Elastic Nv Stock Probability of Future Stock Price Finishing Over 108.21
| ESTC Stock | USD 108.21 3.02 2.72% |
Closest to current price Elastic long CALL Option Payoff at Expiration
Elastic |
Elastic NV Target Price Odds to finish over 108.21
The tendency of Elastic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 108.21 | 90 days | 108.21 | about 46.16 |
Based on a normal probability distribution, the odds of Elastic NV to move above the current price in 90 days from now is about 46.16 (This Elastic NV probability density function shows the probability of Elastic Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Elastic NV has a beta of 0.84 suggesting as returns on the market go up, Elastic NV average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elastic NV will be expected to be much smaller as well. Additionally Elastic NV has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Elastic NV Price Density |
| Price |
Predictive Modules for Elastic NV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elastic NV. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elastic NV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Elastic NV Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elastic NV is not an exception. The market had few large corrections towards the Elastic NV's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Elastic NV, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elastic NV within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.3 | |
β | Beta against NYSE Composite | 0.84 | |
σ | Overall volatility | 10.80 | |
Ir | Information ratio | -0.12 |
Elastic NV Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Elastic NV for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elastic NV can help investors quickly react to important events or material 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 85.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Elastic to Announce Fourth Quarter and Fiscal 2024 Earnings Results on Thursday, May 30, 2024 |
Elastic NV Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Elastic Stock often depends not only on the future outlook of the current and potential Elastic NV's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Elastic NV's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 95.7 M | |
| Cash And Short Term Investments | 915.2 M |
Elastic NV Technical Analysis
Elastic NV's future price can be derived by breaking down and analyzing its technical indicators over time. Elastic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elastic NV. In general, you should focus on analyzing Elastic Stock price patterns and their correlations with different microeconomic environments and drivers.
Elastic NV Predictive Forecast Models
Elastic NV's time-series forecasting models is one of many Elastic NV's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Elastic NV's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Elastic NV
Checking the ongoing alerts about Elastic NV for important developments is a great way to find new opportunities for your next move. Our 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 85.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Elastic to Announce Fourth Quarter and Fiscal 2024 Earnings Results on Thursday, May 30, 2024 |
Check out Elastic NV Backtesting, Elastic NV Valuation, Elastic NV Correlation, Elastic NV Hype Analysis, Elastic NV Volatility, Elastic NV History as well as Elastic NV Performance. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Stocks Directory Find actively traded stocks across global markets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |
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.