Elastic Reconciled Depreciation vs Operating Income Analysis

ESTC Stock  USD 107.43  2.64  2.52%   
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 Reconciled Depreciation and its Operating Income 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.

Reconciled Depreciation vs Operating Income

Reconciled Depreciation vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elastic NV Reconciled Depreciation account and Operating Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Elastic NV's Reconciled Depreciation and Operating Income is -0.92. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Operating Income 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 Reconciled Depreciation and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of Elastic NV are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Reconciled Depreciation i.e., Elastic NV's Reconciled Depreciation and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Reconciled Depreciation

Operating Income

Operating Income is the amount of profit realized from Elastic NV operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Elastic NV is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
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 Profit630.2M772.4M888.2M932.6M
Total Revenue862.4M1.1B1.2B1.3B

Elastic NV fundamental ratios Correlations

1.01.00.830.880.620.760.99-0.15-0.980.980.90.910.960.990.991.00.990.870.910.810.840.980.90.870.98
1.01.00.860.90.670.790.99-0.19-0.980.970.90.910.940.990.991.00.990.890.910.80.80.990.890.890.99
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0.830.860.830.960.910.910.84-0.61-0.870.720.880.910.670.810.80.830.850.990.830.460.430.90.80.990.9
0.880.90.880.960.790.940.88-0.5-0.910.780.920.970.730.860.830.880.910.960.930.510.540.920.880.960.92
0.620.670.630.910.790.750.64-0.78-0.650.480.670.660.430.590.590.630.620.890.540.270.120.740.550.880.74
0.760.790.760.910.940.750.76-0.55-0.790.650.780.90.580.730.690.760.850.870.830.360.390.820.710.860.82
0.990.991.00.840.880.640.76-0.15-0.980.970.880.90.951.00.981.00.980.870.910.820.810.990.90.870.99
-0.15-0.19-0.14-0.61-0.5-0.78-0.55-0.150.190.05-0.36-0.320.08-0.12-0.09-0.14-0.19-0.54-0.160.370.34-0.27-0.13-0.54-0.27
-0.98-0.98-0.98-0.87-0.91-0.65-0.79-0.980.19-0.95-0.92-0.94-0.93-0.98-0.97-0.98-0.97-0.9-0.93-0.78-0.79-0.98-0.93-0.9-0.98
0.980.970.970.720.780.480.650.970.05-0.950.850.850.990.970.990.970.950.770.870.880.910.940.870.780.94
0.90.90.880.880.920.670.780.88-0.36-0.920.850.950.850.890.90.880.890.920.90.550.710.890.910.930.89
0.910.910.90.910.970.660.90.9-0.32-0.940.850.950.810.890.880.90.940.930.970.60.670.910.940.920.91
0.960.940.950.670.730.430.580.950.08-0.930.990.850.810.960.980.950.920.740.840.870.940.910.870.740.91
0.990.991.00.810.860.590.731.0-0.12-0.980.970.890.890.960.991.00.970.850.90.820.850.980.910.850.98
0.990.990.990.80.830.590.690.98-0.09-0.970.990.90.880.980.990.990.960.840.880.830.870.970.890.850.97
1.01.01.00.830.880.630.761.0-0.14-0.980.970.880.90.951.00.990.980.870.90.830.820.990.90.870.99
0.990.990.980.850.910.620.850.98-0.19-0.970.950.890.940.920.970.960.980.870.930.750.80.980.880.870.98
0.870.890.870.990.960.890.870.87-0.54-0.90.770.920.930.740.850.840.870.870.850.530.50.920.861.00.92
0.910.910.910.830.930.540.830.91-0.16-0.930.870.90.970.840.90.880.90.930.850.690.740.90.950.850.9
0.810.80.830.460.510.270.360.820.37-0.780.880.550.60.870.820.830.830.750.530.690.840.760.720.520.76
0.840.80.820.430.540.120.390.810.34-0.790.910.710.670.940.850.870.820.80.50.740.840.730.750.510.73
0.980.990.990.90.920.740.820.99-0.27-0.980.940.890.910.910.980.970.990.980.920.90.760.730.880.921.0
0.90.890.90.80.880.550.710.9-0.13-0.930.870.910.940.870.910.890.90.880.860.950.720.750.880.860.88
0.870.890.870.990.960.880.860.87-0.54-0.90.780.930.920.740.850.850.870.871.00.850.520.510.920.860.92
0.980.990.990.90.920.740.820.99-0.27-0.980.940.890.910.910.980.970.990.980.920.90.760.731.00.880.92
Click cells to compare fundamentals

