Elron Electronic (Israel) Price on February 8, 2024
| ELRN Stock | ILS 516.40 13.60 2.57% |
If you're considering investing in Elron Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elron Electronic stands at 516.40, as last reported on the 15th of May 2024, with the highest price reaching 530.00 and the lowest price hitting 510.30 during the day. Elron Electronic Ind secures Sharpe Ratio (or Efficiency) of -0.0141, which denotes the company had a -0.0141% return per unit of risk over the last 3 months. Elron Electronic Industries exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elron Electronic's Downside Deviation of 1.38, mean deviation of 1.12, and Coefficient Of Variation of 4544.96 to check the risk estimate we provide.
Elron Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elron |
Sharpe Ratio = -0.0141
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Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elron Electronic is not performing at its full potential. However, 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 Elron Electronic by adding Elron Electronic to a well-diversified portfolio.
Elron Electronic Valuation on February 8, 2024
It is possible to determine the worth of Elron Electronic on a given historical date. On February 8, 2024 Elron was worth 532.5 at the beginning of the trading date compared to the closed value of 534.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elron Electronic stock. Still, in general, we apply an absolute valuation method to find Elron Electronic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elron Electronic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elron Electronic's related companies.
| Open | High | Low | Close | Volume | |
| 534.30 | 539.20 | 530.00 | 539.20 | 13,448 | |
02/08/2024 | 532.50 | 539.20 | 532.50 | 534.80 | 24,173 |
| 520.50 | 535.00 | 513.80 | 513.80 | 31,240 |
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Elron Electronic Trading Date Momentum on February 8, 2024
| On February 12 2024 Elron Electronic Industries was traded for 513.80 at the closing time. The highest price during the trading period was 535.00 and the lowest recorded bid was listed for 513.80 . The volume for the day was 31.2 K. This history from February 12, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 3.93% . The overall trading delta to the current price is 3.70% . |
Elron Electronic Ind Fundamentals Correlations and Trends
By evaluating Elron Electronic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elron Electronic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elron financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elron Electronic Stock history
Elron Electronic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elron is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elron Electronic Ind will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elron Electronic stock prices may prove useful in developing a viable investing in Elron Electronic
Elron Electronic Industries Ltd., through its subsidiaries, provides technology products in the medical devices and cyber fields. Elron Electronic Industries Ltd. is a subsidiary of Discount Investment Corporation Limited. ELRON ELECTRONIC operates under Conglomerates classification in Israel and is traded on Tel Aviv Stock Exchange.
Elron Electronic Stock Technical Analysis
Elron Electronic 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.
Price Boundaries
Elron Electronic Period Price Range
Low | February 8, 2024
| High |
532.50 | 534.80 |
Elron Electronic May 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Elron Electronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elron Electronic shares will generate the highest return on investment. By undertsting and applying Elron Electronic stock market strength indicators, traders can identify Elron Electronic Industries entry and exit signals to maximize returns
Elron Electronic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elron Electronic's price direction in advance. Along with the technical and fundamental analysis of Elron Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elron to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | 0.0465 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.09) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elron Electronic Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Elron Stock analysis
When running Elron Electronic's price analysis, check to measure Elron Electronic'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 Elron Electronic is operating at the current time. Most of Elron Electronic's value examination focuses on studying past and present price action to predict the probability of Elron Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elron Electronic's price. Additionally, you may evaluate how the addition of Elron Electronic to your portfolios can decrease your overall portfolio volatility.
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