Elastic Nv Stock Alpha and Beta Analysis
ESTC Stock | USD 100.24 0.11 0.11% |
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 1.46 | Alpha (0.33) | Risk 2.98 | Sharpe Ratio (0.02) | Expected Return (0.06) |
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 | -0.33 | β | 1.46 |
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 Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 116.16 with a coefficient of variation of 8.8. The daily time series for the period is distributed with a sample standard deviation of 10.13, arithmetic mean of 115.1, and mean deviation of 8.84. The Stock received substential amount of media coverage during this period. Price Growth (%) |
Timeline |
1 | Is Elastic Using Debt In A Risky Way | 02/06/2024 |
2 | Elastic NV Reports 19 percent Revenue Growth in Q3 Fiscal 2024 | 02/29/2024 |
3 | Elastic Shares Sold by Qube Research Technologies Ltd - MarketBeat | 03/06/2024 |
4 | Disposition of 2042 shares by Dodds Mark Eugene of Elastic NV at 103.28 subject to Rule 16b-3 | 03/11/2024 |
5 | Polar Capital Holdings Plc Has 11.65 Million Stock Holdings in Elastic | 03/12/2024 |
6 | 1 Artificial Intelligence Growth Stock Down 44 percent to Buy on the Dip in March | 03/18/2024 |
7 | Disposition of 122044 shares by Shay Banon of Elastic NV at 101.5 subject to Rule 16b-3 | 03/19/2024 |
8 | Disposition of 2709 shares by Shay Banon of Elastic NV at 102.61 subject to Rule 16b-3 | 03/20/2024 |
9 | Elastic N.V. CTO Shay Banon sells shares worth over 2 million By Investing.com - Investing.com | 03/22/2024 |
10 | Disposition of 815000 shares by Steven Schuurman of Elastic NV at 97.54 subject to Rule 16b-3 | 03/26/2024 |
11 | Elastic N.V. director Steven Schuurman sells 79.5 million in company stock | 03/28/2024 |
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.
2023 | 2024 (projected) | Dividend Yield | 0.0104 | 0.011 | Price To Sales Ratio | 5.81 | 5.52 |
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 |
Build Portfolio with Elastic NV
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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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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.