Elastic Nv Stock Market Value
| ESTC Stock | USD 112.94 0.15 0.13% |
| Symbol | Elastic |
Elastic NV Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elastic NV. If investors know Elastic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.6 | Revenue Per Share 13.114 | Quarterly Revenue Growth 0.183 | Return On Assets (0.04) | Return On Equity 0.1042 |
The market value of Elastic NV is measured differently than its book value, which is the value of Elastic that is recorded on the company's balance sheet. Investors also form their own opinion of Elastic NV's value that differs from its market value or its book value, called intrinsic value, which is Elastic NV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elastic NV's market value can be influenced by many factors that don't directly affect Elastic NV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Elastic NV '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 Elastic NV's stock 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 Elastic NV.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Elastic NV on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Elastic NV or generate 0.0% return on investment in Elastic NV over 180 days. Elastic NV is related to or competes with Smartsheet, Gitlab, Amplitude, Sprinklr, Fastly, Datadog, and Bill. Elastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud... More
Elastic NV 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 Elastic NV's stock 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 Elastic NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.1977 | |||
| Maximum Drawdown | 16.02 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 3.69 |
Elastic NV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elastic NV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elastic NV's standard deviation. In reality, there are many statistical measures that can use Elastic NV historical prices to predict the future Elastic NV's volatility.| Risk Adjusted Performance | 0.191 | |||
| Jensen Alpha | 0.4234 | |||
| Total Risk Alpha | 0.2661 | |||
| Sortino Ratio | 0.3226 | |||
| Treynor Ratio | 0.3254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elastic NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elastic NV Backtested Returns
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 1.73, semi deviation of 1.09, and Downside Deviation of 1.6 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elastic NV holds a performance score of 22. The firm shows a Beta (market volatility) of 1.91, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elastic NV will likely underperform. Please check Elastic NV's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Elastic NV's price patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Elastic NV has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Elastic NV time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 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 Elastic NV price movement. The serial correlation of -0.78 indicates that around 78.0% of current Elastic NV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 106.42 |
Elastic NV lagged returns against current returns
Autocorrelation, which is Elastic NV stock'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 Elastic NV's stock expected returns. We can calculate the autocorrelation of Elastic NV returns to help us make a trade decision. For example, suppose you find that Elastic NV has exhibited high autocorrelation historically, and you observe that the stock 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 |
Elastic NV 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 Elastic NV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elastic NV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elastic NV stock over time.
Current vs Lagged Prices |
| Timeline |
Elastic NV Lagged Returns
When evaluating Elastic NV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elastic NV stock have on its future price. Elastic NV 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, Elastic NV autocorrelation shows the relationship between Elastic NV stock current value and its past values and can show if there is a momentum factor associated with investing in Elastic NV.
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.When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock:Check out Elastic NV Correlation, Elastic NV Volatility and Elastic NV Alpha and Beta module to complement your research on Elastic NV. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.