Seagate Technology Plc Stock Probability of Future Stock Price Finishing Under 97.03
| STX Stock | USD 99.62 0.30 0.30% |
Seagate |
Seagate Technology Target Price Odds to finish below 97.03
The tendency of Seagate 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 $ 97.03 or more in 90 days |
| 99.62 | 90 days | 97.03 | about 8.13 |
Based on a normal probability distribution, the odds of Seagate Technology to drop to $ 97.03 or more in 90 days from now is about 8.13 (This Seagate Technology PLC probability density function shows the probability of Seagate Stock to fall within a particular range of prices over 90 days) . Probability of Seagate Technology PLC price to stay between $ 97.03 and its current price of $99.62 at the end of the 90-day period is about 11.71 .
Considering the 90-day investment horizon Seagate Technology has a beta of 0.96. This usually implies Seagate Technology PLC market returns are sensitive to returns on the market. As the market goes up or down, Seagate Technology is expected to follow. Additionally Seagate Technology PLC 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. Seagate Technology Price Density |
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Predictive Modules for Seagate Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Seagate Technology PLC. 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 Seagate Technology'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.
Seagate Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Seagate Technology is not an exception. The market had few large corrections towards the Seagate Technology'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 Seagate Technology PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Seagate Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 4.74 | |
Ir | Information ratio | -0.08 |
Seagate Technology 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 Seagate Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Seagate Technology PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Seagate Technology generated a negative expected return over the last 90 days | |
| Over 91.0% of the company shares are owned by institutional investors | |
| On 7th of October 2024 Seagate Technology paid $ 0.7 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Those who invested in Seagate Technology Holdings five years ago are up 99 |
Seagate Technology 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 Seagate Stock often depends not only on the future outlook of the current and potential Seagate Technology'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. Seagate Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 212 M | |
| Cash And Short Term Investments | 1.4 B |
Seagate Technology Technical Analysis
Seagate Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Seagate Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Seagate Technology PLC. In general, you should focus on analyzing Seagate Stock price patterns and their correlations with different microeconomic environments and drivers.
Seagate Technology Predictive Forecast Models
Seagate Technology's time-series forecasting models is one of many Seagate Technology'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 Seagate Technology'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 Seagate Technology PLC
Checking the ongoing alerts about Seagate Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Seagate Technology PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Seagate Technology generated a negative expected return over the last 90 days | |
| Over 91.0% of the company shares are owned by institutional investors | |
| On 7th of October 2024 Seagate Technology paid $ 0.7 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Those who invested in Seagate Technology Holdings five years ago are up 99 |
Additional Tools for Seagate Stock Analysis
When running Seagate Technology's price analysis, check to measure Seagate Technology'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 Seagate Technology is operating at the current time. Most of Seagate Technology's value examination focuses on studying past and present price action to predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.