NetApp Stock Alpha and Beta Analysis

NTAP
 Stock
  

USD 64.29  0.37  0.58%   

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.
Additionally, see NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History and analyze NetApp Performance.
  
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 0.19  worse 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 1.02  . Let's try to break down what NetApp's beta means in this case. NetApp returns are very sensitive to returns on the market. As the market goes up or down, NetApp is expected to follow.
NetApp Book Value per Share is very stable at the moment as compared to the past year. NetApp reported last year Book Value per Share of 6.71. As of 10th of December 2022, Price to Book Value is likely to grow to 7.71, while Enterprise Value over EBIT is likely to drop 16.76.
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.

Enterprise Value

10.38 Billion

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.
α-0.19   β1.02
90 days against NYA

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 Sun, Sep 11, 2022 and Sat, Dec 10, 2022 is 67.61 with a coefficient of variation of 5.85. The daily time series for the period is distributed with a sample standard deviation of 3.95, arithmetic mean of 67.55, and mean deviation of 3.35. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Sale by Cernuda Cesar of 18000 shares of NetApp09/19/2022
2
At US66.56, Is NetApp, Inc. Worth Looking At Closely - Yahoo...10/05/2022
3
NetApp Strong Value Tech Stock With A High Yield - Seeking A...10/10/2022
4
NetApps 12 percent CAGR outpaced the companys earnings growt...10/25/2022
5
Should Value Investors Consider NetApp Stock Now - Nasdaq11/09/2022
6
NETAPP, INC. Managements Discussion and Analysis of Financia...12/01/2022

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.
 2010 2015 2020 2022 (projected)
Long Term Debt to Equity0.444.742.853.52
Interest Coverage132.69129.5717.5316.31

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.
Upcoming Quarterly Report23rd of February 2022
Next Financial Report1st of June 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End1st of June 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

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.

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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
Additionally, see 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running NetApp Inc 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 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.
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...