Western Competitors
| WDC Stock | USD 274.05 11.49 4.38% |
Western Digital vs Garmin Correlation
Very weak diversification
The correlation between Western Digital and GRMN is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Digital and GRMN in the same portfolio, assuming nothing else is changed.
Moving together with Western Stock
| 0.78 | AA | Alcoa Corp | PairCorr |
| 0.85 | INTC | Intel | PairCorr |
| 0.77 | MRK | Merck Company | PairCorr |
| 0.93 | CAT | Caterpillar | PairCorr |
Moving against Western Stock
The current year's Return On Tangible Assets is expected to grow to -0.11. The current year's Return On Capital Employed is expected to grow to -0.03. At present, Western Digital's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 2.5 B, whereas Total Assets are forecasted to decline to about 10 B.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Digital'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.
Western Digital Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Western Digital 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 Western 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 Western Digital 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 Western Stock performing well and Western Digital 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 Western Digital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STX | 3.49 | 0.46 | 0.14 | 0.28 | 3.87 | 6.69 | 27.85 | |||
| NXPI | 1.79 | 0.08 | 0.07 | 0.13 | 1.75 | 4.62 | 14.37 | |||
| MPWR | 1.94 | 0.08 | 0.05 | 0.13 | 2.48 | 4.37 | 11.04 | |||
| SMCI | 2.86 | (0.47) | 0.00 | (0.12) | 0.00 | 5.92 | 22.40 | |||
| EA | 0.22 | 0.00 | (0.15) | 0.08 | 0.45 | 0.52 | 2.78 | |||
| MSI | 0.76 | 0.06 | 0.01 | 0.26 | 0.76 | 1.56 | 5.31 | |||
| XYZ | 2.15 | (0.50) | 0.00 | (0.19) | 0.00 | 2.96 | 14.62 | |||
| DDOG | 2.65 | (0.25) | 0.00 | (0.24) | 0.00 | 5.52 | 32.62 | |||
| INFY | 1.75 | 0.00 | (0.03) | 0.10 | 2.08 | 4.32 | 16.01 | |||
| GRMN | 1.09 | (0.07) | (0.03) | 0.03 | 1.57 | 2.62 | 9.20 |
Cross Equities Net Income Analysis
Compare Western Digital and related stocks such as Seagate Technology PLC, NXP Semiconductors, and Monolithic Power Systems Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STX | 366 M | 2.9 B | 1.8 B | 1.6 B | 1.7 B | 248 M | 772 M | 1.2 B | 2 B | 1 B | 1.3 B | 1.6 B | (529 M) | 335 M | 1.5 B | 1.7 B | 905 M |
| NXPI | (3.6 B) | 390 M | (115 M) | 348 M | 539 M | 1.5 B | 200 M | 2.2 B | 2.2 B | 243 M | 52 M | 1.9 B | 2.8 B | 2.8 B | 2.5 B | 2 B | 2.1 B |
| MPWR | (1.3 M) | 13.3 M | 15.8 M | 22.9 M | 35.5 M | 35.2 M | 52.7 M | 65.2 M | 105.3 M | 108.8 M | 164.4 M | 242 M | 437.7 M | 427.4 M | 1.8 B | 615.9 M | 646.7 M |
| 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 |
| EA | 6 M | 76 M | 98 M | 8 M | 875 M | 1.2 B | 967 M | 1 B | 1 B | 3 B | 837 M | 789 M | 802 M | 1.3 B | 1.1 B | 1.3 B | 1.4 B |
| MSI | 72 M | 1.2 B | 881 M | 1.1 B | 1.3 B | 610 M | 560 M | (155 M) | 966 M | 868 M | 949 M | 1.2 B | 1.4 B | 1.7 B | 1.6 B | 1.8 B | 1.9 B |
| XYZ | (85.2 M) | (85.2 M) | (85.2 M) | (104.5 M) | (154.1 M) | (179.8 M) | (171.6 M) | (62.8 M) | (38.5 M) | 375.4 M | 213.1 M | 166.3 M | (540.7 M) | 9.8 M | 2.9 B | 3.3 B | 3.5 B |
| DDOG | (2.6 M) | (2.6 M) | (2.6 M) | (2.6 M) | (2.6 M) | (2.6 M) | (2.6 M) | (2.6 M) | (10.8 M) | (16.7 M) | (24.5 M) | (20.7 M) | (50.2 M) | 48.6 M | 183.7 M | 211.3 M | 221.9 M |
| INFY | 17.4 M | 1.7 B | 1.7 B | 1.8 B | 2 B | 2.1 B | 2.1 B | 2.5 B | 2.2 B | 2.3 B | 2.6 B | 3 B | 3 B | 3.2 B | 3.2 B | 3.6 B | 3.8 B |
| GRMN | 64.2 M | 520.9 M | 542.4 M | 612.4 M | 364.2 M | 456.2 M | 510.8 M | 695 M | 694.1 M | 952.5 M | 992.3 M | 1.1 B | 973.6 M | 1.3 B | 1.4 B | 1.6 B | 1.7 B |
Western Digital and related stocks such as Seagate Technology PLC, NXP Semiconductors, and Monolithic Power Systems Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Western Digital financial statement analysis. It represents the amount of money remaining after all of Western Digital operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Western Digital Competitive Analysis
The better you understand Western Digital competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Western Digital'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 Western Digital'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 |
Western Digital Competition Performance Charts
Five steps to successful analysis of Western Digital Competition
Western Digital'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 Western Digital in relation to its competition. Western Digital's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Western Digital 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 Western Digital's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Western Digital, 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.
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Check out Western Digital Correlation with its peers. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Will Technology Hardware, Storage & Peripherals sector continue expanding? Could Western diversify its offerings? Factors like these will boost the valuation of Western Digital. Anticipated expansion of Western directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Western Digital data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.96) | Dividend Share 0.325 | Earnings Share 10.58 | Revenue Per Share | Quarterly Revenue Growth (0.41) |
Understanding Western Digital requires distinguishing between market price and book value, where the latter reflects Western's accounting equity. The concept of intrinsic value - what Western Digital's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Western Digital's price substantially above or below its fundamental value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Western Digital's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.