Western Digital Stock Price on September 6, 2024

WDC Stock  USD 60.70  1.01  1.64%   
If you're considering investing in Western Stock, it is important to understand the factors that can impact its price. As of today, the current price of Western Digital stands at 60.70, as last reported on the 30th of December, with the highest price reaching 61.61 and the lowest price hitting 60.40 during the day. Western Digital shows Sharpe Ratio of -0.0558, which attests that the company had a -0.0558% return per unit of risk over the last 3 months. Western Digital exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Digital's Standard Deviation of 2.25, market risk adjusted performance of (0.11), and Mean Deviation of 1.66 to validate the risk estimate we provide.
  
Western Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0558

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Estimated Market Risk

 2.25
  actual daily
20
80% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Western Digital is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Digital by adding Western Digital to a well-diversified portfolio.

Western Digital Valuation on September 6, 2024

It is possible to determine the worth of Western Digital on a given historical date. On September 6, 2024 Western was worth 62.39 at the beginning of the trading date compared to the closed value of 60.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Digital stock. Still, in general, we apply an absolute valuation method to find Western Digital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Western Digital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Digital's related companies.
 Open High Low Close Volume
  62.39    63.60    62.39    62.61    2,223,958  
09/06/2024
  62.39    62.52    60.00    60.77    3,937,951  
  61.92    62.78    61.41    62.61    4,043,244  
Backtest Western Digital  |  Western Digital History  |  Western Digital Valuation   PreviousNext  
Open Value
62.39
60.77
Closing Value
69.15
Upside

Western Digital Trading Date Momentum on September 6, 2024

On September 09 2024 Western Digital was traded for  62.61  at the closing time. Highest Western Digital's price during the trading hours was 62.78  and the lowest price during the day was  61.41 . The net volume was 4 M. The overall trading history on the 9th of September contributed to the next trading period price growth. The trading price change to the next next day price was 3.03% . The trading price change to current price is 5.45% .

Western Digital Fundamentals Correlations and Trends

By evaluating Western Digital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Western Digital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Western Digital Stock history

Western Digital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Digital will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Western Digital stock prices may prove useful in developing a viable investing in Western Digital
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. Western Digital operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 65000 people.

Western Digital Stock Technical Analysis

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.
A focus of Western Digital technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Western Digital trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Western Digital Period Price Range

Low
December 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Western Digital cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Western Digital December 30, 2024 Market Strength

Market strength 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 undertsting and applying Western Digital stock market strength indicators, traders can identify Western Digital entry and exit signals to maximize returns

Western Digital Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Western Digital's price direction in advance. Along with the technical and fundamental analysis of Western Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Western Stock analysis

When running Western Digital's price analysis, check to measure Western Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
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