Elbit Systems Stock Market Value
| ESLT Stock | USD 203.21 1.14 0.56% |
| Symbol | Elbit |
Elbit Systems Price To Book Ratio
Is Elbit Systems' 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 Elbit Systems. If investors know Elbit 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 Elbit Systems 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 (0.65) | Dividend Share 2 | Earnings Share 4.82 | Revenue Per Share 134.642 | Quarterly Revenue Growth 0.079 |
The market value of Elbit Systems is measured differently than its book value, which is the value of Elbit that is recorded on the company's balance sheet. Investors also form their own opinion of Elbit Systems' value that differs from its market value or its book value, called intrinsic value, which is Elbit Systems' 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 Elbit Systems' market value can be influenced by many factors that don't directly affect Elbit Systems' 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 Elbit Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elbit Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elbit Systems' 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.
Elbit Systems 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Elbit Systems' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Elbit Systems.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Elbit Systems on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Elbit Systems or generate 0.0% return on investment in Elbit Systems over 720 days. Elbit Systems is related to or competes with Novocure, HubSpot, DigitalOcean Holdings, Appian Corp, and Repligen. Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, ... More
Elbit Systems Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Elbit Systems' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Elbit Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.08 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 3.13 |
Elbit Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elbit Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elbit Systems' standard deviation. In reality, there are many statistical measures that can use Elbit Systems historical prices to predict the future Elbit Systems' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elbit Systems' 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.
Elbit Systems Backtested Returns
Elbit Systems secures Sharpe Ratio (or Efficiency) of -0.0018, which denotes the company had a -0.0018% return per unit of standard deviation over the last 3 months. Elbit Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elbit Systems' Coefficient Of Variation of (6,580), mean deviation of 1.15, and Standard Deviation of 1.51 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.8, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elbit Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Elbit Systems is expected to be smaller as well. Elbit Systems has an expected return of -0.0027%. Please make sure to confirm Elbit Systems total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if Elbit Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Elbit Systems has insignificant reverse predictability. Overlapping area represents the amount of predictability between Elbit Systems time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elbit Systems price movement. The serial correlation of -0.18 indicates that over 18.0% of current Elbit Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 60.37 |
Elbit Systems lagged returns against current returns
Autocorrelation, which is Elbit Systems stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Elbit Systems' stock expected returns. We can calculate the autocorrelation of Elbit Systems returns to help us make a trade decision. For example, suppose you find that Elbit Systems has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Elbit Systems regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Elbit Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elbit Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elbit Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Elbit Systems Lagged Returns
When evaluating Elbit Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elbit Systems stock have on its future price. Elbit Systems autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Elbit Systems autocorrelation shows the relationship between Elbit Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Elbit Systems.
Regressed Prices |
| Timeline |
Elbit Systems Investors Sentiment
The influence of Elbit Systems' 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 Elbit. 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 Elbit Systems' public news can be used to forecast risks associated with an investment in Elbit. The trend in average sentiment can be used to explain how an investor holding Elbit can time the market purely based on public headlines and social activities around Elbit Systems. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Elbit Systems' 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 Elbit Systems' 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 Elbit Systems' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Elbit Systems.
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 Elbit Systems 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, Elbit Systems' short interest history, or implied volatility extrapolated from Elbit Systems options trading.
Pair Trading with Elbit Systems
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 Elbit Systems 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 Elbit Systems will appreciate offsetting losses from the drop in the long position's value.Moving against Elbit Stock
| 0.52 | DCO | Ducommun Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.46 | EH | Ehang Holdings | PairCorr |
| 0.43 | VTSI | VirTra Inc Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Elbit Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elbit Systems 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 Elbit Systems - 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 Elbit Systems to buy it.
The correlation of Elbit Systems 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 Elbit Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elbit Systems 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 Elbit Systems 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.Check out Elbit Systems Correlation, Elbit Systems Volatility and Elbit Systems Alpha and Beta module to complement your research on Elbit Systems. For more information on how to buy Elbit Stock please use our How to Invest in Elbit Systems guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Elbit Stock analysis
When running Elbit Systems' price analysis, check to measure Elbit Systems' 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 Elbit Systems is operating at the current time. Most of Elbit Systems' value examination focuses on studying past and present price action to predict the probability of Elbit Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elbit Systems' price. Additionally, you may evaluate how the addition of Elbit Systems to your portfolios can decrease your overall portfolio volatility.
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Elbit Systems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.