Seagate Technology's market value is the price at which a share of Seagate Technology trades on a public exchange. It measures the collective expectations of Seagate Technology Holdings investors about its performance. Seagate Technology is trading at 542.15 as of the 4th of January 2025, a 0.72 percent decrease since the beginning of the trading day. The stock's open price was 546.09. With this module, you can estimate the performance of a buy and hold strategy of Seagate Technology Holdings and determine expected loss or profit from investing in Seagate Technology over a given investment horizon. Check out Seagate Technology Correlation, Seagate Technology Volatility and Seagate Technology Alpha and Beta module to complement your research on Seagate Technology.
Please note, there is a significant difference between Seagate Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seagate Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seagate Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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12/05/2024
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In 31 days
01/04/2025
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If you would invest 0.00 in Seagate Technology on December 5, 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, 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Seagate Technology. Your research has to be compared to or analyzed against Seagate Technology's peers to derive any actionable benefits. When done correctly, Seagate Technology'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 Seagate Technology.
Seagate Technology Backtested Returns
Seagate Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0095, which indicates the firm had a -0.0095% return per unit of risk over the last 3 months. Seagate Technology Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Seagate Technology's Variance of 6.46, coefficient of variation of (11,116), and Risk Adjusted Performance of (0.0005) to confirm the risk estimate we provide. The entity has a beta of -1.02, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Seagate Technology are expected to decrease slowly. On the other hand, during market turmoil, Seagate Technology is expected to outperform it slightly. At this point, Seagate Technology has a negative expected return of -0.0256%. Please make sure to validate Seagate Technology's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Seagate Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.46
Modest reverse predictability
Seagate Technology Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Seagate Technology 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 Seagate Technology price movement. The serial correlation of -0.46 indicates that about 46.0% of current Seagate Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.46
Spearman Rank Test
-0.43
Residual Average
0.0
Price Variance
340.82
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.
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.