Netapp Inc Stock Price on December 31, 2024

NTAP Stock  USD 118.09  0.91  0.78%   
If you're considering investing in NetApp Stock, it is important to understand the factors that can impact its price. As of today, the current price of NetApp stands at 118.09, as last reported on the 9th of January, with the highest price reaching 118.13 and the lowest price hitting 115.62 during the day. NetApp Inc has Sharpe Ratio of -0.0461, which conveys that the firm had a -0.0461% return per unit of risk over the last 3 months. NetApp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NetApp's Mean Deviation of 1.49, risk adjusted performance of (0.03), and Standard Deviation of 1.98 to check out the risk estimate we provide.
  
NetApp Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0461

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Estimated Market Risk

 1.98
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.09
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.05
  actual daily
0
Most of other assets perform better
Based on monthly moving average NetApp is not performing at its full potential. However, 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 NetApp to a well-diversified portfolio.

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NetApp Valuation on December 31, 2024

It is possible to determine the worth of NetApp on a given historical date. On December 31, 2024 NetApp was worth 116.51 at the beginning of the trading date compared to the closed value of 115.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NetApp stock. Still, in general, we apply an absolute valuation method to find NetApp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NetApp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NetApp's related companies.
 Open High Low Close Volume
  114.61    116.31    114.02    115.97    2,225,429  
12/31/2024
  116.51    117.04    114.15    115.56    1,378,127  
  116.46    116.80    114.29    115.40    1,429,123  
Backtest NetApp  |  NetApp History  |  NetApp Valuation   PreviousNext  
Open Value
116.51
110.56
Downside
115.56
Closing Value
122.46
Upside

NetApp Trading Date Momentum on December 31, 2024

On January 02 2025 NetApp Inc was traded for  115.40  at the closing time. The top price for the day was 116.80  and the lowest listed price was  114.29 . The trading volume for the day was 1.4 M. The trading history from January 2, 2025 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.14% . The trading delta at closing time against the current closing price is 1.13% .

NetApp Inc Fundamentals Correlations and Trends

By evaluating NetApp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NetApp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NetApp financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NetApp Stock history

NetApp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NetApp is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NetApp Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NetApp stock prices may prove useful in developing a viable investing in NetApp
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.

NetApp Stock Technical Analysis

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...

Price Boundaries

NetApp Period Price Range

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NetApp Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NetApp January 9, 2025 Market Strength

Market strength 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 undertsting and applying NetApp stock market strength indicators, traders can identify NetApp Inc entry and exit signals to maximize returns

NetApp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NetApp's price direction in advance. Along with the technical and fundamental analysis of NetApp Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NetApp to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional 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.