Elastic Gross Profit from 2010 to 2024
| ESTC Stock | USD 103.71 1.17 1.14% |
Gross Profit | First Reported 2016-07-31 | Previous Quarter 230.5 M | Current Value 243.3 M | Quarterly Volatility 74.2 M |
Check Elastic NV financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elastic main balance sheet or income statement drivers, such as Tax Provision of 23.3 M, Depreciation And Amortization of 57.6 M or Interest Expense of 30.4 M, as well as many exotic indicators such as Price To Sales Ratio of 5.52, Dividend Yield of 0.011 or PTB Ratio of 12.8. Elastic financial statements analysis is a perfect complement when working with Elastic NV Valuation or Volatility modules.
Elastic | Gross Profit |
Latest Elastic NV's Gross Profit Growth Pattern
Below is the plot of the Gross Profit of Elastic NV over the last few years. Gross profit is a required income statement account that reflects total revenue of Elastic NV minus its cost of goods sold. It is profit before Elastic NV operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Elastic NV's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elastic NV's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 773.21 M | 10 Years Trend |
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Gross Profit |
| Timeline |
Elastic Gross Profit Regression Statistics
| Arithmetic Mean | 317,794,385 | |
| Geometric Mean | 183,261,621 | |
| Coefficient Of Variation | 103.52 | |
| Mean Deviation | 277,580,246 | |
| Median | 119,195,000 | |
| Standard Deviation | 328,966,832 | |
| Sample Variance | 108219.2T | |
| Range | 864.3M | |
| R-Value | 0.90 | |
| Mean Square Error | 22795.8T | |
| R-Squared | 0.80 | |
| Slope | 65,974,107 | |
| Total Sum of Squares | 1515068.5T |
Elastic Gross Profit History
Other Fundumenentals of Elastic NV
Elastic NV Gross Profit component correlations
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About Elastic NV Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Elastic NV income statement, its balance sheet, and the statement of cash flows. Elastic NV investors use historical funamental indicators, such as Elastic NV's Gross Profit, to determine how well the company is positioned to perform in the future. Although Elastic NV investors may use each financial statement separately, they are all related. The changes in Elastic NV's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elastic NV'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 Elastic NV Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elastic NV. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit | 888.2 M | 932.6 M | |
| Gross Profit Margin | 0.83 | 0.80 |
Elastic NV Investors Sentiment
The influence of Elastic NV's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Elastic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Elastic NV's public news can be used to forecast risks associated with an investment in Elastic. The trend in average sentiment can be used to explain how an investor holding Elastic can time the market purely based on public headlines and social activities around Elastic NV. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Elastic NV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Elastic NV's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Elastic NV's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Elastic NV.
Elastic NV Implied Volatility | 44.43 |
Elastic NV's implied volatility exposes the market's sentiment of Elastic NV stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Elastic NV's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Elastic NV stock will not fluctuate a lot when Elastic NV's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Elastic NV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Elastic NV's short interest history, or implied volatility extrapolated from Elastic NV options trading.
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 together with Elastic Stock
| 0.9 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.71 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against Elastic Stock
| 0.87 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.68 | DJCO | Daily Journal Corp | PairCorr |
| 0.57 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
| 0.47 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
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 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 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.Check out the analysis of Elastic NV Correlation against competitors. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Elastic Stock analysis
When running Elastic NV's 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 the 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.
Earnings Share 0.52 | Revenue Per Share 12.3 | Quarterly Revenue Growth 0.194 | Return On Assets (0.04) | Return On Equity 0.1027 |
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 if Elastic NV is a good investment 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.