NetApp Stock Performance

NTAP
 Stock
  

USD 74.63  0.30  0.40%   

NetApp has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.1755, 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 0.12% will be sustainable into the future. NetApp Inc right now secures a risk of 1.88%. Please verify NetApp Inc potential upside, as well as the relationship between the kurtosis and day typical price to decide if NetApp Inc will be following its current price movements.
  
NetApp Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in NetApp Inc are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady basic indicators, NetApp may actually be approaching a critical reversion point that can send shares even higher in September 2022. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0267
Payout Ratio
0.38
Last Split Factor
2:1
Forward Annual Dividend Rate
2.0
Dividend Date
2022-07-27
Ex Dividend Date
2022-07-07
Last Split Date
2000-03-23

NetApp Price Channel

Quick Ratio1.36
Fifty Two Week Low61.26
Target High Price120.00
Fifty Two Week High96.82
Payout Ratio48.90%
Trailing Annual Dividend Yield2.62%
Target Low Price60.00

NetApp Relative Risk vs. Return Landscape

If you would invest  7,017  in NetApp Inc on May 18, 2022 and sell it today you would earn a total of  446.00  from holding NetApp Inc or generate 6.36% return on investment over 90 days. NetApp Inc is currently generating 0.1185% in daily expected returns and assumes 1.8812% risk (volatility on return distribution) over the 90 days horizon. In different words, 16% of stocks are less volatile than NetApp, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days NetApp is expected to generate 1.08 times less return on investment than the market. In addition to that, the company is 1.59 times more volatile than its market benchmark. It trades about 0.06 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.11 per unit of volatility.

NetApp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for NetApp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NetApp Inc, and traders can use it to determine the average amount a NetApp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.063

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Estimated Market Risk
 1.88
  actual daily
 
 16 %
of total potential
 
1616
Expected Return
 0.12
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.06
  actual daily
 
 4 %
of total potential
 
44
Based on monthly moving average NetApp is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NetApp by adding it to a well-diversified portfolio.

About NetApp Performance

To evaluate NetApp Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NetApp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NetApp Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NetApp Inc stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents NetApp's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash3.2 M3.5 M
Return on Investment 34.07  37.51 
Return on Average Assets 9.67  9.64 
Return on Average Equity 123.05  147.66 
Return on Invested Capital 0.22  0.27 
Return on Sales 0.15  0.15 
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people.

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 Alerts

Equity Alerts and Improvement Suggestions

Over 94.0% of the company shares are owned by institutional investors
On 27th of July 2022 NetApp paid $ 0.5 per share dividend to its current shareholders
Latest headline from www.gurufocus.com: Top 5 2nd Quarter Trades of Beutel, Goodman Co Ltd. - GuruFocus.com
Additionally, see Stocks Correlation. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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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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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
16.5 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.