Eltek Stock Forecast - Accumulation Distribution
ELTK Stock | USD 10.86 0.61 5.95% |
Eltek Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eltek stock prices and determine the direction of Eltek's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eltek's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Eltek's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eltek's systematic risk associated with finding meaningful patterns of Eltek fundamentals over time.
Check out Historical Fundamental Analysis of Eltek to cross-verify your projections. Eltek |
Most investors in Eltek cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Eltek's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eltek's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Eltek is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Eltek to determine if accumulation or reduction is taking place in the market. This value is adjusted by Eltek trading volume to give more weight to distributions with higher volume over lower volume.Previous Accumulation Distribution | Accumulation Distribution | Trend |
4511.62 | 0.0506 |
Check Eltek Volatility | Backtest Eltek | Information Ratio |
Eltek Trading Date Momentum
On April 18 2024 Eltek was traded for 10.86 at the closing time. The top price for the day was 10.86 and the lowest listed price was 10.31 . There was no trading activity during the period 0.0. Lack of trading volume on April 18, 2024 did not affect price variability. The overall trading delta against the current closing price is 5.62% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare Eltek to competition |
Other Forecasting Options for Eltek
For every potential investor in Eltek, whether a beginner or expert, Eltek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eltek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eltek. Basic forecasting techniques help filter out the noise by identifying Eltek's price trends.View Eltek Related Equities
Risk & Return | Correlation |
Eltek Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Eltek's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Eltek's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Eltek Market Strength Events
Market strength indicators help investors to evaluate how Eltek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eltek shares will generate the highest return on investment. By undertsting and applying Eltek stock market strength indicators, traders can identify Eltek entry and exit signals to maximize returns.
Eltek Risk Indicators
The analysis of Eltek's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eltek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eltek stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 4.04 | |||
Standard Deviation | 6.56 | |||
Variance | 43.08 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Eltek
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 Eltek 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 Eltek will appreciate offsetting losses from the drop in the long position's value.Moving together with Eltek Stock
0.69 | EXTR | Extreme Networks Financial Report 24th of April 2024 | PairCorr |
Moving against Eltek Stock
0.85 | ZBRA | Zebra Technologies Financial Report 7th of May 2024 | PairCorr |
0.82 | MSI | Motorola Solutions Financial Report 2nd of May 2024 | PairCorr |
0.79 | NTAP | NetApp Inc Financial Report 29th of May 2024 | PairCorr |
0.73 | HPE | Hewlett Packard Ente Financial Report 4th of June 2024 | PairCorr |
0.72 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Eltek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eltek 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 Eltek - 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 Eltek to buy it.
The correlation of Eltek 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 Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek 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 Eltek 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 Historical Fundamental Analysis of Eltek to cross-verify your projections. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Eltek Stock analysis
When running Eltek's price analysis, check to measure Eltek'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 Eltek is operating at the current time. Most of Eltek's value examination focuses on studying past and present price action to predict the probability of Eltek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltek's price. Additionally, you may evaluate how the addition of Eltek to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
Is Eltek'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 Eltek. If investors know Eltek 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 Eltek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.598 | Dividend Share 0.22 | Earnings Share 1.07 | Revenue Per Share 7.911 | Quarterly Revenue Growth 0.176 |
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek'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 Eltek's market value can be influenced by many factors that don't directly affect Eltek'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 Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek'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.