Elastic Intangible Assets vs Net Tangible Assets Analysis

ESTC Stock

USD 105.66 0.44 0.41%

Elastic NV financial indicator trend analysis is much more than just examining Elastic NV latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elastic NV is a good investment. Please check the relationship between Elastic NV Intangible Assets and its Net Tangible Assets accounts. 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.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elastic NV Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Elastic NV's Intangible Assets and Net Tangible Assets is 0.74. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Elastic NV, assuming nothing else is changed. The correlation between historical values of Elastic NV's Intangible Assets and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Elastic NV are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Elastic NV's Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Elastic NV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elastic NV current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At present, Elastic NV's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 5 B, whereas Selling General Administrative is forecasted to decline to about 88.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	630.2M	772.4M	888.2M	932.6M
Total Revenue	862.4M	1.1B	1.2B	1.3B

Gross Profit Total Revenue

Elastic NV fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		1.0	1.0	0.83	0.88	0.62	0.76	0.99	-0.15	-0.98	0.98	0.9	0.91	0.96	0.99	0.99	1.0	0.99	0.87	0.91	0.81	0.84	0.98	0.9	0.87	0.98
Other Current Liab	1.0		1.0	0.86	0.9	0.67	0.79	0.99	-0.19	-0.98	0.97	0.9	0.91	0.94	0.99	0.99	1.0	0.99	0.89	0.91	0.8	0.8	0.99	0.89	0.89	0.99
Total Current Liabilities	1.0	1.0		0.83	0.88	0.63	0.76	1.0	-0.14	-0.98	0.97	0.88	0.9	0.95	1.0	0.99	1.0	0.98	0.87	0.91	0.83	0.82	0.99	0.9	0.87	0.99
Total Stockholder Equity	0.83	0.86	0.83		0.96	0.91	0.91	0.84	-0.61	-0.87	0.72	0.88	0.91	0.67	0.81	0.8	0.83	0.85	0.99	0.83	0.46	0.43	0.9	0.8	0.99	0.9
Other Liab	0.88	0.9	0.88	0.96		0.79	0.94	0.88	-0.5	-0.91	0.78	0.92	0.97	0.73	0.86	0.83	0.88	0.91	0.96	0.93	0.51	0.54	0.92	0.88	0.96	0.92
Net Tangible Assets	0.62	0.67	0.63	0.91	0.79		0.75	0.64	-0.78	-0.65	0.48	0.67	0.66	0.43	0.59	0.59	0.63	0.62	0.89	0.54	0.27	0.12	0.74	0.55	0.88	0.74
Property Plant And Equipment Net	0.76	0.79	0.76	0.91	0.94	0.75		0.76	-0.55	-0.79	0.65	0.78	0.9	0.58	0.73	0.69	0.76	0.85	0.87	0.83	0.36	0.39	0.82	0.71	0.86	0.82
Current Deferred Revenue	0.99	0.99	1.0	0.84	0.88	0.64	0.76		-0.15	-0.98	0.97	0.88	0.9	0.95	1.0	0.98	1.0	0.98	0.87	0.91	0.82	0.81	0.99	0.9	0.87	0.99
