Elastic Nv Stock Price on December 3, 2024
| ESTC Stock | USD 112.94 0.15 0.13% |
If you're considering investing in Elastic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elastic NV stands at 112.94, as last reported on the 4th of December, with the highest price reaching 114.96 and the lowest price hitting 111.00 during the day. Elastic NV appears to be very steady, given 3 months investment horizon. Elastic NV secures Sharpe Ratio (or Efficiency) of 0.28, which denotes the company had a 0.28% return per unit of standard deviation over the last 3 months. By reviewing Elastic NV's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Elastic NV's Mean Deviation of 1.72, semi deviation of 0.8819, and Downside Deviation of 1.46 to check if our risk estimates are consistent with your expectations.
Elastic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elastic |
Sharpe Ratio = 0.2832
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Estimated Market Risk
| 2.6 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.74 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Elastic NV is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elastic NV by adding it to a well-diversified portfolio.
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Elastic NV Valuation on December 3, 2024
It is possible to determine the worth of Elastic NV on a given historical date. On December 3, 2024 Elastic was worth 111.15 at the beginning of the trading date compared to the closed value of 112.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elastic NV stock. Still, in general, we apply an absolute valuation method to find Elastic NV's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elastic NV where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elastic NV's related companies.
| Open | High | Low | Close | Volume | |
| 109.63 | 113.27 | 109.11 | 113.09 | 1,728,922 | |
12/03/2024 | 111.15 | 114.96 | 111.00 | 112.94 | 1,395,543 |
| 111.15 | 114.96 | 111.00 | 112.94 | 0.00 |
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Elastic NV Trading Date Momentum on December 3, 2024
| On December 04 2024 Elastic NV was traded for 112.94 at the closing time. The top price for the day was 114.96 and the lowest listed price was 111.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 4, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.58% . |
Elastic NV Fundamentals Correlations and Trends
By evaluating Elastic NV's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elastic NV's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elastic financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elastic NV Stock history
Elastic NV investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elastic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elastic NV will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elastic NV stock prices may prove useful in developing a viable investing in Elastic NV
Elastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud environments. The company was incorporated in 2012 and is headquartered in Mountain View, California. Elastic NV operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 3056 people.
Elastic NV Stock Technical Analysis
Elastic NV technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Elastic NV Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
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Elastic NV December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Elastic NV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elastic NV shares will generate the highest return on investment. By undertsting and applying Elastic NV stock market strength indicators, traders can identify Elastic NV entry and exit signals to maximize returns
Elastic NV Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elastic NV's price direction in advance. Along with the technical and fundamental analysis of Elastic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elastic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2231 | |||
| Jensen Alpha | 0.5489 | |||
| Total Risk Alpha | 0.3747 | |||
| Sortino Ratio | 0.4277 | |||
| Treynor Ratio | 0.4209 |
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| Volume Indicators |
Complementary Tools for Elastic Stock analysis
When running Elastic NV's price analysis, check to measure Elastic NV'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 Elastic NV is operating at the current time. Most of Elastic NV's value examination focuses on studying past and present price action to predict the probability of Elastic NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elastic NV's price. Additionally, you may evaluate how the addition of Elastic NV to your portfolios can decrease your overall portfolio volatility.
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