NetApp (Germany) Market Value
| NTA Stock | EUR 122.08 5.70 4.90% |
| Symbol | NetApp |
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.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in NetApp on December 28, 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 720 days. NetApp is related to or competes with FIREWEED METALS, SCIENCE IN, SIMS METAL, FARO Technologies, Digilife Technologies, NTG Nordic, and Transportadora. NetApp, Inc. provides software, systems, and services to manage and share data on-premises, and private and public cloud... 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.
| Downside Deviation | 2.46 | |||
| Information Ratio | 0.0858 | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.19 |
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.| Risk Adjusted Performance | 0.0971 | |||
| Jensen Alpha | 0.2201 | |||
| Total Risk Alpha | 0.0353 | |||
| Sortino Ratio | 0.0755 | |||
| Treynor Ratio | 0.4791 |
NetApp Inc Backtested Returns
NetApp appears to be very steady, given 3 months investment horizon. NetApp Inc has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NetApp, which you can use to evaluate the volatility of the firm. Please exercise NetApp's Mean Deviation of 1.65, risk adjusted performance of 0.0971, and Downside Deviation of 2.46 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NetApp holds a performance score of 9. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NetApp's returns are expected to increase less than the market. However, during the bear market, the loss of holding NetApp is expected to be smaller as well. Please check NetApp's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether NetApp's current price movements will revert.
Auto-correlation | 0.75 |
Good predictability
NetApp Inc has good predictability. Overlapping area represents the amount of predictability between NetApp time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th of December 2024. 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 0.75 indicates that around 75.0% of current NetApp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 200.04 |
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 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 price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NetApp Stock
When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:Check out NetApp Correlation, NetApp Volatility and NetApp Alpha and Beta module to complement your research on NetApp. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.