Elastic Nv Stock Performance
| ESTC Stock | USD 102.54 4.18 4.25% |
The firm shows a Beta (market volatility) of 0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elastic NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elastic NV is expected to be smaller as well. Elastic NV has an expected return of -0.18%. Please make sure to confirm Elastic NV treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if Elastic NV performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Elastic NV has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest inconsistent performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more
Actual Historical Performance (%)
One Day Return 3.47 | Five Day Return 7.13 | Year To Date Return (4.48) | Ten Year Return 45.39 | All Time Return 45.39 |
1 | Elastic Q3 Earnings on the Horizon Analysts Insights on Key Performance Measures | 02/26/2024 |
2 | Disposition of 2042 shares by Dodds Mark Eugene of Elastic NV at 103.28 subject to Rule 16b-3 | 03/11/2024 |
3 | Polar Capital Holdings Plc Has 11.65 Million Stock Holdings in Elastic | 03/12/2024 |
4 | 1 Artificial Intelligence Growth Stock Down 44 percent to Buy on the Dip in March | 03/18/2024 |
5 | Disposition of 122044 shares by Shay Banon of Elastic NV at 101.5 subject to Rule 16b-3 | 03/19/2024 |
6 | Disposition of 2709 shares by Shay Banon of Elastic NV at 102.61 subject to Rule 16b-3 | 03/20/2024 |
7 | Elastic N.V. CTO Shay Banon sells shares worth over 2 million By Investing.com - Investing.com | 03/22/2024 |
8 | Disposition of 815000 shares by Steven Schuurman of Elastic NV at 97.54 subject to Rule 16b-3 | 03/26/2024 |
9 | When Should You Buy Elastic N.V. | 03/27/2024 |
10 | Elastic N.V. chief legal officer sells shares worth over 19,000 | 03/29/2024 |
11 | Elasticsearch Open Inference API Supports Cohere Rerank 3 | 04/11/2024 |
12 | The Price Is Right For Elastic N.V. | 04/17/2024 |
13 | Q4 Rundown Confluent Vs Other Data Infrastructure Stocks | 04/22/2024 |
| Begin Period Cash Flow | 863.6 M | |
| Total Cashflows From Investing Activities | -273 M |
Elastic |
Elastic NV Relative Risk vs. Return Landscape
If you would invest 11,812 in Elastic NV on January 25, 2024 and sell it today you would lose (1,558) from holding Elastic NV or give up 13.19% of portfolio value over 90 days. Elastic NV is currently does not generate positive expected returns and assumes 2.8457% risk (volatility on return distribution) over the 90 days horizon. In different words, 25% of stocks are less volatile than Elastic, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Elastic NV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elastic NV's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Elastic NV, and traders can use it to determine the average amount a Elastic NV's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0644
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ESTC |
Estimated Market Risk
| 2.85 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elastic NV 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 Elastic NV by adding Elastic NV to a well-diversified portfolio.
Elastic NV Fundamentals Growth
Elastic Stock prices reflect investors' perceptions of the future prospects and financial health of Elastic NV, and Elastic NV fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Elastic Stock performance.
| Return On Equity | 0.1 | ||||
| Return On Asset | -0.0403 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | (0.08) % | ||||
| Current Valuation | 9.5 B | ||||
| Shares Outstanding | 100.81 M | ||||
| Price To Earning | (41.15) X | ||||
| Price To Book | 13.85 X | ||||
| Price To Sales | 8.09 X | ||||
| Revenue | 1.07 B | ||||
| Gross Profit | 773.21 M | ||||
| EBITDA | (140.19 M) | ||||
| Net Income | (236.16 M) | ||||
| Cash And Equivalents | 848.76 M | ||||
| Cash Per Share | 8.94 X | ||||
| Total Debt | 594.23 M | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 1.96 X | ||||
| Book Value Per Share | 7.02 X | ||||
| Cash Flow From Operations | 35.66 M | ||||
| Earnings Per Share | 0.52 X | ||||
| Market Capitalization | 9.92 B | ||||
| Total Asset | 1.74 B | ||||
| Retained Earnings | (1.05 B) | ||||
| Working Capital | 557.66 M | ||||
| Current Asset | 146.16 M | ||||
| Current Liabilities | 93.19 M | ||||
About Elastic NV Performance
To evaluate Elastic NV Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Elastic NV generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Elastic Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Elastic NV market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Elastic's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 82.48 | 134.97 | |
| Return On Tangible Assets | (0.15) | (0.16) | |
| Return On Capital Employed | (0.16) | (0.17) | |
| Return On Assets | (0.12) | (0.13) | |
| Return On Equity | (0.68) | (0.65) |
Things to note about Elastic NV performance evaluation
Checking the ongoing alerts about Elastic NV for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Elastic NV help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Elastic NV generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 1.07 B. Net Loss for the year was (236.16 M) with profit before overhead, payroll, taxes, and interest of 773.21 M. | |
| Elastic NV has a poor financial position based on the latest SEC disclosures | |
| Over 84.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Q4 Rundown Confluent Vs Other Data Infrastructure Stocks |
- Analyzing Elastic NV's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Elastic NV's stock is overvalued or undervalued compared to its peers.
- Examining Elastic NV's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Elastic NV's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Elastic NV's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Elastic NV's stock. These opinions can provide insight into Elastic NV's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elastic NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |
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.