WESTERN DIGITAL (Germany) Alpha and Beta Analysis
| WDC Stock | EUR 65.31 1.74 2.60% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as WESTERN DIGITAL. It also helps investors analyze the systematic and unsystematic risks associated with investing in WESTERN DIGITAL over a specified time horizon. Remember, high WESTERN DIGITAL's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to WESTERN DIGITAL's market risk premium analysis include:
Beta 0.22 | Alpha 0.2 | Risk 2.17 | Sharpe Ratio 0.0984 | Expected Return 0.21 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
WESTERN |
WESTERN DIGITAL Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. WESTERN DIGITAL market risk premium is the additional return an investor will receive from holding WESTERN DIGITAL long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in WESTERN DIGITAL. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate WESTERN DIGITAL's performance over market.| α | 0.20 | β | 0.22 |
WESTERN DIGITAL expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of WESTERN DIGITAL's Buy-and-hold return. Our buy-and-hold chart shows how WESTERN DIGITAL performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.WESTERN DIGITAL Market Price Analysis
Market price analysis indicators help investors to evaluate how WESTERN DIGITAL stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WESTERN DIGITAL shares will generate the highest return on investment. By understating and applying WESTERN DIGITAL stock market price indicators, traders can identify WESTERN DIGITAL position entry and exit signals to maximize returns.
WESTERN DIGITAL Return and Market Media
The median price of WESTERN DIGITAL for the period between Thu, Sep 12, 2024 and Wed, Dec 11, 2024 is 61.51 with a coefficient of variation of 5.22. The daily time series for the period is distributed with a sample standard deviation of 3.25, arithmetic mean of 62.34, and mean deviation of 2.63. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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About WESTERN DIGITAL Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including WESTERN or other stocks. Alpha measures the amount that position in WESTERN DIGITAL has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WESTERN DIGITAL in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WESTERN DIGITAL's short interest history, or implied volatility extrapolated from WESTERN DIGITAL options trading.
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Additional Information and Resources on Investing in WESTERN Stock
When determining whether WESTERN DIGITAL offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WESTERN DIGITAL's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:Check out WESTERN DIGITAL Backtesting, WESTERN DIGITAL Valuation, WESTERN DIGITAL Correlation, WESTERN DIGITAL Hype Analysis, WESTERN DIGITAL Volatility, WESTERN DIGITAL History and analyze WESTERN DIGITAL Performance. For information on how to trade WESTERN Stock refer to our How to Trade WESTERN Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
WESTERN DIGITAL technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.