NetApp Story

NTAP -- USA Stock

USD 64.29 0.37 0.57%

Macroaxis Story

As many millenniums are trying to avoid technology space, it makes sense to recap NetApp Inc a little further and try to understand its current market patterns. As we have suggested previously, NetApp is beginning its decline as insiders shift to be more bearish due to the increased sector volatility. Enough of the dispositions of the company stock price movements has been a presentation of what is happening in the market overall. Healthy basic indicators of the firm may also hint at signals of long period gains for NetApp insiders. NetApp Inc is scheduled to announce its earnings today. The next earnings report is expected on the 10th of February 2021.

Published over a month ago

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Should you pick up NetApp (NASDAQ:NTAP) based on recent technical indicators?

This firm's average rating is Hold from 16 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on NetApp market sentiment investors' perception of the future value of NetApp. Let us look at a few aspects of NetApp technical analysis.

Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of NetApp Inc. In general, we focus on analyzing NetApp stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NetApp's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of NetApp's intrinsic value. In addition to deriving basic predictive indicators for NetApp, we also check how macroeconomic factors affect NetApp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NetApp's stock 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. Please use the tools below to analyze the current value of NetApp in the context of predictive analytics.

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 towards taking a position in NetApp Inc.

How does NetApp Stands against Peers?

Analyzing NetApp competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to NetApp across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.

Check out NetApp Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for NetApp, but it might be worth checking our own buy vs. sell analysis

Closer look at NetApp Mean Deviation

NetApp Inc has current Mean Deviation of 2.0. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation

SUM(RET DEV)

2.0

SUM	=	Summation notation
RET DEV	=	Sum of return deviations of NetApp
N	=	Number of calculation points for selected time horizon

Let's now compare NetApp Mean Deviation to its closest peers:

NTAP

EXEO

CAJ

CAN

DDD

	NTAP	2.000967687327824
	EXEO	5.46
	CAJ	1.72
	CAN	4.77
	DDD	3.6

Will NetApp pull back in January 2021?

Recent total risk alpha is at 0.21. As of the 1st of December, NetApp secures the Risk Adjusted Performance of 0.198, downside deviation of 2.3, and Mean Deviation of 2.0. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NetApp Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for NetApp, which can be compared to its peers in the industry. Please verify NetApp Inc information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if NetApp Inc is priced some-what accurately, providing market reflects its recent price of 53.31 per share. Given that NetApp Inc has jensen alpha of 0.2608, we recommend you to check NetApp's last-minute market performance to make sure the company can sustain itself at a future point.

Our Conclusion on NetApp

Although other companies under the computer hardware industry are still a bit expensive, NetApp may offer a potential longer-term growth to insiders. To conclude, as of the 1st of December 2020, our analysis shows that NetApp responds to the market. The firm is fairly valued and projects below average odds of distress for the next 2 years. Our final 30 days buy-or-sell advice on the firm is Strong Buy.

About Contributor

Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of NetApp Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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NetApp Story

USD 64.29 0.37 0.57%

How does NetApp Stands against Peers?

What do experts say?

Closer look at NetApp Mean Deviation

Will NetApp pull back in January 2021?

Our Conclusion on NetApp

About Contributor

Would you like to provide feedback on the content of this article?

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