NetApp Correlations

NetApp Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations PTC + 0.86 HPQ PTC + 0.86 TDY TDY + 0.8 VRSN HPQ + 0.72 RGTI PTC + 0.72 RGTI TDY + 0.7 HPQ

High negative correlations VRSN - 0.57 FLEX VRSN - 0.43 LOGI TDY - 0.34 LOGI PTC - 0.28 LOGI JBL - 0.25 RGTI TDY - 0.24 FLEX

Risk-Adjusted Indicators

There is a big difference between NetApp Stock performing well and NetApp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NetApp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.