Pure Storage Stock Performance

PSTG Stock  USD 51.80  1.29  2.55%   
On a scale of 0 to 100, Pure Storage holds a performance score of 8. The company holds a Beta of 1.71, which implies 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, Pure Storage will likely underperform. Please check Pure Storage's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Pure Storage's historical price patterns will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Pure Storage are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly conflicting basic indicators, Pure Storage reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
2.46
Five Day Return
(0.91)
Year To Date Return
48.64
Ten Year Return
204.44
All Time Return
204.44
1
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2
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3
With Pure Storage, the City of Bloomington Reduces Data Center Footprint by 85, While Driving Financial Flexibility and IT Performance
04/02/2024
4
Disposition of 37588 shares by Ajay Singh of Pure Storage at 53.54 subject to Rule 16b-3
04/05/2024
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Why the Market Dipped But Pure Storage Gained Today
04/10/2024
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1 Overlooked Stock in the AI Race to Buy and Forget in 2024
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Disposition of 73500 shares by Scott Dietzen of Pure Storage at 53.49 subject to Rule 16b-3
04/12/2024
8
Pure Storage Stock Has 22 percent Upside, According to 1 Wall Street Analyst
04/15/2024
9
Pure Storage director Dietzen sells over 7.8 million in company stock
04/16/2024
10
Pure Storage director sells over 1m in company stock
04/17/2024
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Dont Ignore The Insider Selling In Pure Storage
04/18/2024
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Pure Storage, Inc. is Attracting Investor Attention Here is What You Should Know
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Heres Why Pure Storage is a Strong Growth Stock
04/22/2024
Begin Period Cash Flow580.9 M
  

Pure Storage Relative Risk vs. Return Landscape

If you would invest  4,128  in Pure Storage on January 25, 2024 and sell it today you would earn a total of  1,052  from holding Pure Storage or generate 25.48% return on investment over 90 days. Pure Storage is currently generating 0.4379% in daily expected returns and assumes 3.9812% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of stocks are less volatile than Pure, and 92% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Pure Storage is expected to generate 6.25 times more return on investment than the market. However, the company is 6.25 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.14 per unit of risk.

Pure Storage Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Storage's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Pure Storage, and traders can use it to determine the average amount a Pure Storage's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.11

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Estimated Market Risk

 3.98
  actual daily
35
65% of assets are more volatile

Expected Return

 0.44
  actual daily
8
92% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Pure Storage is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Pure Storage by adding it to a well-diversified portfolio.

Pure Storage Fundamentals Growth

Pure Stock prices reflect investors' perceptions of the future prospects and financial health of Pure Storage, and Pure Storage fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Pure Stock performance.

About Pure Storage Performance

To evaluate Pure Storage Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Pure Storage generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Pure Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Pure Storage market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Pure's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 19.24  31.87 
Return On Tangible Assets 0.02 (0.12)
Return On Capital Employed 0.04 (0.11)
Return On Assets 0.02 (0.10)
Return On Equity 0.05 (0.38)

Things to note about Pure Storage performance evaluation

Checking the ongoing alerts about Pure Storage for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Pure Storage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Pure Storage had very high historical volatility over the last 90 days
Over 83.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: Heres Why Pure Storage is a Strong Growth Stock
Evaluating Pure Storage's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Pure Storage's stock performance include:
  • Analyzing Pure Storage's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Pure Storage's stock is overvalued or undervalued compared to its peers.
  • Examining Pure Storage's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Pure Storage's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Pure Storage's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Pure Storage's stock. These opinions can provide insight into Pure Storage's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Pure Storage's stock performance is not an exact science, and many factors can impact Pure Storage's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Pure Storage is a strong investment it is important to analyze Pure Storage's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pure Storage's future performance. For an informed investment choice regarding Pure Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more detail on how to invest in Pure Stock please use our How to Invest in Pure Storage guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Pure Stock analysis

When running Pure Storage's price analysis, check to measure Pure Storage'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 Pure Storage is operating at the current time. Most of Pure Storage's value examination focuses on studying past and present price action to predict the probability of Pure Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Storage's price. Additionally, you may evaluate how the addition of Pure Storage to your portfolios can decrease your overall portfolio volatility.
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Is Pure Storage'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 Pure Storage. If investors know Pure 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 Pure Storage 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
(0.14)
Earnings Share
0.19
Revenue Per Share
9.077
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0151
The market value of Pure Storage is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Storage's value that differs from its market value or its book value, called intrinsic value, which is Pure Storage'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 Pure Storage's market value can be influenced by many factors that don't directly affect Pure Storage'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 Pure Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pure Storage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pure Storage'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.