Pure Storage (Germany) Market Value
| 6PU Stock | EUR 50.37 2.57 5.38% |
| Symbol | Pure |
Pure Storage 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pure Storage's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pure Storage.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Pure Storage on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Pure Storage or generate 0.0% return on investment in Pure Storage over 720 days. Pure Storage is related to or competes with Tsingtao Brewery, SCANSOURCE (SC3SG), Vastned Retail, QURATE RETAIL, Caseys General, Suntory Beverage, and BOSTON BEER. Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complex... More
Pure Storage Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pure Storage's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pure Storage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 15.42 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.08 |
Pure Storage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Storage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Storage's standard deviation. In reality, there are many statistical measures that can use Pure Storage historical prices to predict the future Pure Storage's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.06) |
Pure Storage Backtested Returns
Pure Storage maintains Sharpe Ratio (i.e., Efficiency) of -0.014, which implies the firm had a -0.014% return per unit of risk over the last 3 months. Pure Storage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pure Storage's Variance of 10.06, coefficient of variation of (3,525), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 1.68, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Pure Storage will likely underperform. At this point, Pure Storage has a negative expected return of -0.0449%. Please make sure to check Pure Storage's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Pure Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Pure Storage has below average predictability. Overlapping area represents the amount of predictability between Pure Storage time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pure Storage price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Pure Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 70.74 |
Pure Storage lagged returns against current returns
Autocorrelation, which is Pure Storage stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pure Storage's stock expected returns. We can calculate the autocorrelation of Pure Storage returns to help us make a trade decision. For example, suppose you find that Pure Storage has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pure Storage regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pure Storage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Storage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Storage stock over time.
Current vs Lagged Prices |
| Timeline |
Pure Storage Lagged Returns
When evaluating Pure Storage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Storage stock have on its future price. Pure Storage autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pure Storage autocorrelation shows the relationship between Pure Storage stock current value and its past values and can show if there is a momentum factor associated with investing in Pure Storage.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Pure Stock
When determining whether Pure Storage is a strong investment it is important to analyze Pure Storage's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Pure Storage's future performance. For an informed investment choice regarding Pure Stock, refer to the following important reports:Check out Pure Storage Correlation, Pure Storage Volatility and Pure Storage Alpha and Beta module to complement your research on Pure Storage. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Pure Storage 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.