Pure Storage,'s market value is the price at which a share of Pure Storage, trades on a public exchange. It measures the collective expectations of Pure Storage, investors about its performance. Pure Storage, is trading at 98.80 as of the 4th of January 2025, a 2.76% down since the beginning of the trading day. The stock's open price was 101.6. With this module, you can estimate the performance of a buy and hold strategy of Pure Storage, and determine expected loss or profit from investing in Pure Storage, over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Pure
Pure Storage, '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 Pure Storage,'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 Pure Storage,.
0.00
12/05/2024
No Change 0.00
0.0
In 31 days
01/04/2025
0.00
If you would invest 0.00 in Pure Storage, on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Storage, or generate 0.0% return on investment in Pure Storage, over 30 days.
Pure Storage, 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 Pure Storage,'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 Pure Storage, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Storage,'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Storage,'s standard deviation. In reality, there are many statistical measures that can use Pure Storage, historical prices to predict the future Pure Storage,'s volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Pure Storage,. Your research has to be compared to or analyzed against Pure Storage,'s peers to derive any actionable benefits. When done correctly, Pure Storage,'s competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Pure Storage,.
Pure Storage, Backtested Returns
Pure Storage, appears to be very steady, given 3 months investment horizon. Pure Storage, maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Pure Storage,'s technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please evaluate Pure Storage,'s Variance of 17.39, coefficient of variation of 662.94, and Risk Adjusted Performance of 0.1304 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pure Storage, holds a performance score of 12. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pure Storage,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Pure Storage, is expected to be smaller as well. Please check Pure Storage,'s potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Pure Storage,'s historical price patterns will revert.
Auto-correlation
0.00
No correlation between past and present
Pure Storage, has no correlation between past and present. Overlapping area represents the amount of predictability between Pure Storage, time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pure Storage, price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pure Storage, price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
0.46
Residual Average
0.0
Price Variance
4.45
Pure Storage, lagged returns against current returns
Autocorrelation, which is Pure Storage, 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 Pure Storage,'s stock expected returns. We can calculate the autocorrelation of Pure Storage, returns to help us make a trade decision. For example, suppose you find that Pure Storage, 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
Pure Storage, 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 Pure Storage, stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Storage, stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Storage, stock over time.
Current vs Lagged Prices
Timeline
Pure Storage, Lagged Returns
When evaluating Pure Storage,'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Storage, stock have on its future price. Pure Storage, 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, Pure Storage, autocorrelation shows the relationship between Pure Storage, stock current value and its past values and can show if there is a momentum factor associated with investing in Pure Storage,.
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.