Elastic Stock Performance

ESTC
 Stock
  

USD 56.03  1.14  1.99%   

The firm shows a Beta (market volatility) of 2.059, 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 -0.44%. 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.
  
Elastic Performance
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Over the last 90 days Elastic NV has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2023. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Elastic Price Channel

Begin Period Cash Flow403708000.00
Total Cashflows From Investing Activities-127271000.00

Elastic NV Relative Risk vs. Return Landscape

If you would invest  7,904  in Elastic NV on September 3, 2022 and sell it today you would lose (2,301)  from holding Elastic NV or give up 29.11% of portfolio value over 90 days. Elastic NV is currently does not generate positive expected returns and assumes 4.6213% risk (volatility on return distribution) over the 90 days horizon. In different words, 40% of stocks are less volatile than Elastic, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Elastic NV is expected to under-perform the market. In addition to that, the company is 3.07 times more volatile than its market benchmark. It trades about -0.1 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.09 per unit of volatility.

Elastic NV Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Elastic NV's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Elastic NV, and traders can use it to determine the average amount a Elastic NV's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0954

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Negative ReturnsESTC
Estimated Market Risk
 4.62
  actual daily
 
 40 %
of total potential
 
4040
Expected Return
 -0.44
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 0 %
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Risk-Adjusted Return
 -0.1
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Based on monthly moving average Elastic NV is performing at about 0% 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.

About Elastic NV Performance

To evaluate Elastic NV Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Elastic NV generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Elastic Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Elastic NV market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Elastic's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-20.6 M-21.1 M
Return on Average Assets(0.13) (0.14) 
Return on Average Equity(0.47) (0.48) 
Return on Invested Capital(0.40) (0.41) 
Return on Sales(0.20) (0.22) 

Things to note about Elastic NV

Checking the ongoing alerts about Elastic NV for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Elastic NV help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Elastic NV Alerts

Equity Alerts and Improvement Suggestions

Elastic NV generated a negative expected return over the last 90 days
Elastic NV has high historical volatility and very poor performance
The company reported the previous year's revenue of 862.37 M. Net Loss for the year was (203.85 M) with profit before overhead, payroll, taxes, and interest of 631.57 M.
Over 78.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: G-III Apparel, Salesforce And Some Other Big Stocks Moving Lower In Todays Pre-Market Session By Benzinga - Investing.com UK
Continue to Investing Opportunities. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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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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
5.8 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.