Western Digital (Brazil) Market Value
| W1DC34 Stock | BRL 365.00 0.00 0.00% |
| Symbol | Western |
Western Digital '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 Western Digital'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 Western Digital.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Western Digital on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Western Digital or generate 0.0% return on investment in Western Digital over 720 days. Western Digital is related to or competes with Dell Technologies, Positivo Tecnologia, Fras Le, BTG Pactual, Telefonaktiebolaget, Cable One, and Randon SA. Western Digital Corporation develops, manufactures, and sells data storage devices and solutions More
Western Digital 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 Western Digital'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 Western Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.38 |
Western Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Digital's standard deviation. In reality, there are many statistical measures that can use Western Digital historical prices to predict the future Western Digital's volatility.| Risk Adjusted Performance | 0.05 | |||
| Jensen Alpha | 0.0453 | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.4567 |
Western Digital Backtested Returns
At this point, Western Digital is very steady. Western Digital shows Sharpe Ratio of 0.0987, which attests that the company had a 0.0987% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Western Digital, which you can use to evaluate the volatility of the company. Please check out Western Digital's Standard Deviation of 1.1, mean deviation of 0.3301, and Market Risk Adjusted Performance of 0.4667 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Western Digital has a performance score of 7 on a scale of 0 to 100. The firm maintains a market beta of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Digital is expected to be smaller as well. Western Digital right now maintains a risk of 1.09%. Please check out Western Digital standard deviation, information ratio, and the relationship between the coefficient of variation and variance , to decide if Western Digital will be following its historical returns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Western Digital has insignificant reverse predictability. Overlapping area represents the amount of predictability between Western Digital time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Western Digital price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Western Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 4647.79 |
Western Digital lagged returns against current returns
Autocorrelation, which is Western Digital 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 Western Digital's stock expected returns. We can calculate the autocorrelation of Western Digital returns to help us make a trade decision. For example, suppose you find that Western Digital 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 |
Western Digital 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 Western Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Western Digital Lagged Returns
When evaluating Western Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Digital stock have on its future price. Western Digital 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, Western Digital autocorrelation shows the relationship between Western Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Western Digital.
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.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 Correlation, Western Digital Volatility and Western Digital Alpha and Beta module to complement your research on Western Digital. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.