Net Debt	-0.15	-0.19	-0.14	-0.61	-0.5	-0.78	-0.55	-0.15		0.19	0.05	-0.36	-0.32	0.08	-0.12	-0.09	-0.14	-0.19	-0.54	-0.16	0.37	0.34	-0.27	-0.13	-0.54	-0.27
Retained Earnings	-0.98	-0.98	-0.98	-0.87	-0.91	-0.65	-0.79	-0.98	0.19		-0.95	-0.92	-0.94	-0.93	-0.98	-0.97	-0.98	-0.97	-0.9	-0.93	-0.78	-0.79	-0.98	-0.93	-0.9	-0.98
Accounts Payable	0.98	0.97	0.97	0.72	0.78	0.48	0.65	0.97	0.05	-0.95		0.85	0.85	0.99	0.97	0.99	0.97	0.95	0.77	0.87	0.88	0.91	0.94	0.87	0.78	0.94
Cash	0.9	0.9	0.88	0.88	0.92	0.67	0.78	0.88	-0.36	-0.92	0.85		0.95	0.85	0.89	0.9	0.88	0.89	0.92	0.9	0.55	0.71	0.89	0.91	0.93	0.89
Non Current Assets Total	0.91	0.91	0.9	0.91	0.97	0.66	0.9	0.9	-0.32	-0.94	0.85	0.95		0.81	0.89	0.88	0.9	0.94	0.93	0.97	0.6	0.67	0.91	0.94	0.92	0.91
Non Currrent Assets Other	0.96	0.94	0.95	0.67	0.73	0.43	0.58	0.95	0.08	-0.93	0.99	0.85	0.81		0.96	0.98	0.95	0.92	0.74	0.84	0.87	0.94	0.91	0.87	0.74	0.91
Other Assets	0.99	0.99	1.0	0.81	0.86	0.59	0.73	1.0	-0.12	-0.98	0.97	0.89	0.89	0.96		0.99	1.0	0.97	0.85	0.9	0.82	0.85	0.98	0.91	0.85	0.98
Cash And Short Term Investments	0.99	0.99	0.99	0.8	0.83	0.59	0.69	0.98	-0.09	-0.97	0.99	0.9	0.88	0.98	0.99		0.99	0.96	0.84	0.88	0.83	0.87	0.97	0.89	0.85	0.97
Net Receivables	1.0	1.0	1.0	0.83	0.88	0.63	0.76	1.0	-0.14	-0.98	0.97	0.88	0.9	0.95	1.0	0.99		0.98	0.87	0.9	0.83	0.82	0.99	0.9	0.87	0.99
Good Will	0.99	0.99	0.98	0.85	0.91	0.62	0.85	0.98	-0.19	-0.97	0.95	0.89	0.94	0.92	0.97	0.96	0.98		0.87	0.93	0.75	0.8	0.98	0.88	0.87	0.98
Common Stock Total Equity	0.87	0.89	0.87	0.99	0.96	0.89	0.87	0.87	-0.54	-0.9	0.77	0.92	0.93	0.74	0.85	0.84	0.87	0.87		0.85	0.53	0.5	0.92	0.86	1.0	0.92
Common Stock Shares Outstanding	0.91	0.91	0.91	0.83	0.93	0.54	0.83	0.91	-0.16	-0.93	0.87	0.9	0.97	0.84	0.9	0.88	0.9	0.93	0.85		0.69	0.74	0.9	0.95	0.85	0.9
Short Term Investments	0.81	0.8	0.83	0.46	0.51	0.27	0.36	0.82	0.37	-0.78	0.88	0.55	0.6	0.87	0.82	0.83	0.83	0.75	0.53	0.69		0.84	0.76	0.72	0.52	0.76
Non Current Liabilities Total	0.84	0.8	0.82	0.43	0.54	0.12	0.39	0.81	0.34	-0.79	0.91	0.71	0.67	0.94	0.85	0.87	0.82	0.8	0.5	0.74	0.84		0.73	0.75	0.51	0.73
Capital Surpluse	0.98	0.99	0.99	0.9	0.92	0.74	0.82	0.99	-0.27	-0.98	0.94	0.89	0.91	0.91	0.98	0.97	0.99	0.98	0.92	0.9	0.76	0.73		0.88	0.92	1.0
Inventory	0.9	0.89	0.9	0.8	0.88	0.55	0.71	0.9	-0.13	-0.93	0.87	0.91	0.94	0.87	0.91	0.89	0.9	0.88	0.86	0.95	0.72	0.75	0.88		0.86	0.88
Other Current Assets	0.87	0.89	0.87	0.99	0.96	0.88	0.86	0.87	-0.54	-0.9	0.78	0.93	0.92	0.74	0.85	0.85	0.87	0.87	1.0	0.85	0.52	0.51	0.92	0.86		0.92
Other Stockholder Equity	0.98	0.99	0.99	0.9	0.92	0.74	0.82	0.99	-0.27	-0.98	0.94	0.89	0.91	0.91	0.98	0.97	0.99	0.98	0.92	0.9	0.76	0.73	1.0	0.88	0.92

