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:
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.
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 PremiumsInvestors 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.
NetApp expected buy-and-hold returnsAlthough 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 MediaThe 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.
About NetApp Beta and Alpha
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.
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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:
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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.
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