Western Digital (Germany) Market Value
| WDC Stock | EUR 46.20 1.86 3.87% |
| Symbol | Western |
Western Digital '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 Western Digital'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 Western Digital.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Western Digital on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Western Digital or generate 0.0% return on investment in Western Digital over 30 days. Western Digital is related to or competes with X-FAB Silicon, TRI CHEMICAL, SAN MIGUEL, SCANSOURCE (SC3SG), Sanyo Chemical, United Breweries, and Sekisui Chemical. Western Digital Corporation develops, manufactures, and sells data storage devices and solutions More
Western Digital 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 Western Digital'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 Western Digital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 29.25 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 5.01 |
Western Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Digital's standard deviation. In reality, there are many statistical measures that can use Western Digital historical prices to predict the future Western Digital's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (1.98) |
Western Digital Backtested Returns
Western Digital shows Sharpe Ratio of -0.15, which attests that the company had a -0.15 % return per unit of risk over the last 3 months. Western Digital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Digital's Mean Deviation of 2.24, market risk adjusted performance of (1.97), and Standard Deviation of 3.89 to validate the risk estimate we provide. The firm maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Digital is expected to be smaller as well. At this point, Western Digital has a negative expected return of -0.59%. Please make sure to check out Western Digital's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if Western Digital performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Western Digital has good reverse predictability. Overlapping area represents the amount of predictability between Western Digital time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd of March 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 Western Digital price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Western Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 4.04 |
Western Digital lagged returns against current returns
Autocorrelation, which is Western Digital 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 Western Digital's stock expected returns. We can calculate the autocorrelation of Western Digital returns to help us make a trade decision. For example, suppose you find that Western Digital 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 |
Western Digital 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 Western Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Western Digital Lagged Returns
When evaluating Western Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Digital stock have on its future price. Western Digital 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, Western Digital autocorrelation shows the relationship between Western Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Western Digital.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Western Stock
When determining whether Western Digital is a strong investment it is important to analyze Western Digital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Digital's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:Check out Western Digital Correlation, Western Digital Volatility and Western Digital Alpha and Beta module to complement your research on Western Digital. For more detail on how to invest in Western Stock please use our How to Invest in Western Digital guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.