Pure Competitors
| PSTG Stock | USD 74.29 0.17 0.23% |
Pure Storage vs Sandisk Corp Correlation
Significant diversification
The correlation between Pure Storage and SNDK is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pure Storage and SNDK in the same portfolio, assuming nothing else is changed.
Moving together with Pure Stock
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.84 | SMCI | Super Micro Computer Earnings Call This Week | PairCorr |
| 0.69 | TBCH | Turtle Beach | PairCorr |
Moving against Pure Stock
| 0.83 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.53 | PTAIY | Astra International Tbk Downward Rally | PairCorr |
| 0.5 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.46 | KEP | Korea Electric Power | PairCorr |
| 0.37 | EC | Ecopetrol SA ADR | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pure Storage'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.
Pure Storage Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Pure Storage and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Pure and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Pure Storage does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pure Stock performing well and Pure Storage Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pure Storage's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | 2.74 | (0.69) | 0.00 | (0.38) | 0.00 | 5.77 | 18.12 | |||
| ALAB | 4.07 | 0.29 | 0.04 | (0.97) | 5.45 | 7.93 | 24.41 | |||
| FIS | 1.12 | (0.33) | 0.00 | (0.27) | 0.00 | 1.92 | 7.89 | |||
| CRDO | 3.75 | (0.18) | 0.00 | (0.12) | 0.00 | 8.34 | 23.45 | |||
| HPE | 1.60 | (0.16) | 0.00 | (0.06) | 0.00 | 2.85 | 9.92 | |||
| KEYS | 1.36 | 0.33 | 0.20 | 0.30 | 1.32 | 2.87 | 13.11 | |||
| HPQ | 1.54 | (0.62) | 0.00 | (0.47) | 0.00 | 2.73 | 10.78 | |||
| NTAP | 1.43 | (0.34) | 0.00 | (0.16) | 0.00 | 2.31 | 13.30 | |||
| ERIC | 1.20 | 0.21 | 0.10 | 1.61 | 1.32 | 3.50 | 8.46 | |||
| SNDK | 5.47 | 1.64 | 0.27 | 0.46 | 5.66 | 13.33 | 35.64 |
Cross Equities Net Income Analysis
Compare Pure Storage and related stocks such as Super Micro Computer, Astera Labs, and Fidelity National Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMCI | 2.2 M | 29.6 M | 21.2 M | 54.1 M | 101.9 M | 72.1 M | 66.9 M | 46.2 M | 71.9 M | 84.3 M | 111.9 M | 285.2 M | 640 M | 1.2 B | 1 B | 1.2 B | 1.3 B |
| ALAB | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (58.3 M) | (26.3 M) | (83.4 M) | (75.1 M) | (78.8 M) |
| FIS | 61.1 M | 469.6 M | 461.2 M | 493.1 M | 679.1 M | 632 M | 568 M | 1.3 B | 846 M | 298 M | 158 M | 417 M | (16.7 B) | (6.7 B) | 1.4 B | 1.3 B | 1.4 B |
| CRDO | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | 1.3 M | (27.5 M) | (22.2 M) | (16.5 M) | (28.4 M) | 52.2 M | 60 M | 63 M |
| HPE | (14.8 B) | (14.8 B) | 2.1 B | 1.6 B | 2.5 B | 3.2 B | 344 M | 1.9 B | 1 B | (322 M) | 3.4 B | 868 M | 2 B | 2.6 B | 57 M | 65.5 M | 62.3 M |
| KEYS | 787 M | 841 M | 457 M | 392 M | 513 M | 335 M | 102 M | 165 M | 621 M | 627 M | 894 M | 1.1 B | 1.1 B | 614 M | 846 M | 972.9 M | 687.5 M |
| HPQ | 489 M | (12.7 B) | 5.1 B | 5 B | 4.6 B | 2.5 B | 2.5 B | 5.3 B | 3.2 B | 2.8 B | 6.5 B | 3.1 B | 3.3 B | 2.8 B | 2.5 B | 2.9 B | 3.1 B |
| NTAP | 6.6 M | 605.4 M | 505.3 M | 637.5 M | 559.9 M | 229 M | 509 M | 76 M | 1.2 B | 819 M | 730 M | 937 M | 1.3 B | 986 M | 1.2 B | 1.4 B | 1.4 B |
| ERIC | 565 M | 12.9 B | 5.6 B | 12 B | 11.9 B | 13.5 B | 1.8 B | (31.9 B) | (6.8 B) | 2.1 B | 15.6 B | 23.9 B | 18.9 B | (25.1 B) | 20.9 M | 26.7 B | 28.1 B |
Pure Storage and related stocks such as Super Micro Computer, Astera Labs, and Fidelity National Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Pure Storage financial statement analysis. It represents the amount of money remaining after all of Pure Storage operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Pure Storage Competitive Analysis
The better you understand Pure Storage competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Pure Storage's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Pure Storage's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Pure Storage Competition Performance Charts
Five steps to successful analysis of Pure Storage Competition
Pure Storage's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Pure Storage in relation to its competition. Pure Storage's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Pure Storage in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Pure Storage's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Pure Storage, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Pure Storage position
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Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 8 constituents at this time.
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Check out Pure Storage Correlation with its peers. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Can Technology Hardware, Storage & Peripherals industry sustain growth momentum? Does Pure have expansion opportunities? Factors like these will boost the valuation of Pure Storage. Anticipated expansion of Pure directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Pure Storage demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.16) | Earnings Share 0.38 | Revenue Per Share | Quarterly Revenue Growth 0.16 | Return On Assets |
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. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. 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.
It's important to distinguish between Pure Storage's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Pure Storage should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Pure Storage's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.