NetApp Financial Statements From 2010 to 2025
| NTAP Stock | USD 111.56 2.31 2.11% |
Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp's main balance sheet or income statement drivers, such as , as well as many indicators such as . NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules.
Check out the analysis of NetApp Correlation against competitors. NetApp Inc Company Return On Equity Analysis
NetApp's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current NetApp Return On Equity | 1.25 |
Most of NetApp's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NetApp Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, NetApp Inc has a Return On Equity of 1.2535. This is 110.42% lower than that of the Technology Hardware, Storage & Peripherals sector and significantly higher than that of the Information Technology industry. The return on equity for all United States stocks is notably lower than that of the firm.
NetApp Inc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NetApp's current stock value. Our valuation model uses many indicators to compare NetApp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NetApp competition to find correlations between indicators driving NetApp's intrinsic value. More Info.NetApp Inc is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.08 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for NetApp Inc is roughly 12.46 . Comparative valuation analysis is a catch-all technique that is used if you cannot value NetApp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About NetApp Financial Statements
NetApp shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although NetApp investors may analyze each financial statement separately, they are all interrelated. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses on on NetApp's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people.
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.Moving together with NetApp Stock
Moving against NetApp Stock
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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.