Seagate Technology Correlations

STX Stock

USD 149.07 2.35 1.60%

The current 90-days correlation between Seagate Technology PLC and NetApp Inc is 0.5 (i.e., Very weak diversification). The correlation of Seagate Technology 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Seagate Technology Correlation With Market

Weak diversification

The correlation between Seagate Technology PLC and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seagate Technology PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Seagate Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Seagate Stock

0.64	CDW	CDW Corp	Pair Corr
0.93	LPL	LG Display Earnings Call This Week	Pair Corr
0.93	VSH	Vishay Intertechnology	Pair Corr
0.97	LASR	nLIGHT Inc	Pair Corr
0.97	LITE	Lumentum Holdings	Pair Corr
0.68	NTGR	NETGEAR	Pair Corr
0.75	RGTIW	Rigetti Computing Trending	Pair Corr
0.83	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.94	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.9	RDWR	Radware	Pair Corr
0.75	RGTI	Rigetti Computing Trending	Pair Corr
0.89	AAOI	Applied Opt	Pair Corr
0.8	ADTN	ADTRAN Inc	Pair Corr
0.97	AVNW	Aviat Networks	Pair Corr
0.76	CIEN	Ciena Corp	Pair Corr
0.82	CRNT	Ceragon Networks	Pair Corr
0.97	CSCO	Cisco Systems	Pair Corr
0.96	MU	Micron Technology	Pair Corr
0.88	MX	MagnaChip Semiconductor	Pair Corr
0.95	ON	ON Semiconductor	Pair Corr
0.92	VRRM	Verra Mobility Corp	Pair Corr
0.7	ENLV	Enlivex Therapeutics	Pair Corr
0.95	ADI	Analog Devices	Pair Corr
0.95	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.94	ARM	Arm Holdings plc	Pair Corr
0.86	FRGE	Forge Global Holdings	Pair Corr
0.83	GFS	Globalfoundries	Pair Corr

Moving against Seagate Stock

0.73	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.55	QMCO	Quantum	Pair Corr
0.75	FRGT	Freight Technologies	Pair Corr
0.65	ARQQW	Arqit Quantum Warrants	Pair Corr
0.38	KLTR	Kaltura	Pair Corr

Related Correlations Analysis

	NTAP	DELL	PSTG	HPQ	WDC	CRSR	NNDM	SMCI	ANET
NTAP		0.96	0.95	0.23	0.94	0.96	-0.04	0.86	0.91	NTAP
DELL	0.96		0.93	0.23	0.96	0.95	-0.05	0.93	0.9	DELL
PSTG	0.95	0.93		0.48	0.83	0.92	0.13	0.81	0.9	PSTG
HPQ	0.23	0.23	0.48		0.03	0.2	0.51	0.15	0.31	HPQ
WDC	0.94	0.96	0.83	0.03		0.92	-0.12	0.91	0.9	WDC
CRSR	0.96	0.95	0.92	0.2	0.92		-0.06	0.85	0.86	CRSR
NNDM	-0.04	-0.05	0.13	0.51	-0.12	-0.06		-0.08	0.17	NNDM
SMCI	0.86	0.93	0.81	0.15	0.91	0.85	-0.08		0.84	SMCI
ANET	0.91	0.9	0.9	0.31	0.9	0.86	0.17	0.84		ANET
	NTAP	DELL	PSTG	HPQ	WDC	CRSR	NNDM	SMCI	ANET

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DELL	+ 0.96	NTAP
CRSR	+ 0.96	NTAP
WDC	+ 0.96	DELL
PSTG	+ 0.95	NTAP
CRSR	+ 0.95	DELL
WDC	+ 0.94	NTAP

High negative correlations

NNDM	- 0.12	WDC
SMCI	- 0.08	NNDM
NNDM	- 0.06	CRSR
NNDM	- 0.05	DELL
NNDM	- 0.04	NTAP

Risk-Adjusted Indicators

There is a big difference between Seagate Stock performing well and Seagate Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Seagate Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NTAP	1.20	0.27	0.24	0.38	0.71	(1.42)	3.70	(1.64)	8.33
DELL	1.76	0.52	0.37	0.55	0.94	(2.18)	5.88	(2.50)	11.22
PSTG	1.74	0.36	0.20	0.40	1.51	(2.04)	4.39	(3.35)	14.74
HPQ	1.43	0.14	(0.01)	(0.45)	1.96	(1.59)	2.83	(2.54)	15.06
WDC	1.34	0.88	0.64	1.18	0.00	(1.73)	5.25	(1.84)	10.25
CRSR	2.45	0.33	0.22	0.28	1.77	(3.16)	8.75	(3.98)	14.46
NNDM	1.97	(0.12)	(0.03)	0.04	2.29	(2.56)	4.73	(4.29)	14.14
SMCI	3.59	0.79	0.16	6.60	3.82	(4.07)	8.80	(6.35)	25.80
ANET	2.27	0.47	0.17	0.43	2.33	(2.37)	6.40	(4.76)	13.69

Seagate Technology Corporate Management

James JD	Chief VP	Profile
Graldine HottierFayon	VP Controller	Profile
Patricia Frost	Senior Officer	Profile
Mike Troemel	Senior Engineering	Profile
Jeffrey Nygaard	Ex Devel	Profile
John Grieci	Senior Advocacy	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC