Eltek Stock Forecast - Rate Of Daily Change
| ELTK Stock | USD 10.90 0.06 0.55% |
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.
Rate Of Daily Change (RDOC) indicator calculates rate of change of a given period over the current closing price of Eltek.| Previous Rate Of Daily Change | Rate Of Daily Change | Trend |
| 0.99 | 1.01 |
| Check Eltek Volatility | Backtest Eltek | Information Ratio |
Eltek Trading Date Momentum
| On May 20 2024 Eltek was traded for 10.90 at the closing time. The top price for the day was 11.05 and the lowest listed price was 10.52 . The trading volume for the day was 30.2 K. The trading history from May 20, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.83% . |
The rate of daily change can indicate whether a given asset was oversold or over brought during a given period.
| 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.Eltek Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eltek stock to make a market-neutral strategy. Peer analysis of Eltek could also be used in its relative valuation, which is a method of valuing Eltek by comparing valuation metrics with similar companies.
| 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 | 2.56 | |||
| Standard Deviation | 4.07 | |||
| Variance | 16.56 |
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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Eltek using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.
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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.