Netgear Stock Market Value
| NTGR Stock | USD 24.30 0.39 1.63% |
| Symbol | NETGEAR |
NETGEAR Price To Book Ratio
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NETGEAR. If investors know NETGEAR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NETGEAR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Earnings Share 0.67 | Revenue Per Share 23.328 | Quarterly Revenue Growth (0.08) | Return On Assets (0.05) |
The market value of NETGEAR is measured differently than its book value, which is the value of NETGEAR that is recorded on the company's balance sheet. Investors also form their own opinion of NETGEAR's value that differs from its market value or its book value, called intrinsic value, which is NETGEAR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NETGEAR's market value can be influenced by many factors that don't directly affect NETGEAR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NETGEAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if NETGEAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NETGEAR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NETGEAR '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 NETGEAR'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 NETGEAR.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in NETGEAR on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding NETGEAR or generate 0.0% return on investment in NETGEAR over 360 days. NETGEAR is related to or competes with KVH Industries, Ituran Location, Aviat Networks, Mynaric AG, Harmonic, Juniper Networks, and Digi International. NETGEAR, Inc. designs, develops, and markets networking and Internet connected products for consumers, businesses, and s... More
NETGEAR 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 NETGEAR'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 NETGEAR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 34.6 | |||
| Value At Risk | (3.74) | |||
| Potential Upside | 5.28 |
NETGEAR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NETGEAR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NETGEAR's standard deviation. In reality, there are many statistical measures that can use NETGEAR historical prices to predict the future NETGEAR's volatility.| Risk Adjusted Performance | 0.1403 | |||
| Jensen Alpha | 0.6103 | |||
| Total Risk Alpha | 0.0548 | |||
| Sortino Ratio | 0.3198 | |||
| Treynor Ratio | 0.6341 |
NETGEAR Backtested Returns
NETGEAR appears to be not too volatile, given 3 months investment horizon. NETGEAR has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of standard deviation over the last 3 months. By inspecting NETGEAR's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise NETGEAR's Market Risk Adjusted Performance of 0.6441, mean deviation of 2.31, and Risk Adjusted Performance of 0.1403 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NETGEAR holds a performance score of 13. The company secures a Beta (Market Risk) of 1.19, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NETGEAR will likely underperform. Please check NETGEAR's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether NETGEAR's current price movements will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
NETGEAR has poor reverse predictability. Overlapping area represents the amount of predictability between NETGEAR time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th of November 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 NETGEAR price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current NETGEAR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 11.03 |
NETGEAR lagged returns against current returns
Autocorrelation, which is NETGEAR 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 NETGEAR's stock expected returns. We can calculate the autocorrelation of NETGEAR returns to help us make a trade decision. For example, suppose you find that NETGEAR 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 |
NETGEAR 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 NETGEAR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NETGEAR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NETGEAR stock over time.
Current vs Lagged Prices |
| Timeline |
NETGEAR Lagged Returns
When evaluating NETGEAR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NETGEAR stock have on its future price. NETGEAR 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, NETGEAR autocorrelation shows the relationship between NETGEAR stock current value and its past values and can show if there is a momentum factor associated with investing in NETGEAR.
Regressed Prices |
| Timeline |
Pair Trading with NETGEAR
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 NETGEAR 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 NETGEAR will appreciate offsetting losses from the drop in the long position's value.Moving together with NETGEAR Stock
| 0.73 | EHGO | Eshallgo Class A Downward Rally | PairCorr |
| 0.85 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against NETGEAR Stock
| 0.79 | ACLS | Axcelis Technologies | PairCorr |
| 0.79 | ASYS | Amtech Systems Fiscal Year End 12th of December 2024 | PairCorr |
| 0.77 | SIMO | Silicon Motion Technology | PairCorr |
| 0.72 | VECO | Veeco Instruments | PairCorr |
| 0.69 | TER | Teradyne | PairCorr |
The ability to find closely correlated positions to NETGEAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NETGEAR 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 NETGEAR - 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 NETGEAR to buy it.
The correlation of NETGEAR 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 NETGEAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NETGEAR 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 NETGEAR 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 NETGEAR Stock Analysis
When running NETGEAR's price analysis, check to measure NETGEAR'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 NETGEAR is operating at the current time. Most of NETGEAR's value examination focuses on studying past and present price action to predict the probability of NETGEAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NETGEAR's price. Additionally, you may evaluate how the addition of NETGEAR to your portfolios can decrease your overall portfolio volatility.