Elastic Nv Stock Alpha and Beta Analysis
| ESTC Stock | USD 113.09 3.63 3.32% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Elastic NV. It also helps investors analyze the systematic and unsystematic risks associated with investing in Elastic NV over a specified time horizon. Remember, high Elastic NV's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Elastic NV's market risk premium analysis include:
Beta 1.59 | Alpha 0.0394 | Risk 2.59 | Sharpe Ratio 0.27 | Expected Return 0.71 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Elastic |
Elastic NV Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Elastic NV market risk premium is the additional return an investor will receive from holding Elastic NV long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Elastic NV. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Elastic NV's performance over market.| α | 0.04 | β | 1.59 |
Elastic NV expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Elastic NV's Buy-and-hold return. Our buy-and-hold chart shows how Elastic NV performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Elastic NV Market Price Analysis
Market price analysis 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 understating and applying Elastic NV stock market price indicators, traders can identify Elastic NV position entry and exit signals to maximize returns.
Elastic NV Return and Market Media
The median price of Elastic NV for the period between Wed, Sep 4, 2024 and Tue, Dec 3, 2024 is 79.87 with a coefficient of variation of 12.73. The daily time series for the period is distributed with a sample standard deviation of 10.57, arithmetic mean of 83.03, and mean deviation of 7.59. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Shareholder Rights Advocates at Levi Korsinsky Investigate Elastic N.V. Regarding Possible Securities Fraud Violations | 10/21/2024 |
2 | Elastic to Announce Second Quarter Fiscal 2025 Earnings Results on Thursday, November 21, 2024 | 11/07/2024 |
3 | Elastic NV Shares Up 5.56 percent on Nov 21 | 11/21/2024 |
4 | Elastic NV Q2 2025 Earnings Call Highlights Strong Revenue Growth and AI Innovations ... | 11/22/2024 |
5 | Snowflake, Elastic Shares Rise as Wedbush Upgrades AI Outlook | 11/25/2024 |
6 | Autodesk appoints Janesh Moorjani as chief financial officer | 11/26/2024 |
7 | Elastic Upgraded Wedbush Sees AI Boom Driving Software Sector Growth | 11/29/2024 |
8 | Elastic Announces General Availability of Elastic Cloud Serverless Powered by Search AI Lake | 12/02/2024 |
About Elastic NV Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Elastic or other stocks. Alpha measures the amount that position in Elastic NV has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 8.17 | 8.44 | 12.66 | 15.05 | Days Of Inventory On Hand | 72.81 | 71.72 | 82.48 | 134.97 |
Elastic NV Upcoming Company Events
As portrayed in its financial statements, the presentation of Elastic NV's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elastic NV's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Elastic NV's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Elastic NV. Please utilize our Beneish M Score to check the likelihood of Elastic NV's management manipulating its earnings.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 6th of June 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 6th of June 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 30th of April 2023 Last Financial Announcement | View |
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Check out Elastic NV Backtesting, Elastic NV Valuation, Elastic NV Correlation, Elastic NV Hype Analysis, Elastic NV Volatility, Elastic NV History and analyze Elastic NV Performance. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.