WESTERN DIGITAL Market Capitalization vs. Net Income
| WDC Stock | EUR 57.73 0.38 0.66% |
For WESTERN DIGITAL profitability analysis, we use financial ratios and fundamental drivers that measure the ability of WESTERN DIGITAL to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well WESTERN DIGITAL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between WESTERN DIGITAL's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of WESTERN DIGITAL over time as well as its relative position and ranking within its peers.
WESTERN |
WESTERN DIGITAL Net Income vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining WESTERN DIGITAL's current stock value. Our valuation model uses many indicators to compare WESTERN DIGITAL value to that of its competitors to determine the firm's financial worth. WESTERN DIGITAL is rated below average in market capitalization category among its peers. It is rated below average in net income category among its peers making up about 0.09 of Net Income per Market Capitalization. The ratio of Market Capitalization to Net Income for WESTERN DIGITAL is roughly 10.65 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the WESTERN DIGITAL's earnings, one of the primary drivers of an investment's value.WESTERN Market Capitalization vs. Competition
WESTERN DIGITAL is rated below average in market capitalization category among its peers. Market capitalization of Other industry is at this time estimated at about 18.49 Trillion. WESTERN DIGITAL adds roughly 15.97 Billion in market capitalization claiming only tiny portion of all equities under Other industry.
WESTERN Net Income vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
WESTERN DIGITAL |
| = | 15.97 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
WESTERN DIGITAL |
| = | 1.5 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
WESTERN Net Income Comparison
WESTERN DIGITAL is currently under evaluation in net income category among its peers.
WESTERN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on WESTERN DIGITAL. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of WESTERN DIGITAL position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the WESTERN DIGITAL's important profitability drivers and their relationship over time.
Use WESTERN DIGITAL in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WESTERN DIGITAL position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WESTERN DIGITAL will appreciate offsetting losses from the drop in the long position's value.WESTERN DIGITAL Pair Trading
WESTERN DIGITAL Pair Trading Analysis
The ability to find closely correlated positions to WESTERN DIGITAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WESTERN DIGITAL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WESTERN DIGITAL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WESTERN DIGITAL to buy it.
The correlation of WESTERN DIGITAL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WESTERN DIGITAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WESTERN DIGITAL moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WESTERN DIGITAL can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your WESTERN DIGITAL position
In addition to having WESTERN DIGITAL in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large & Mid Caps ETFs Thematic Idea Now
Large & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large & Mid Caps ETFs theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large & Mid Caps ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in WESTERN Stock
When determining whether WESTERN DIGITAL offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WESTERN DIGITAL's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:Check out Your Current Watchlist. For information on how to trade WESTERN Stock refer to our How to Trade WESTERN Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
To fully project WESTERN DIGITAL's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of WESTERN DIGITAL at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include WESTERN DIGITAL's income statement, its balance sheet, and the statement of cash flows.