Pure Storage Stock Alpha and Beta Analysis
| PSTG Stock | USD 51.66 0.10 0.19% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Pure Storage. It also helps investors analyze the systematic and unsystematic risks associated with investing in Pure Storage over a specified time horizon. Remember, high Pure Storage'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 Pure Storage's market risk premium analysis include:
Beta 1.65 | Alpha (0.41) | Risk 3.18 | Sharpe Ratio (0.07) | 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.
Pure |
Pure Storage Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Pure Storage market risk premium is the additional return an investor will receive from holding Pure Storage 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 Pure Storage. 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 Pure Storage's performance over market.| α | -0.41 | β | 1.65 |
Pure Storage 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 Pure Storage's Buy-and-hold return. Our buy-and-hold chart shows how Pure Storage performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Pure Storage Market Price Analysis
Market price analysis indicators help investors to evaluate how Pure Storage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pure Storage shares will generate the highest return on investment. By understating and applying Pure Storage stock market price indicators, traders can identify Pure Storage position entry and exit signals to maximize returns.
Pure Storage Return and Market Media
The median price of Pure Storage for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 50.95 with a coefficient of variation of 6.91. The daily time series for the period is distributed with a sample standard deviation of 3.58, arithmetic mean of 51.77, and mean deviation of 2.73. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 100000 shares by John Colgrove of Pure Storage at 47.41 subject to Rule 16b-3 | 09/04/2024 |
2 | Disposition of 4899 shares by John Colgrove of Pure Storage at 50.64 subject to Rule 16b-3 | 09/19/2024 |
3 | Pure Storage executive sells over 5 million in company stock | 10/08/2024 |
4 | Pure Storage Rises Higher Than Market Key Facts | 10/16/2024 |
5 | Disposition of 36437 shares by Dan FitzSimons of Pure Storage at 53.8 subject to Rule 16b-3 | 10/25/2024 |
6 | AI startup CoreWeave closes 650 million secondary share sale, with Cisco joining as investor | 11/13/2024 |
7 | Pure Storage, Inc. Boosts AI Cloud Innovation, Announces Strategic Partnership with CoreWeave | 11/14/2024 |
8 | These 2 Computer and Technology Stocks Could Beat Earnings Why They Should Be on Your Radar | 11/15/2024 |
9 | Pure Storage Expands AI Portfolio with GenAI Pod to Break Bearish Streak | 11/18/2024 |
10 | Disposition of 53864 shares by John Colgrove of Pure Storage at 49.94 subject to Rule 16b-3 | 11/19/2024 |
11 | Pure Storage, Inc. Launches GenAI Pod to Streamline Generative AI Deployment and Accelerate Innovation | 11/20/2024 |
12 | NetApp Beats Q2 Earnings and Revenue Estimates | 11/21/2024 |
About Pure Storage 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 Pure or other stocks. Alpha measures the amount that position in Pure Storage 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.
| 2010 | 2020 | 2024 (projected) | Days Sales Outstanding | 101.86 | 85.39 | 99.88 | PTB Ratio | 5.41 | 10.28 | 8.44 |
Pure Storage Upcoming Company Events
As portrayed in its financial statements, the presentation of Pure Storage's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Pure Storage's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Pure Storage's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Pure Storage. Please utilize our Beneish M Score to check the likelihood of Pure Storage's management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 29th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
Build Portfolio with Pure Storage
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Pure Storage Backtesting, Pure Storage Valuation, Pure Storage Correlation, Pure Storage Hype Analysis, Pure Storage Volatility, Pure Storage History and analyze Pure Storage Performance. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.