Pure Storage Stock Market Value
| PSTG Stock | USD 51.66 0.10 0.19% |
| Symbol | Pure |
Pure Storage Company Valuation
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.
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Pure Storage on October 26, 2024 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 30 days. Pure Storage is related to or competes with Seagate Technology, HP, Dell Technologies, Western Digital, Super Micro, IONQ, and Desktop Metal. Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally 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 | (0.10) | |||
| Maximum Drawdown | 16.8 | |||
| Value At Risk | (6.29) | |||
| Potential Upside | 2.97 |
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 | (0.04) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.13) |
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 Backtested Returns
Pure Storage maintains Sharpe Ratio (i.e., Efficiency) of -0.066, which implies the firm had a -0.066% return per unit of risk over the last 3 months. Pure Storage exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pure Storage's Coefficient Of Variation of (1,578), variance of 9.88, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The company holds a Beta of 1.65, 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 -0.21%. Please make sure to check Pure Storage's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Pure Storage performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.50 |
Modest predictability
Pure Storage has modest predictability. Overlapping area represents the amount of predictability between Pure Storage time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 0.5 indicates that about 50.0% of current Pure Storage price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
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
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.