Seagate Technology Correlations

STX Stock

USD 418.63 25.82 5.81%

The current 90-days correlation between Seagate Technology PLC and Western Digital is 0.86 (i.e., Very poor diversification). The correlation of Seagate Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Seagate Technology Correlation With Market

Poor diversification

The correlation between Seagate Technology PLC and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seagate Technology PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Seagate Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in poverty.

Moving together with Seagate Stock

0.67	AA	Alcoa Corp Downward Rally	Pair Corr
0.75	INTC	Intel	Pair Corr
0.62	MRK	Merck Company Aggressive Push	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.72	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.86	CVX	Chevron Corp	Pair Corr

Moving against Seagate Stock

0.75	HPQ	HP Inc Aggressive Push	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.6	MMM	3M Company	Pair Corr

Related Correlations Analysis

	WDC	NXPI	MSI	MPWR	SMCI	DDOG	FTNT	EA	ADSK	INFY
WDC		0.65	0.6	0.77	-0.45	-0.66	-0.34	0.34	-0.87	0.34	WDC
NXPI	0.65		0.24	0.44	-0.44	-0.75	-0.25	0.71	-0.43	0.62	NXPI
MSI	0.6	0.24		0.82	0.27	-0.25	0.01	-0.2	-0.6	-0.17	MSI
MPWR	0.77	0.44	0.82		0.09	-0.4	0.1	-0.02	-0.68	-0.03	MPWR
SMCI	-0.45	-0.44	0.27	0.09		0.57	0.65	-0.68	0.4	-0.68	SMCI
DDOG	-0.66	-0.75	-0.25	-0.4	0.57		0.47	-0.57	0.63	-0.63	DDOG
FTNT	-0.34	-0.25	0.01	0.1	0.65	0.47		-0.36	0.54	-0.43	FTNT
EA	0.34	0.71	-0.2	-0.02	-0.68	-0.57	-0.36		-0.13	0.78	EA
ADSK	-0.87	-0.43	-0.6	-0.68	0.4	0.63	0.54	-0.13		-0.19	ADSK
INFY	0.34	0.62	-0.17	-0.03	-0.68	-0.63	-0.43	0.78	-0.19		INFY
	WDC	NXPI	MSI	MPWR	SMCI	DDOG	FTNT	EA	ADSK	INFY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MPWR	+ 0.82	MSI
INFY	+ 0.78	EA
MPWR	+ 0.77	WDC
EA	+ 0.71	NXPI
NXPI	+ 0.65	WDC
FTNT	+ 0.65	SMCI

High negative correlations

ADSK	- 0.87	WDC
DDOG	- 0.75	NXPI
INFY	- 0.68	SMCI
EA	- 0.68	SMCI
ADSK	- 0.68	MPWR
DDOG	- 0.66	WDC

Risk-Adjusted Indicators

There is a big difference between Seagate Stock performing well and Seagate Technology 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 Seagate Technology'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
WDC	3.86	0.99	0.23	0.44	3.67	(4.17)	8.75	(7.18)	26.89
NXPI	1.78	0.07	0.06	0.10	1.79	(2.07)	4.62	(3.09)	14.37
MSI	0.88	(0.07)	0.00	(0.13)	0.00	0.00	1.56	(2.19)	5.85
MPWR	1.94	0.14	0.02	(0.45)	2.80	(1.72)	4.37	(4.59)	11.04
SMCI	2.85	(0.63)	0.00	(0.33)	0.00	0.00	5.77	(6.43)	14.71
DDOG	2.30	(0.41)	0.00	(1.20)	0.00	0.00	5.00	(7.28)	32.62
FTNT	1.40	(0.09)	0.00	(0.07)	0.00	0.00	2.47	(2.63)	8.99
EA	0.19	(0.03)	0.00	(0.89)	0.00	0.00	0.31	(0.28)	1.60
ADSK	1.29	(0.37)	0.00	(0.31)	0.00	0.00	1.68	(4.45)	10.57
INFY	1.73	(0.01)	(0.01)	0.04	1.96	(2.07)	4.32	(3.08)	16.01

Seagate Technology Corporate Management

James JD	Chief VP	Profile
Graldine HottierFayon	VP Controller	Profile
Patricia Frost	Senior Officer	Profile
Mike Troemel	Senior Engineering	Profile
Jeffrey Nygaard	Ex Devel	Profile
John Grieci	Senior Advocacy	Profile

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