Netapp Inc Stock Chance of Future Stock Price Finishing Over 127.64

NTAP Stock  USD 127.64  0.17  0.13%   
NetApp's implied volatility is one of the determining factors in the pricing options written on NetApp Inc. Implied volatility approximates the future value of NetApp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in NetApp Inc over a specific time period. For example, 2024-06-28 CALL at $128.0 is a CALL option contract on NetApp's common stock with a strick price of 128.0 expiring on 2024-06-28. The contract was last traded on 2024-06-21 at 15:50:54 for $0.99 and, as of today, has 4 days remaining before the expiration. The option is currently trading at a bid price of $1.25, and an ask price of $1.4. The implied volatility as of the 24th of June is 22.36. View All NetApp options

Closest to current price NetApp long CALL Option Payoff at Expiration

NetApp's future price is the expected price of NetApp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of NetApp Inc performance during a given time horizon utilizing its historical volatility. Check out NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History as well as NetApp Performance.
  
At this time, NetApp's Price Earnings Ratio is relatively stable compared to the past year. As of 06/24/2024, Price Book Value Ratio is likely to grow to 24.21, while Price To Operating Cash Flows Ratio is likely to drop 12.44. Please specify NetApp's target price for which you would like NetApp odds to be computed.

NetApp Target Price Odds to finish over 127.64

The tendency of NetApp Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 127.64 90 days 127.64 
roughly 2.49
Based on a normal probability distribution, the odds of NetApp to move above the current price in 90 days from now is roughly 2.49 (This NetApp Inc probability density function shows the probability of NetApp Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days NetApp has a beta of 0.69. This indicates as returns on the market go up, NetApp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NetApp Inc will be expected to be much smaller as well. Additionally NetApp Inc has an alpha of 0.3305, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   NetApp Price Density   
       Price  

Predictive Modules for NetApp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NetApp Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NetApp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
126.34127.64128.94
Details
Intrinsic
Valuation
LowRealHigh
114.88142.16143.46
Details
Naive
Forecast
LowNextHigh
128.88130.18131.48
Details
19 Analysts
Consensus
LowTargetHigh
73.4180.6789.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NetApp. Your research has to be compared to or analyzed against NetApp's peers to derive any actionable benefits. When done correctly, NetApp'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 NetApp Inc.

NetApp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. NetApp is not an exception. The market had few large corrections towards the NetApp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NetApp Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NetApp within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.33
β
Beta against Dow Jones0.69
σ
Overall volatility
8.96
Ir
Information ratio 0.26

NetApp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NetApp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NetApp Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 94.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: NetApps Upcoming Dividend Will Be Larger Than Last Years

NetApp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of NetApp Stock often depends not only on the future outlook of the current and potential NetApp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NetApp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding213 M
Cash And Short Term Investments3.3 B

NetApp Technical Analysis

NetApp's future price can be derived by breaking down and analyzing its technical indicators over time. NetApp Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NetApp Inc. In general, you should focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environments and drivers.

NetApp Predictive Forecast Models

NetApp's time-series forecasting models is one of many NetApp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NetApp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about NetApp Inc

Checking the ongoing alerts about NetApp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NetApp Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 94.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: NetApps Upcoming Dividend Will Be Larger Than Last Years

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp'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 NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.