SEAGATE HDD CAYMAN Market Value
| 81180WAR2 | 91.50 8.00 8.04% |
| Symbol | SEAGATE |
SEAGATE '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 SEAGATE's bond 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 SEAGATE.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SEAGATE on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SEAGATE HDD CAYMAN or generate 0.0% return on investment in SEAGATE over 30 days. SEAGATE is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, BigBearai Holdings, InMode, Sprott Focus, and IONQ. More
SEAGATE 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 SEAGATE's bond 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 SEAGATE HDD CAYMAN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.0 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 2.12 |
SEAGATE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SEAGATE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SEAGATE's standard deviation. In reality, there are many statistical measures that can use SEAGATE historical prices to predict the future SEAGATE's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.78) |
SEAGATE HDD CAYMAN Backtested Returns
SEAGATE HDD CAYMAN retains Efficiency (Sharpe Ratio) of -0.0898, which indicates the bond had a -0.0898% return per unit of risk over the last 3 months. SEAGATE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SEAGATE's standard deviation of 1.83, and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SEAGATE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SEAGATE is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
SEAGATE HDD CAYMAN has insignificant predictability. Overlapping area represents the amount of predictability between SEAGATE time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 SEAGATE HDD CAYMAN price movement. The serial correlation of 0.1 indicates that less than 10.0% of current SEAGATE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 5.46 |
SEAGATE HDD CAYMAN lagged returns against current returns
Autocorrelation, which is SEAGATE bond'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 SEAGATE's bond expected returns. We can calculate the autocorrelation of SEAGATE returns to help us make a trade decision. For example, suppose you find that SEAGATE has exhibited high autocorrelation historically, and you observe that the bond 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 |
SEAGATE 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 SEAGATE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SEAGATE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SEAGATE bond over time.
Current vs Lagged Prices |
| Timeline |
SEAGATE Lagged Returns
When evaluating SEAGATE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SEAGATE bond have on its future price. SEAGATE 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, SEAGATE autocorrelation shows the relationship between SEAGATE bond current value and its past values and can show if there is a momentum factor associated with investing in SEAGATE HDD CAYMAN.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SEAGATE Bond
SEAGATE financial ratios help investors to determine whether SEAGATE Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SEAGATE with respect to the benefits of owning SEAGATE security.