Netapp Inc Stock Alpha and Beta Analysis

NTAP Stock  USD 86.32  0.29  0.34%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NetApp Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in NetApp over a specified time horizon. Remember, high NetApp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to NetApp's market risk premium analysis include:
Beta
0.9
Alpha
0.038
Risk
2.15
Sharpe Ratio
0.0849
Expected Return
0.18
Please note that although NetApp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, NetApp did 0.04  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of NetApp Inc stock's relative risk over its benchmark. NetApp Inc has a beta of 0.90  . NetApp returns are very sensitive to returns on the market. As the market goes up or down, NetApp is expected to follow. At this time, NetApp's Book Value per Share is relatively stable as compared to the past year. As of 02/23/2024, Tangible Assets Book Value per Share is likely to grow to 33.66, while Enterprise Value over EBIT is likely to drop 14.58.

Enterprise Value

15.25 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History and analyze NetApp Performance.

NetApp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NetApp market risk premium is the additional return an investor will receive from holding NetApp 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 NetApp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate NetApp's performance over market.
α0.04   β0.90

NetApp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of NetApp's Buy-and-hold return. Our buy-and-hold chart shows how NetApp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

NetApp Market Price Analysis

Market price analysis indicators help investors to evaluate how NetApp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NetApp shares will generate the highest return on investment. By understating and applying NetApp stock market price indicators, traders can identify NetApp position entry and exit signals to maximize returns.

NetApp Return and Market Media

The median price of NetApp for the period between Sat, Nov 25, 2023 and Fri, Feb 23, 2024 is 87.81 with a coefficient of variation of 4.31. The daily time series for the period is distributed with a sample standard deviation of 3.74, arithmetic mean of 86.7, and mean deviation of 2.59. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Financial Statements
11/28/2023
2
NetApp Inc Tech Talk Hosted by William Blair Transcript
01/23/2024
 
NetApp dividend paid on 24th of January 2024
01/24/2024
3
Samenvatting Aston Martin Aramco Formula One Team en NetApp verlengen samenwerkingsverband
02/05/2024
4
NetApp Inc. stock underperforms Tuesday when compared to competitors despite daily gains - MarketWatch
02/06/2024
5
Unclassified Event
02/09/2024
6
QuSecures Stuart Oliver Recognized as a 2024 CRN Channel Chief
02/13/2024
7
Industry Comparison Evaluating Super Micro Computer Against Competitors In Technology Hardware, Storage Peripherals Industry
02/22/2024

About NetApp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including NetApp or other stocks. Alpha measures the amount that position in NetApp Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2020 2023 2024 (projected)
Long Term Debt to Equity2.063.844.14
Interest Coverage17.5315.4815.89

NetApp Upcoming Company Events

As portrayed in its financial statements, the presentation of NetApp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NetApp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NetApp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NetApp. Please utilize our Beneish M Score to check the likelihood of NetApp's management manipulating its earnings.
28th of February 2024
Upcoming Quarterly Report
View
29th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
29th of May 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
30th of April 2023
Last Financial Announcement
View

Build Portfolio with NetApp

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History and analyze NetApp Performance.
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Global Correlations
Find global opportunities by holding instruments from different markets
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
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.
A focus of NetApp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NetApp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...