NetApp Risk Adjusted Performance
| NTAP Stock | | | USD 118.00 5.00 4.42% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is NetApp's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
NetApp registers a Risk Adjusted Performance of 0.1275, reflecting positive but modest risk-adjusted return. NetApp has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.1275 | |
Risk Adjusted Performance Peers Comparison
The peer group averages 0.06 for Risk Adjusted Performance, with NetApp at 0.1275 falling above that level. Readings span -0.184 (Leidos Holdings) to 0.2555 (Flex). NetApp's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for NetApp and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
NetApp's Risk Adjusted Performance reads
0.13 while Maximum Drawdown reads
11.02 , a
86.40 ratio between the two. This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for NetApp.
Methodology, Assumptions & Data Sources
NetApp has a current Risk Adjusted Performance reading of 0.1275. Risk Adjusted Performance for NetApp is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. NetApp operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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