NETAPP INC Market Value
| 64110DAL8 | 91.75 6.41 6.53% |
| 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 bond 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.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in NETAPP on May 26, 2024 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 180 days. NETAPP is related to or competes with 00108WAF7, 90331HPL1, Destiny Tech100, Snowflake, Charles Schwab, Granite Construction, and P10. 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 bond 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.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7719 |
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 | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.69) |
NETAPP INC Backtested Returns
NETAPP INC has Sharpe Ratio of -0.0744, which conveys that the entity had a -0.0744% return per unit of standard deviation over the last 3 months. NETAPP exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NETAPP's Mean Deviation of 0.355, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.68) to check out the risk estimate we provide. The bond secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. 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.
Auto-correlation | -0.25 |
Weak reverse predictability
NETAPP INC has weak reverse predictability. Overlapping area represents the amount of predictability between NETAPP time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 NETAPP INC price movement. The serial correlation of -0.25 indicates that over 25.0% of current NETAPP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
NETAPP INC lagged returns against current returns
Autocorrelation, which is NETAPP bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NETAPP bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NETAPP bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in NETAPP INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in NETAPP Bond
NETAPP financial ratios help investors to determine whether NETAPP Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NETAPP with respect to the benefits of owning NETAPP security.