Seagate Technology (Brazil) Market Value
| S1TX34 Stock | BRL 596.09 51.05 9.37% |
| Symbol | Seagate |
Seagate Technology '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 Seagate Technology'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 Seagate Technology.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Seagate Technology on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Seagate Technology Holdings or generate 0.0% return on investment in Seagate Technology over 30 days. Seagate Technology is related to or competes with Arista Networks, Dell Technologies, Western Digital, and Positivo Tecnologia. Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Neth... More
Seagate Technology 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 Seagate Technology'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 Seagate Technology Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.92 | |||
| Information Ratio | 0.0348 | |||
| Maximum Drawdown | 24.13 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.48 |
Seagate Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Seagate Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Seagate Technology's standard deviation. In reality, there are many statistical measures that can use Seagate Technology historical prices to predict the future Seagate Technology's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | 0.1183 | |||
| Total Risk Alpha | 0.0515 | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | (6.98) |
Seagate Technology Backtested Returns
Seagate Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0361, which indicates the firm had a -0.0361 % return per unit of risk over the last 3 months. Seagate Technology Holdings exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seagate Technology's Semi Deviation of 1.79, coefficient of variation of 2205.66, and Risk Adjusted Performance of 0.0449 to confirm the risk estimate we provide. The entity has a beta of -0.0169, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Seagate Technology are expected to decrease at a much lower rate. During the bear market, Seagate Technology is likely to outperform the market. At this point, Seagate Technology has a negative expected return of -0.0876%. Please make sure to validate Seagate Technology's downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Seagate Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.94 |
Excellent predictability
Seagate Technology Holdings has excellent predictability. Overlapping area represents the amount of predictability between Seagate Technology time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Seagate Technology price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Seagate Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 18.23 |
Seagate Technology lagged returns against current returns
Autocorrelation, which is Seagate Technology 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 Seagate Technology's stock expected returns. We can calculate the autocorrelation of Seagate Technology returns to help us make a trade decision. For example, suppose you find that Seagate Technology 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 |
Seagate Technology 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 Seagate Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Seagate Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Seagate Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Seagate Technology Lagged Returns
When evaluating Seagate Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Seagate Technology stock have on its future price. Seagate Technology 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, Seagate Technology autocorrelation shows the relationship between Seagate Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Seagate Technology Holdings.
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.Other Information on Investing in Seagate Stock
Seagate Technology financial ratios help investors to determine whether Seagate Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Seagate with respect to the benefits of owning Seagate Technology security.