Western Digital (Brazil) Today
| W1DC34 Stock | BRL 361.93 5.17 1.45% |
Performance11 of 100
| Odds Of DistressLess than 24
|
Western Digital is trading at 361.93 as of the 2nd of May 2024, a 1.45% increase since the beginning of the trading day. The stock's open price was 356.76. Western Digital has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Western Digital are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2024 and ending today, the 2nd of May 2024. Click here to learn more.
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. WESTERN DIG operates under Computer Hardware classification in Brazil and is traded on Sao Paolo Stock Exchange. The company has 319.33 M outstanding shares. More on Western Digital
Moving together with Western Stock
| 0.91 | D1EL34 | Dell Technologies | PairCorr |
| 0.87 | POSI3 | Positivo Tecnologia | PairCorr |
Moving against Western Stock
| 0.8 | SEQL3 | Sequoia Logstica e | PairCorr |
| 0.66 | BOVA11 | iShares Ibovespa Index | PairCorr |
| 0.57 | LFTT11 | Loft II Fundo | PairCorr |
Follow Valuation Odds of Bankruptcy
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Western Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Western Digital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Western Digital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Computer Hardware, Technology, Computing (View all Sectors) |
Western Digital (W1DC34) is traded on Sao Paulo Exchange in Brazil and employs 65,000 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 72.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Western Digital's market, we take the total number of its shares issued and multiply it by Western Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Western Digital operates under Technology sector and is part of Computer Hardware industry. The entity has 319.33 M outstanding shares.
Western Digital has accumulated about 2.73 B in cash with 1.88 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.92.
Check Western Digital Probability Of Bankruptcy
Western Stock Price Odds Analysis
What are Western Digital's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Western Digital jumping above the current price in 90 days from now is about 12.6%. The Western Digital probability density function shows the probability of Western Digital stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Western Digital has a beta of -0.383. This entails as returns on the benchmark increase, returns on holding Western Digital are expected to decrease at a much lower rate. During a bear market, however, Western Digital is likely to outperform the market. Additionally, western Digital has an alpha of 0.8392, implying that it can generate a 0.84 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Western Digital to move above the current price in 90 days from now is about 12.6 (This Western Digital probability density function shows the probability of Western Stock to fall within a particular range of prices over 90 days) .
Western Digital Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Western Digital market risk premium is the additional return an investor will receive from holding Western Digital long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Western Digital. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Western Digital's alpha and beta are two of the key measurements used to evaluate Western Digital's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.96 | |||
| Standard Deviation | 5.6 | |||
| Variance | 31.35 | |||
| Risk Adjusted Performance | 0.104 |
Western Stock Against Markets
Picking the right benchmark for Western Digital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Western Digital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Western Digital is critical whether you are bullish or bearish towards Western Digital at a given time. Please also check how Western Digital's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Western Digital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Western Digital Corporate Management
Elected by the shareholders, the Western Digital's board of directors comprises two types of representatives: Western Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Digital's management team and ensure that shareholders' interests are well served. Western Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Goeckeler | CEO Director | Profile | |
| Wissam Jabre | Ex CFO | Profile | |
| Michael Ray | Exec Officer | Profile | |
| Gene Zamiska | VP Officer | Profile | |
| Sivaram Srinivasan | Pres Strategy | Profile | |
| Tiang Tan | Ex Operations | Profile | |
| David Tang | Sr Marketing | Profile |
How to buy Western Stock?
Before investing in Western Digital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Western Digital. To buy Western Digital stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Western Digital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Western Digital stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Western Digital stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Western Digital stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Western Digital, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Western Stock please use our How to Invest in Western Digital guide.
Already Invested in Western Digital?
The danger of trading Western Digital is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Digital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Digital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Western Stock analysis
When running Western Digital's price analysis, check to measure Western Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
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