Seagate Story

<div class='circular--portrait' style='background:#4E8BFC;color: #ffffff;font-size:4em;'>ST</div>
STX -- USA Stock  

USD 71.61  4.33  5.70%

It appears Seagate Technology will continue to recover much faster as its share price surged up 2.47% today. The company current daily volatility is 1.66 percent, with a beta of 1.03 and an alpha of 0.16 over DOW. As many millenniums are excited about saving accounts, it is only fair to break down Seagate Technology PLC. What exactly are Seagate Technology shareholders getting in February?
Published over a month ago
View all stories for Seagate Tech | View All Stories
Will Seagate Technology (NASDAQ:STX) volatility rise before February
This firm runs under Technology sector within Computer Hardware industry. On a scale of 0 to 100, Seagate Technology holds a performance score of 13. The entity has a beta of 1.0298, which indicates a somewhat significant risk relative to the market. Let's try to break down what Seagate's beta means in this case. Seagate Technology returns are very sensitive to returns on the market. As the market goes up or down, Seagate Technology is expected to follow. Although it is vital to follow Seagate Technology PLC current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting Seagate Technology PLC technical indicators, you can presently evaluate if the expected return of 0.33% will be sustainable into the future. Please operates Seagate Technology coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance to make a quick decision on whether Seagate Technology PLC existing price patterns will revert.
Investing in Seagate Tech, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Seagate Tech along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Seagate Tech's stock 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. Please use the tools below to analyze the current value of Seagate Tech in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Seagate Tech. Your research has to be compared to or analyzed against Seagate Tech's peers to derive any actionable benefits. When done correctly, Seagate Tech's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Seagate Tech Ord.

How important is Seagate Tech's Liquidity

Seagate Tech financial leverage refers to using borrowed capital as a funding source to finance Seagate Tech Ord ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Seagate Tech financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Seagate Tech's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Seagate Tech, but it might be worth checking our own buy vs. sell analysis

Seagate Tech Correlation with Peers

Investors in Seagate can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Seagate Tech Ord. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Seagate Tech and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Seagate is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage.
Please check volatility of Seagate for more details

Sale by Jay Geldmacher of 7500 shares of Seagate Tech

Legal trades by Seagate Tech insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Seagate insider trading alert for sale of ordinary shares by Jay Geldmacher, the corporate stakeholder, on 1st of March 2021. This event was filed by Seagate Technology Plc with SEC on 2021-03-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Detailed Perspective On Seagate Tech

Seagate Technology appears to be very steady, given 1 month investment horizon. Seagate Technology PLC owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2, which indicates the firm had 0.2% of return per unit of risk over the last month. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Seagate Technology PLC, which you can use to evaluate future volatility of the company. Please operate Seagate Technology Coefficient Of Variation of 563.41, semi deviation of 1.24, and Risk Adjusted Performance of 0.1816 to confirm if our risk estimates are consistent with your expectations.
SOL
SPI
STX
WDC
SPWR
SOL
0.120.450.650.91
SOL
SPI
0.120.050.030.14
SPI
STX
0.450.050.920.68
STX
WDC
0.650.030.920.77
WDC
SPWR
0.910.140.680.77
SPWR
SOL
SPI
STX
WDC
SPWR
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Our take on today Seagate Technology rise

Current potential upside is at 2.86. Seagate Technology PLC has relatively low volatility with skewness of 0.0 and kurtosis of 0.21. However, we advise all investors to independently investigate Seagate Technology PLC to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

The Current Takeaway on Seagate Technology Investment

While some firms under the computer hardware industry are still a bit expensive, Seagate Technology may offer a potential longer-term growth to investors. The inconsistency in the assessment between current Seagate valuation and our trade advice on Seagate Technology is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Seagate Technology.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Seagate Tech Ord. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com