Elastic NV Account Relationship Matchups

Elastic NV fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets803.9M973.2M1.6B1.7B2.0B2.1B
Other Current Liab70.6M81.4M121.9M140.0M161.0M169.1M
Total Current Liabilities321.4M450.0M593.3M716.6M824.1M865.3M
Total Stockholder Equity413.6M450.8M415.4M398.9M458.7M260.8M
Other Liab41.0M52.7M51.2M46.5M53.5M36.0M
Net Tangible Assets165.3M215.7M65.7M66.2M76.1M66.8M
Property Plant And Equipment Net40.5M34.3M32.6M25.1M28.9M23.1M
Current Deferred Revenue231.7M352.8M431.8M528.7M608.0M638.4M
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 Payable11.5M7.2M28.4M35.2M40.4M42.4M
Cash297.1M400.8M860.9M644.2M740.8M410.4M
Non Current Assets Total323.7M336.0M479.2M469.2M539.6M273.2M
Non Currrent Assets Other7.6M12.5M91.1M104.0M119.5M125.5M
Other Assets34.8M66.5M96.9M111.4M128.1M134.5M
Cash And Short Term Investments297.1M400.8M860.9M915.2M1.1B1.1B
Net Receivables128.7M160.4M215.2M260.9M300.1M315.1M
Good Will197.9M198.9M303.9M303.6M349.2M366.6M
Common Stock Total Equity856K948K990K1.0M1.2M728.5K
Common Stock Shares Outstanding78.8M87.2M92.5M95.7M110.1M83.8M
Short Term Investments0.01.3M1.9M271.0M311.7M327.3M
Liabilities And Stockholders Equity803.9M973.2M1.6B1.7B2.0B2.1B
Non Current Liabilities Total68.8M72.3M634.2M628.0M722.2M758.3M
Capital Surpluse898.8M1.1B1.3B1.5B1.7B1.8B
Inventory21.8M39.0M46.3M58.3M67.0M35.0M
Other Current Assets32.6M37.0M41.2M39.9M45.8M29.5M
Other Stockholder Equity898.4M1.1B1.2B1.5B1.7B1.8B
Total Liab390.3M522.3M1.2B1.3B1.5B1.6B
Deferred Long Term Liab24.0M50.3M74.4M95.9M110.3M115.8M
Net Invested Capital413.6M450.8M982.0M966.4M1.1B1.2B
Property Plant And Equipment Gross40.5M34.3M32.6M25.1M28.9M23.1M
Total Current Assets480.2M637.2M1.2B1.3B1.5B1.5B
Accumulated Other Comprehensive Income(1.4M)(8.1M)(18.1M)(20.0M)(18.0M)(17.1M)
Non Current Liabilities Other13.0M72.3M17.6M12.2M14.1M20.3M
Net Working Capital158.8M187.2M570.4M557.7M641.3M673.4M
Short Term Debt7.6M8.5M11.2M12.7M11.5M9.4M
Intangible Assets50.5M36.3M45.8M29.1M33.5M28.2M
Common Stock856K948K990K1.0M1.2M728.5K
Property Plant Equipment40.5M8.9M32.6M5.1M5.9M5.6M

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.

Elastic NV Implied Volatility

    
  45.54  
Elastic NV's implied volatility exposes the market's sentiment of Elastic NV stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Elastic NV's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Elastic NV stock will not fluctuate a lot when Elastic NV's options are near their expiration.
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

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Moving against Elastic Stock

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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 CorrelationCorrelation 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:
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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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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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.