NetApp Stock Market Value

NTAP
 Stock
  

USD 72.37  0.26  0.36%   

NetApp's market value is the price at which a share of NetApp stock trades on a public exchange. It measures the collective expectations of NetApp Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of NetApp Inc and determine expected loss or profit from investing in NetApp over a given investment horizon. Additionally, see NetApp Hype Analysis, NetApp Correlation, NetApp Valuation, NetApp Volatility, as well as analyze NetApp Alpha and Beta and NetApp Performance.
Symbol


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 YOY
-0.22
Market Capitalization
15.9 B
Quarterly Revenue Growth YOY
0.08
Return On Assets
0.0776
Return On Equity
1.23
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.

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.
0.00
07/09/2022
No Change 0.00  0.0 
In 30 days
08/08/2022
0.00
If you would invest  0.00  in NetApp on July 9, 2022 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 Alphabet, Starbucks Corp, Dupont Denemours, Merck, Chevron Corp, Home Depot, and McDonalds Corp. 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.

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.
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
70.3972.4174.43
Details
Intrinsic
Valuation
LowReal ValueHigh
65.1383.8985.91
Details
16 Analysts
Consensus
LowTarget PriceHigh
70.0097.69120.00
Details
Earnings
Estimates (9)
LowProjected EPSHigh
4.144.214.35
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 Inc Backtested Returns

We consider NetApp very steady. NetApp Inc has Sharpe Ratio of 0.0092, which conveys that the firm had 0.0092% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for NetApp, which you can use to evaluate the future volatility of the firm. Please verify NetApp Inc mean deviation of 1.67, and Risk Adjusted Performance of 0.0033 to check out if the risk estimate we provide is consistent with the expected return of 0.0187%.
The company secures a Beta (Market Risk) of 1.2111, which conveys a somewhat significant risk relative to the market. Let's try to break down what NetApp's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NetApp will likely underperform. Although it is important to respect NetApp Inc price patterns, it is better to be realistic regarding the information on the equity's historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing NetApp Inc technical indicators, you can presently evaluate if the expected return of 0.0187% will be sustainable into the future. NetApp Inc right now secures a risk of 2.03%. Please verify NetApp Inc information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if NetApp Inc will be following its current price movements.

Auto-correlation

    
  0.76  

Good predictability

NetApp Inc has good predictability. Overlapping area represents the amount of predictability between NetApp time series from 9th of July 2022 to 24th of July 2022 and 24th of July 2022 to 8th of August 2022. 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 0.76 indicates that around 76.0% of current NetApp price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test0.88
Residual Average0.0
Price Variance1.24

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       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   
Share
       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in NetApp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see NetApp Hype Analysis, NetApp Correlation, NetApp Valuation, NetApp Volatility, as well as analyze NetApp Alpha and Beta and 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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.
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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...