NetApp Free Cash Flow from 2010 to 2024
| NTAP Stock | USD 123.79 3.81 2.99% |
Free Cash Flow | First Reported 1996-04-30 | Previous Quarter 300 M | Current Value 60 M | Quarterly Volatility 146.4 M |
Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 173.1 M, Interest Expense of 44.1 M or Total Revenue of 4 B, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0258 or PTB Ratio of 24.21. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
NetApp | Free Cash Flow |
Latest NetApp's Free Cash Flow Growth Pattern
Below is the plot of the Free Cash Flow of NetApp Inc over the last few years. It is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. NetApp's Free Cash Flow historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NetApp's overall financial position and show how it may be relating to other accounts over time.
| Free Cash Flow | 10 Years Trend |
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Free Cash Flow |
| Timeline |
NetApp Free Cash Flow Regression Statistics
| Arithmetic Mean | 1,038,748,133 | |
| Coefficient Of Variation | 35.68 | |
| Mean Deviation | 242,568,907 | |
| Median | 1,083,000,000 | |
| Standard Deviation | 370,637,474 | |
| Sample Variance | 137372.1T | |
| Range | 1.6B | |
| R-Value | 0.57 | |
| Mean Square Error | 99447.2T | |
| R-Squared | 0.33 | |
| Significance | 0.03 | |
| Slope | 47,449,093 | |
| Total Sum of Squares | 1923209.9T |
NetApp Free Cash Flow History
Other Fundumenentals of NetApp Inc
NetApp Free Cash Flow component correlations
About NetApp Financial Statements
NetApp shareholders use historical fundamental indicators, such as Free Cash Flow, to determine how well the company is positioned to perform in the future. Although NetApp investors may analyze each financial statement separately, they are all interrelated. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses on on NetApp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Free Cash Flow | 1.5 B | 1.6 B | |
| Free Cash Flow Yield | 0.07 | 0.07 | |
| Free Cash Flow Per Share | 7.36 | 5.27 | |
| EV To Free Cash Flow | 14.27 | 12.48 | |
| Price To Free Cash Flows Ratio | 13.78 | 14.16 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.91 | 0.88 |
Pair Trading with NetApp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.Moving together with NetApp Stock
| 0.67 | HPE | Hewlett Packard Ente Downward Rally | PairCorr |
The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.
The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.