% return on investment in Seagate Technology over 720 days. Seagate Technology is related to or competes with LG Display, Sony Corp, Sonos, Vizio Holding, Singing Machine, Koss, and GoPro. Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Neth... More
Seagate Technology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Seagate Technology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Seagate Technology PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.3 |
Seagate Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seagate Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seagate Technology's standard deviation. In reality, there are many statistical measures that can use Seagate Technology historical prices to predict the future Seagate Technology's volatility.| Risk Adjusted Performance | 0.0234 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0322 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Seagate Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Seagate Technology PLC Backtested Returns
Seagate Technology PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0211, which indicates the firm had a -0.0211% return per unit of risk over the last 3 months. Seagate Technology PLC exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seagate Technology's Semi Deviation of 1.7, risk adjusted performance of 0.0234, and Coefficient Of Variation of 3718.31 to confirm the risk estimate we provide. The entity has a beta of 1.33, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Seagate Technology will likely underperform. Seagate Technology PLC has an expected return of -0.0417%. Please make sure to validate Seagate Technology maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Seagate Technology PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
Seagate Technology PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Seagate Technology time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Seagate Technology PLC price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Seagate Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 148.72 |
Seagate Technology PLC lagged returns against current returns
Autocorrelation, which is Seagate Technology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Seagate Technology's stock expected returns. We can calculate the autocorrelation of Seagate Technology returns to help us make a trade decision. For example, suppose you find that Seagate Technology has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Seagate Technology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Seagate Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seagate Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seagate Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Seagate Technology Lagged Returns
When evaluating Seagate Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seagate Technology stock have on its future price. Seagate Technology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Seagate Technology autocorrelation shows the relationship between Seagate Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Seagate Technology PLC.
Regressed Prices |
| Timeline |
Seagate Technology Investors Sentiment
The influence of Seagate Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Seagate. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Seagate Technology's public news can be used to forecast risks associated with an investment in Seagate. The trend in average sentiment can be used to explain how an investor holding Seagate can time the market purely based on public headlines and social activities around Seagate Technology PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Seagate Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Seagate Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Seagate Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Seagate Technology.
Seagate Technology Implied Volatility | 106.19 |
Seagate Technology's implied volatility exposes the market's sentiment of Seagate Technology PLC stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Seagate Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Seagate Technology stock will not fluctuate a lot when Seagate Technology's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Seagate Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Seagate Technology's short interest history, or implied volatility extrapolated from Seagate Technology options trading.
Currently Active Assets on Macroaxis
When determining whether Seagate Technology PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Seagate Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Seagate Technology Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Seagate Technology Plc Stock:Check out Seagate Technology Correlation, Seagate Technology Volatility and Seagate Technology Alpha and Beta module to complement your research on Seagate Technology. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Seagate Stock analysis
When running Seagate Technology's price analysis, check to measure Seagate Technology'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 Seagate Technology is operating at the current time. Most of Seagate Technology's value examination focuses on studying past and present price action to predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.
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Seagate Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.