Netapp Inc Stock Market Value
| NTAP Stock | USD 99.42 1.51 1.54% |
| Symbol | NetApp |
NetApp Inc Price To Book Ratio
Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.933 | Dividend Share 2 | Earnings Share 4.39 | Revenue Per Share 29.398 | Quarterly Revenue Growth 0.052 |
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NetApp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NetApp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NetApp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in NetApp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding NetApp Inc or generate 0.0% return on investment in NetApp over 30 days. NetApp is related to or competes with LG Display, Sony Corp, Sonos, Vizio Holding, Singing Machine, Koss, and GoPro. NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public c... More
NetApp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NetApp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NetApp Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.0535 | |||
| Maximum Drawdown | 21.08 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.94 |
NetApp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NetApp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NetApp's standard deviation. In reality, there are many statistical measures that can use NetApp historical prices to predict the future NetApp's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.1001 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1004 | |||
| Treynor Ratio | 0.1483 |
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.
NetApp Inc Backtested Returns
NetApp appears to be very steady, given 3 months investment horizon. NetApp Inc has Sharpe Ratio of 0.0814, which conveys that the firm had a 0.0814% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NetApp, which you can use to evaluate the volatility of the firm. Please exercise NetApp's Risk Adjusted Performance of 0.0622, mean deviation of 1.19, and Downside Deviation of 1.35 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NetApp holds a performance score of 6. The company secures a Beta (Market Risk) of 1.45, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NetApp will likely underperform. Please check NetApp's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NetApp's current price movements will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
NetApp Inc has modest reverse predictability. Overlapping area represents the amount of predictability between NetApp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NetApp Inc price movement. The serial correlation of -0.47 indicates that about 47.0% of current NetApp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 4.83 |
NetApp Inc lagged returns against current returns
Autocorrelation, which is NetApp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NetApp's stock expected returns. We can calculate the autocorrelation of NetApp returns to help us make a trade decision. For example, suppose you find that NetApp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NetApp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NetApp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NetApp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NetApp stock over time.
Current vs Lagged Prices |
| Timeline |
NetApp Lagged Returns
When evaluating NetApp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NetApp stock have on its future price. NetApp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NetApp autocorrelation shows the relationship between NetApp stock current value and its past values and can show if there is a momentum factor associated with investing in NetApp Inc.
Regressed Prices |
| Timeline |
NetApp Investors Sentiment
The influence of NetApp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NetApp. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NetApp's public news can be used to forecast risks associated with an investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NetApp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NetApp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NetApp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetApp.
NetApp Implied Volatility | 30.43 |
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NetApp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NetApp's short interest history, or implied volatility extrapolated from NetApp options trading.
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Try AI Portfolio ArchitectCheck out NetApp Correlation, NetApp Volatility and NetApp Alpha and Beta module to complement your research on NetApp. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp'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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary 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.
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NetApp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.