NetApp Begin Period Cash Flow vs Change To Inventory Analysis
NTAP Stock | USD 123.24 0.58 0.47% |
NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Begin Period Cash Flow and its Change To Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Begin Period Cash Flow vs Change To Inventory
Begin Period Cash Flow vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Begin Period Cash Flow account and Change To Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NetApp's Begin Period Cash Flow and Change To Inventory is -0.28. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Begin Period Cash Flow and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of NetApp Inc are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Begin Period Cash Flow i.e., NetApp's Begin Period Cash Flow and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. As of 12/12/2024, Selling General Administrative is likely to drop to about 220 M. In addition to that, Tax Provision is likely to drop to about 175.8 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.2B | 4.2B | 4.4B | 2.5B | Total Revenue | 6.3B | 6.4B | 6.3B | 4.0B |
NetApp fundamental ratios Correlations
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NetApp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NetApp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.5B | 9.4B | 10.0B | 9.8B | 9.9B | 6.2B | |
Short Long Term Debt Total | 1.7B | 2.7B | 2.6B | 2.4B | 2.7B | 2.8B | |
Other Current Liab | 774M | 921M | 878M | 810M | 1.5B | 1.6B | |
Total Current Liabilities | 3.6B | 3.5B | 4.0B | 3.5B | 4.1B | 2.2B | |
Total Stockholder Equity | 242M | 685M | 838M | 1.2B | 1.1B | 1.9B | |
Property Plant And Equipment Net | 727M | 525M | 602M | 650M | 851M | 647.9M | |
Current Deferred Revenue | 1.9B | 2.1B | 2.2B | 2.2B | 2.2B | 1.1B | |
Net Debt | (1.2B) | (2.0B) | (1.5B) | 73M | 749M | 786.5M | |
Accounts Payable | 426M | 420M | 607M | 392M | 517M | 542.9M | |
Cash | 2.9B | 4.6B | 4.1B | 2.3B | 1.9B | 2.6B | |
Non Current Assets Total | 3.2B | 3.4B | 4.1B | 5.1B | 5.0B | 5.2B | |
Non Currrent Assets Other | 699M | 694M | 526M | 1.5B | 243M | 346.1M | |
Cash And Short Term Investments | 2.9B | 4.6B | 4.1B | 3.1B | 3.3B | 3.0B | |
Net Receivables | 973M | 945M | 1.2B | 987M | 1.0B | 630.5M | |
Common Stock Shares Outstanding | 233M | 226M | 229M | 220M | 213M | 252.4M | |
Short Term Investments | 224M | 67M | 22M | 754M | 1.4B | 1.3B | |
Liabilities And Stockholders Equity | 7.5B | 9.4B | 10.0B | 9.8B | 9.9B | 6.2B | |
Non Current Liabilities Total | 3.7B | 5.2B | 5.2B | 5.2B | 4.6B | 4.9B | |
Inventory | 145M | 114M | 204M | 167M | 186M | 98.0M | |
Other Current Assets | 274M | 346M | 377M | 456M | 446M | 612.4M | |
Total Liab | 7.3B | 8.7B | 9.2B | 8.7B | 8.7B | 9.2B | |
Total Current Assets | 4.3B | 6.0B | 5.9B | 4.7B | 4.9B | 4.0B | |
Accumulated Other Comprehensive Income | (42M) | (30M) | (44M) | (51M) | (59M) | (56.1M) | |
Short Term Debt | 522M | 49M | 297M | 47M | 440M | 425.6M | |
Common Stock | 242M | 685M | 760M | 945M | 997M | 1.1B | |
Common Stock Total Equity | 284M | 504M | 760M | 945M | 1.1B | 750.9M | |
Other Stockholder Equity | 42M | (181M) | (44M) | (51M) | (45.9M) | (43.6M) | |
Property Plant And Equipment Gross | 864M | 639M | 2.1B | 2.3B | 2.3B | 2.4B | |
Other Liab | 2.4B | 2.6B | 2.8B | 2.6B | 2.9B | 3.1B | |
Other Assets | 535M | 694M | 991M | 1.2B | 1.4B | 1.4B | |
Property Plant Equipment | 727M | 525M | 602M | 650M | 747.5M | 741.8M | |
Good Will | 1.8B | 2.0B | 2.3B | 2.8B | 3.2B | 3.3B | |
Intangible Assets | 44M | 101M | 142M | 181M | 124M | 95.7M | |
Long Term Debt | 1.1B | 2.6B | 2.4B | 2.4B | 2.0B | 1.3B | |
Net Tangible Assets | (1.6B) | (1.5B) | (1.7B) | (1.8B) | (1.6B) | (1.5B) | |
Deferred Long Term Liab | 97M | 89M | 111M | 117M | 105.3M | 100.0M |
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.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.