Elastic Stock Market Value

ESTC
 Stock
  

USD 58.88  1.62  2.83%   

Elastic NV's market value is the price at which a share of Elastic NV stock trades on a public exchange. It measures the collective expectations of Elastic NV investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Elastic NV and determine expected loss or profit from investing in Elastic NV over a given investment horizon. Continue to Elastic NV Correlation, Elastic NV Volatility and Elastic NV Alpha and Beta module to complement your research on Elastic NV.
Symbol


Is Elastic NV's industry 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.
Market Capitalization
5.7 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
(0.08) 
Return On Equity
(0.56) 
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 Elastic NV value 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.
0.00
01/05/2021
No Change 0.00  0.0 
In 1 year 10 months and 22 days
11/26/2022
0.00
If you would invest  0.00  in Elastic NV on January 5, 2021 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 690 days. Elastic NV is related to or competes with Salesforce, Autodesk, Intuit, Servicenow, and Snowflake Inc. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Elastic NV in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
53.4757.9962.51
Details
Intrinsic
Valuation
LowReal ValueHigh
52.9986.5691.08
Details
Naive
Forecast
LowNext ValueHigh
55.1459.6564.17
Details
13 Analysts
Consensus
LowTarget PriceHigh
125.00175.73230.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Elastic NV. Your research has to be compared to or analyzed against Elastic NV's peers to derive any actionable benefits. When done correctly, Elastic NV's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Elastic NV.

Elastic NV Backtested Returns

Elastic NV secures Sharpe Ratio (or Efficiency) of -0.1, which denotes the company had -0.1% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Elastic NV exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Elastic NV mean deviation of 3.29 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.7914, which means a somewhat significant risk relative to the market. Let's try to break down what Elastic's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elastic NV will likely underperform. Even though it is essential to pay attention to Elastic NV historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Elastic NV exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Elastic NV has an expected return of -0.47%. Please be advised to confirm Elastic NV value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall to decide if Elastic NV performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.03  

Virtually no predictability

Elastic NV has virtually no predictability. Overlapping area represents the amount of predictability between Elastic NV time series from 5th of January 2021 to 16th of December 2021 and 16th of December 2021 to 26th of November 2022. 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 0.03 indicates that only 3.0% of current Elastic NV price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.25
Residual Average0.0
Price Variance242.22

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Elastic NV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Elastic NV

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elastic NV position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elastic NV will appreciate offsetting losses from the drop in the long position's value.

Moving against Elastic NV

-0.72SGMLSigma Lithium Corp Buyout TrendPairCorr
-0.53TWTRTwitter DelistingPairCorr
The ability to find closely correlated positions to Elastic NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elastic NV when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elastic NV - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elastic NV to buy it.
The correlation of Elastic NV is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elastic NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elastic NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elastic NV can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Elastic NV Correlation, Elastic NV Volatility and Elastic NV Alpha and Beta module to complement your research on Elastic NV. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for analysis

When running Elastic NV 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 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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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.
A focus of Elastic NV technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Elastic NV trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...