Eltek Stock Market Value
| ELTK Stock | USD 10.90 0.06 0.55% |
| Symbol | Eltek |
Eltek Price To Book Ratio
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.
Eltek '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 Eltek's 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 Eltek.
| 04/21/2024 |
| 05/21/2024 |
If you would invest 0.00 in Eltek on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Eltek or generate 0.0% return on investment in Eltek over 30 days. Eltek is related to or competes with Richardson Electronics, Interlink Electronics, Ouster, MicroCloud Hologram, and Daktronics. Eltek Ltd. manufactures, markets, and sells printed circuit boards in Israel, Europe, North America, India, the Netherla... More
Eltek 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 Eltek's 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 Eltek upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 29.19 | |||
| Value At Risk | (4.40) | |||
| Potential Upside | 5.16 |
Eltek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eltek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eltek's standard deviation. In reality, there are many statistical measures that can use Eltek historical prices to predict the future Eltek's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | 1.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eltek'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.
Eltek Backtested Returns
Eltek secures Sharpe Ratio (or Efficiency) of -0.0584, which denotes the company had a -0.0584% return per unit of risk over the last 3 months. Eltek exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eltek's Mean Deviation of 2.56, standard deviation of 4.07, and Variance of 16.56 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eltek are expected to decrease at a much lower rate. During the bear market, Eltek is likely to outperform the market. Eltek has an expected return of -0.23%. Please make sure to confirm Eltek treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Eltek performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Eltek has very good reverse predictability. Overlapping area represents the amount of predictability between Eltek time series from 21st of April 2024 to 6th of May 2024 and 6th of May 2024 to 21st of May 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 Eltek price movement. The serial correlation of -0.66 indicates that around 66.0% of current Eltek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Eltek lagged returns against current returns
Autocorrelation, which is Eltek 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 Eltek's stock expected returns. We can calculate the autocorrelation of Eltek returns to help us make a trade decision. For example, suppose you find that Eltek 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 |
Eltek 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 Eltek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eltek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eltek stock over time.
Current vs Lagged Prices |
| Timeline |
Eltek Lagged Returns
When evaluating Eltek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eltek stock have on its future price. Eltek 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, Eltek autocorrelation shows the relationship between Eltek stock current value and its past values and can show if there is a momentum factor associated with investing in Eltek.
Regressed Prices |
| Timeline |
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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 Eltek Correlation, Eltek Volatility and Eltek Alpha and Beta module to complement your research on Eltek. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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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Eltek 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.