Netapp Inc Stock Alpha and Beta Analysis
| NTAP Stock | USD 126.68 3.23 2.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as NetApp Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in NetApp over a specified time horizon. Remember, high NetApp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to NetApp's market risk premium analysis include:
Beta 0.94 | Alpha (0.16) | Risk 1.92 | Sharpe Ratio (0.02) | Expected Return (0.05) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
NetApp |
NetApp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. NetApp market risk premium is the additional return an investor will receive from holding NetApp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NetApp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate NetApp's performance over market.| α | -0.16 | β | 0.94 |
NetApp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of NetApp's Buy-and-hold return. Our buy-and-hold chart shows how NetApp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.NetApp Market Price Analysis
Market price analysis indicators help investors to evaluate how NetApp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NetApp shares will generate the highest return on investment. By understating and applying NetApp stock market price indicators, traders can identify NetApp position entry and exit signals to maximize returns.
NetApp Return and Market Media
The median price of NetApp for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 121.16 with a coefficient of variation of 4.01. The daily time series for the period is distributed with a sample standard deviation of 4.89, arithmetic mean of 121.86, and mean deviation of 3.87. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | NetApp, Inc. to Issue Quarterly Dividend of 0.52 | 10/03/2024 |
2 | ORG Wealth Partners LLC Acquires New Stake in NetApp, Inc. | 10/15/2024 |
| NetApp dividend paid on 23rd of October 2024 | 10/23/2024 |
3 | NetApp Inc CEO George Kurian Sells 8,500 Shares | 10/24/2024 |
4 | NetApp Elevates Pamela Hennard to Chief Diversity and Inclusion Officer, Accelerating its Vision for a More Inclusive Future | 10/31/2024 |
5 | Disposition of 217 shares by De Lorenzo Daniel of NetApp at 120.43 subject to Rule 16b-3 | 11/01/2024 |
6 | Is NetApp A Risky Investment | 11/04/2024 |
7 | Heres Why NetApp is a Strong Growth Stock | 11/06/2024 |
8 | NetApp expands security channel activity with Exclusive Networks deal | 11/08/2024 |
9 | 11/11/2024 |
10 | Disposition of 1438 shares by Michael Berry of NetApp subject to Rule 16b-3 | 11/15/2024 |
11 | Disposition of 326 shares by De Lorenzo Daniel of NetApp at 117.44 subject to Rule 16b-3 | 11/18/2024 |
About NetApp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including NetApp or other stocks. Alpha measures the amount that position in NetApp Inc has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2015 | 2020 | 2024 (projected) | Dividend Yield | 0.0443 | 0.0197 | 0.0258 | Price To Sales Ratio | 1.83 | 3.36 | 2.89 |
NetApp Upcoming Company Events
As portrayed in its financial statements, the presentation of NetApp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NetApp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of NetApp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of NetApp. Please utilize our Beneish M Score to check the likelihood of NetApp's management manipulating its earnings.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 29th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 29th of May 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 30th of April 2023 Last Financial Announcement | View |
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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.