Western Digital Stock Alpha and Beta Analysis
| WDC Stock | USD 69.43 3.00 4.52% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Western Digital. It also helps investors analyze the systematic and unsystematic risks associated with investing in Western Digital over a specified time horizon. Remember, high Western Digital'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 Western Digital's market risk premium analysis include:
Beta 1.36 | Alpha (0.1) | Risk 2.23 | Sharpe Ratio 0.0806 | Expected Return 0.18 |
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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.
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Western Digital Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Western Digital market risk premium is the additional return an investor will receive from holding Western Digital 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 Western Digital. 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 Western Digital's performance over market.| α | -0.1 | β | 1.36 |
Western Digital 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 Western Digital's Buy-and-hold return. Our buy-and-hold chart shows how Western Digital performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Western Digital Market Price Analysis
Market price analysis indicators help investors to evaluate how Western Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Digital shares will generate the highest return on investment. By understating and applying Western Digital stock market price indicators, traders can identify Western Digital position entry and exit signals to maximize returns.
Western Digital Return and Market Media
The median price of Western Digital for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 65.97 with a coefficient of variation of 3.41. The daily time series for the period is distributed with a sample standard deviation of 2.24, arithmetic mean of 65.69, and mean deviation of 1.83. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 6095 shares by Robert Soderbery of Western Digital at 66.75 subject to Rule 16b-3 | 09/20/2024 |
2 | FLEXs Q2 Earnings Top Estimates, Revenues Down YY, Stock Gains | 10/31/2024 |
3 | Kioxia Files for Long-Delayed IPO as Samsungs Lead Grows | 11/08/2024 |
4 | Micron Technology and Western Digital See Stock Decline Amid Lower Price Forecasts | 11/13/2024 |
5 | Disposition of 1172 shares by Suzuki Miyuki of Western Digital at 62.8 subject to Rule 16b-3 | 11/15/2024 |
6 | WDs 1TB Xbox Series XS expansion card is down to a record low 100 | 11/18/2024 |
7 | WDBLACKs 2TB 7,300 MBs SN850X SSD with heatsink hits 2024 low at 135, plus up to 320 off 4TB and 8TB models | 11/19/2024 |
8 | Western Digital Corp s Uncertain Future Understanding the Barriers to Outperformance | 11/20/2024 |
9 | WD My Passport Drive Celebrates 20 Years of Easy, Reliable Data Storage | 11/21/2024 |
10 | Western Digitals SVP Gene Zamiska sells 24,240 in stock | 11/22/2024 |
About Western Digital 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 Western or other stocks. Alpha measures the amount that position in Western Digital 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.
| 2016 | 2024 (projected) | Dividend Yield | 0.047 | 0.0224 | Price To Sales Ratio | 0.72 | 0.98 |
Western Digital Upcoming Company Events
As portrayed in its financial statements, the presentation of Western Digital's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Western Digital's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Western Digital's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Western Digital. Please utilize our Beneish M Score to check the likelihood of Western Digital's management manipulating its earnings.
| 13th of May 2024 Upcoming Quarterly Report | View | |
| 29th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 29th of July 2024 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Build Portfolio with Western Digital
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Align your risk with return expectations
Check out Western Digital Backtesting, Western Digital Valuation, Western Digital Correlation, Western Digital Hype Analysis, Western Digital Volatility, Western Digital History and analyze Western Digital Performance. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.