Elbit Other Current Assets from 2010 to 2024
| ESLT Stock | USD 184.25 0.55 0.30% |
Other Current Assets | First Reported 1996-12-31 | Previous Quarter 160.1 M | Current Value 292.1 M | Quarterly Volatility 47 B |
Check Elbit Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elbit Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 100.8 M, Interest Expense of 80.3 M or Total Revenue of 6.4 B, as well as many indicators such as Price To Sales Ratio of 0.82, Dividend Yield of 0.009 or PTB Ratio of 1.98. Elbit financial statements analysis is a perfect complement when working with Elbit Systems Valuation or Volatility modules.
Elbit | Other Current Assets |
Latest Elbit Systems' Other Current Assets Growth Pattern
Below is the plot of the Other Current Assets of Elbit Systems over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Elbit Systems' Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elbit Systems' overall financial position and show how it may be relating to other accounts over time.
| Other Current Assets | 10 Years Trend |
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Other Current Assets |
| Timeline |
Elbit Other Current Assets Regression Statistics
| Arithmetic Mean | 113,281,592 | |
| Geometric Mean | 91,850,261 | |
| Coefficient Of Variation | 57.74 | |
| Mean Deviation | 50,208,820 | |
| Median | 96,412,000 | |
| Standard Deviation | 65,411,282 | |
| Sample Variance | 4278.6T | |
| Range | 271.5M | |
| R-Value | 0.61 | |
| Mean Square Error | 2880.8T | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | 8,954,300 | |
| Total Sum of Squares | 59900.9T |
Elbit Other Current Assets History
About Elbit Systems Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Elbit Systems income statement, its balance sheet, and the statement of cash flows. Elbit Systems investors use historical funamental indicators, such as Elbit Systems's Other Current Assets, to determine how well the company is positioned to perform in the future. Although Elbit Systems investors may use each financial statement separately, they are all related. The changes in Elbit Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elbit Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Elbit Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elbit Systems. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Assets | 160.1 M | 83.2 M |
Pair Trading with Elbit Systems
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 Elbit Systems 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 Elbit Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Elbit Stock
| 0.66 | DCO | Ducommun Incorporated | PairCorr |
| 0.63 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
| 0.58 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.56 | CW | Curtiss Wright | PairCorr |
| 0.53 | DPRO | Draganfly | PairCorr |
The ability to find closely correlated positions to Elbit Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elbit Systems 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 Elbit Systems - 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 Elbit Systems to buy it.
The correlation of Elbit Systems is a statistical measure of how it moves in relation to other instruments. 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 Elbit Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elbit Systems 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 Elbit Systems 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.Additional Tools for Elbit Stock Analysis
When running Elbit Systems' price analysis, check to measure Elbit Systems' 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 Elbit Systems is operating at the current time. Most of Elbit Systems' value examination focuses on studying past and present price action to predict the probability of Elbit Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elbit Systems' price. Additionally, you may evaluate how the addition of Elbit Systems to your portfolios can decrease your overall portfolio volatility.