Click cells to compare fundamentals

Elastic NV Account Relationship Matchups

Elastic NV fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	803.9M	973.2M	1.6B	1.7B	2.0B	2.1B
Other Current Liab	70.6M	81.4M	121.9M	140.0M	161.0M	169.1M
Total Current Liabilities	321.4M	450.0M	593.3M	716.6M	824.1M	865.3M
Total Stockholder Equity	413.6M	450.8M	415.4M	398.9M	458.7M	260.8M
Other Liab	41.0M	52.7M	51.2M	46.5M	53.5M	36.0M
Net Tangible Assets	165.3M	215.7M	65.7M	66.2M	76.1M	66.8M
Property Plant And Equipment Net	40.5M	34.3M	32.6M	25.1M	28.9M	23.1M
Current Deferred Revenue	231.7M	352.8M	431.8M	528.7M	608.0M	638.4M
Net Debt	(261.6M)	(372.6M)	(266.7M)	(49.9M)	(44.9M)	(47.2M)
Retained Earnings	(484.3M)	(613.3M)	(817.2M)	(1.1B)	(948.0M)	(900.6M)
Accounts Payable	11.5M	7.2M	28.4M	35.2M	40.4M	42.4M
Cash	297.1M	400.8M	860.9M	644.2M	740.8M	410.4M
Non Current Assets Total	323.7M	336.0M	479.2M	469.2M	539.6M	273.2M
Non Currrent Assets Other	7.6M	12.5M	91.1M	104.0M	119.5M	125.5M
Other Assets	34.8M	66.5M	96.9M	111.4M	128.1M	134.5M
Cash And Short Term Investments	297.1M	400.8M	860.9M	915.2M	1.1B	1.1B
Net Receivables	128.7M	160.4M	215.2M	260.9M	300.1M	315.1M
Good Will	197.9M	198.9M	303.9M	303.6M	349.2M	366.6M
Common Stock Total Equity	856K	948K	990K	1.0M	1.2M	728.5K
Common Stock Shares Outstanding	78.8M	87.2M	92.5M	95.7M	110.1M	83.8M
Short Term Investments	0.0	1.3M	1.9M	271.0M	311.7M	327.3M
Liabilities And Stockholders Equity	803.9M	973.2M	1.6B	1.7B	2.0B	2.1B
Non Current Liabilities Total	68.8M	72.3M	634.2M	628.0M	722.2M	758.3M
Capital Surpluse	898.8M	1.1B	1.3B	1.5B	1.7B	1.8B
Inventory	21.8M	39.0M	46.3M	58.3M	67.0M	35.0M
Other Current Assets	32.6M	37.0M	41.2M	39.9M	45.8M	29.5M
Other Stockholder Equity	898.4M	1.1B	1.2B	1.5B	1.7B	1.8B
Total Liab	390.3M	522.3M	1.2B	1.3B	1.5B	1.6B
Deferred Long Term Liab	24.0M	50.3M	74.4M	95.9M	110.3M	115.8M
Net Invested Capital	413.6M	450.8M	982.0M	966.4M	1.1B	1.2B
Property Plant And Equipment Gross	40.5M	34.3M	32.6M	25.1M	28.9M	23.1M
Total Current Assets	480.2M	637.2M	1.2B	1.3B	1.5B	1.5B
Accumulated Other Comprehensive Income	(1.4M)	(8.1M)	(18.1M)	(20.0M)	(18.0M)	(17.1M)
Non Current Liabilities Other	13.0M	72.3M	17.6M	12.2M	14.1M	20.3M
Net Working Capital	158.8M	187.2M	570.4M	557.7M	641.3M	673.4M
Short Term Debt	7.6M	8.5M	11.2M	12.7M	11.5M	9.4M
Intangible Assets	50.5M	36.3M	45.8M	29.1M	33.5M	28.2M
Common Stock	856K	948K	990K	1.0M	1.2M	728.5K
Property Plant Equipment	40.5M	8.9M	32.6M	5.1M	5.9M	5.6M

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.

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

0.88	U	Unity Software Aggressive Push	Pair Corr
0.72	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr

Moving against Elastic Stock

0.86	ML	MoneyLion Financial Report 14th of May 2024	Pair Corr
0.83	VERX	Vertex Financial Report 8th of May 2024	Pair Corr
0.75	DOCU	DocuSign Financial Report 13th of June 2024	Pair Corr
0.72	DUOL	Duolingo Financial Report 14th of May 2024	Pair Corr
0.65	DJCO	Daily Journal Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Elastic NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elastic NV's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elastic Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elastic Nv Stock:

How To Invest In Elastic

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Is Elastic Stock a good investment?

Details

What is Elastic NV's Net Worth?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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 Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
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	Fundamental Analysis View fundamental data based on most recent published financial statements

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.

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Elastic Intangible Assets vs Net Tangible Assets Analysis

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Intangible Assets

Net Tangible Assets

Elastic NV fundamental ratios Correlations

Elastic NV Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elastic NV fundamental ratios Accounts

Elastic NV Investors Sentiment

Pair Trading with Elastic NV

Moving together with Elastic Stock

Moving against Elastic Stock

Complementary Tools for Elastic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Net Receivables	+ 1.0	Other Current Liab
Current Deferred Revenue	+ 1.0	Total Current Liabilities

Other Stockholder Equity	- 0.98	Retained Earnings
Capital Surpluse	- 0.98	Retained Earnings
Net Receivables	- 0.98	Retained Earnings
Other Assets	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Current Deferred Revenue
Retained Earnings	- 0.98	Total Current Liabilities