Pure Storage Stock Probability of Future Stock Price Finishing Under 31.01
| PSTG Stock | USD 51.56 1.78 3.58% |
Pure |
Pure Storage Target Price Odds to finish below 31.01
The tendency of Pure Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 31.01 or more in 90 days |
| 51.56 | 90 days | 31.01 | near 1 |
Based on a normal probability distribution, the odds of Pure Storage to drop to $ 31.01 or more in 90 days from now is near 1 (This Pure Storage probability density function shows the probability of Pure Stock to fall within a particular range of prices over 90 days) . Probability of Pure Storage price to stay between $ 31.01 and its current price of $51.56 at the end of the 90-day period is about 46.11 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.69 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Pure Storage will likely underperform. Additionally Pure Storage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Pure Storage Price Density |
| Price |
Predictive Modules for Pure Storage
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pure Storage. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pure Storage is not an exception. The market had few large corrections towards the Pure Storage's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Pure Storage, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pure Storage within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.41 | |
β | Beta against Dow Jones | 1.69 | |
σ | Overall volatility | 3.81 | |
Ir | Information ratio | -0.11 |
Pure Storage Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Pure Storage for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pure Storage can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pure Storage generated a negative expected return over the last 90 days | |
| Pure Storage has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: NetApp Beats Q2 Earnings and Revenue Estimates |
Pure Storage Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Pure Stock often depends not only on the future outlook of the current and potential Pure Storage's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Pure Storage's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 332.6 M | |
| Cash And Short Term Investments | 1.5 B |
Pure Storage Technical Analysis
Pure Storage's future price can be derived by breaking down and analyzing its technical indicators over time. Pure Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pure Storage. In general, you should focus on analyzing Pure Stock price patterns and their correlations with different microeconomic environments and drivers.
Pure Storage Predictive Forecast Models
Pure Storage's time-series forecasting models is one of many Pure Storage's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Pure Storage's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Pure Storage
Checking the ongoing alerts about Pure Storage for important developments is a great way to find new opportunities for your next move. Our 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 generated a negative expected return over the last 90 days | |
| Pure Storage has high historical volatility and very poor performance | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: NetApp Beats Q2 Earnings and Revenue Estimates |
Check out Pure Storage Backtesting, Pure Storage Valuation, Pure Storage Correlation, Pure Storage Hype Analysis, Pure Storage Volatility, Pure Storage History as well as Pure Storage Performance. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Technology Hardware, Storage & Peripherals space 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 0.43 | Revenue Per Share 9.4 | Quarterly Revenue Growth 0.109 | Return On Assets 0.0267 |
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.