Elanco Animal Health Market Value
| 28414HAG8 | 101.73 0.95 0.93% |
| Symbol | Elanco |
Elanco '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 Elanco's bond 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 Elanco.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Elanco on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Elanco Animal Health or generate 0.0% return on investment in Elanco over 720 days. Elanco is related to or competes with Old Dominion, Cannae Holdings, CAVA Group,, Mesa Air, Nexstar Broadcasting, Saia, and Cracker Barrel. More
Elanco 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 Elanco's bond 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 Elanco Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.91 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.6387 |
Elanco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elanco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elanco's standard deviation. In reality, there are many statistical measures that can use Elanco historical prices to predict the future Elanco's volatility.| Risk Adjusted Performance | (0.000047) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.38) |
Elanco Animal Health Backtested Returns
Elanco Animal Health secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the bond had a -0.12% return per unit of standard deviation over the last 3 months. Elanco Animal Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elanco's Mean Deviation of 0.679, standard deviation of 1.67, and Coefficient Of Variation of (12,710) to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0606, which means not very significant fluctuations relative to the market. As returns on the market increase, Elanco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elanco is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Elanco Animal Health has poor predictability. Overlapping area represents the amount of predictability between Elanco time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Elanco Animal Health price movement. The serial correlation of 0.25 indicates that over 25.0% of current Elanco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
Elanco Animal Health lagged returns against current returns
Autocorrelation, which is Elanco bond'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 Elanco's bond expected returns. We can calculate the autocorrelation of Elanco returns to help us make a trade decision. For example, suppose you find that Elanco has exhibited high autocorrelation historically, and you observe that the bond 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 |
Elanco 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 Elanco bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elanco bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elanco bond over time.
Current vs Lagged Prices |
| Timeline |
Elanco Lagged Returns
When evaluating Elanco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elanco bond have on its future price. Elanco 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, Elanco autocorrelation shows the relationship between Elanco bond current value and its past values and can show if there is a momentum factor associated with investing in Elanco Animal Health.
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.Other Information on Investing in Elanco Bond
Elanco financial ratios help investors to determine whether Elanco Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elanco with respect to the benefits of owning Elanco security.