NetApp Stock Chance of Future Stock Price Finishing Over 61.85

NTAP
 Stock
  

USD 61.85  1.09  1.73%   

NetApp's future price is the expected price of NetApp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of NetApp Inc performance during a given time horizon utilizing its historical volatility.
  
NetApp's implied volatility is one of the determining factors in the pricing options written on NetApp Inc. Implied volatility approximates the future value of NetApp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in NetApp Inc over a specific time period. For example, 2022-10-07 CALL at $62.0 is a CALL option contract on NetApp's common stock with a strick price of 62.0 expiring on 2022-10-07. The contract was last traded on 0000-00-00 at 00:00:00 for $1.2 and, as of today, has 6 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $1.1. The implied volatility as of the 1st of October is 33.9102. View All NetApp options

Closest to current price NetApp long CALL Option Payoff at Expiration

Additionally, see NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History as well as NetApp Performance. Please specify NetApp time horizon, a valid symbol (red box) and a target price (blue box) you would like NetApp odds to be computed.

NetApp Target Price Odds to finish over 61.85

The tendency of NetApp Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 61.85 90 days 61.85 
roughly 97.0
Based on a normal probability distribution, the odds of NetApp to move above the current price in 90 days from now is roughly 97.0 (This NetApp Inc probability density function shows the probability of NetApp Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.08 . This indicates NetApp Inc market returns are highly reactive to returns on the market. As the market goes up or down, NetApp is expected to follow. Additionally The company has an alpha of 0.0538, implying that it can generate a 0.0538 percent excess return over DOW after adjusting for the inherited market risk (beta).
   NetApp Price Density   
       Price  

Predictive Modules for NetApp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NetApp Inc. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of NetApp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.9561.8163.67
Details
Intrinsic
Valuation
LowReal ValueHigh
55.6771.8573.71
Details
Naive
Forecast
LowNext ValueHigh
59.1461.0062.86
Details
16 Analysts
Consensus
LowTarget PriceHigh
70.0097.69120.00
Details
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.

NetApp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. NetApp is not an exception. The market had few large corrections towards the NetApp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NetApp Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NetApp within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.05
β
Beta against DOW1.08
σ
Overall volatility
4.14
Ir
Information ratio 0.023332

NetApp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NetApp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NetApp Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
NetApp Inc generated a negative expected return over the last 90 days
Over 93.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: Snap, NetApp And 2 Other Stocks Insiders Are Selling - Ciena , NetApp - Benzinga

NetApp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of NetApp Stock often depends not only on the future outlook of the current and potential NetApp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NetApp's indicators that are reflective of the short sentiment are summarized in the table below.
Last Dividend Date7th of July 2022
Shares Percent Shares Out2.09%
Trailing Annual Dividend Rate2.00
Short Percent Of Float2.37%
Float Shares216.58M
Average Daily Volume Last 10 Day1.53M
Shares Short Prior Month5.41M
Average Daily Volume In Three Month1.32M
Date Short Interest31st of August 2022

NetApp Technical Analysis

NetApp's future price can be derived by breaking down and analyzing its technical indicators over time. NetApp Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NetApp Inc. In general, you should focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environments and drivers.

NetApp Predictive Forecast Models

NetApp time-series forecasting models is one of many NetApp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NetApp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about NetApp Inc

Checking the ongoing alerts about NetApp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NetApp Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NetApp Inc generated a negative expected return over the last 90 days
Over 93.0% of the company shares are owned by institutional investors
Latest headline from www.benzinga.com: Snap, NetApp And 2 Other Stocks Insiders Are Selling - Ciena , NetApp - Benzinga
Additionally, see NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History as well as 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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for NetApp Stock analysis

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.
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
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.
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 NetApp value 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.