Elanco Competitors
| ELAN Stock | USD 24.98 0.22 0.87% |
Elanco Animal vs Argenx NV Correlation
Very good diversification
The correlation between Elanco Animal Health and ARGX is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elanco Animal Health and ARGX in the same portfolio, assuming nothing else is changed.
Moving against Elanco Stock
| 0.65 | 21P | Aurora Cannabis | PairCorr |
| 0.4 | NXS | Next Science Earnings Call This Week | PairCorr |
| 0.32 | WEED | Canopy Growth Corp | PairCorr |
Elanco Animal Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elanco Animal and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Elanco and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Elanco Animal Health does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Elanco Stock performing well and Elanco Animal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Elanco Animal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COR | 1.21 | (0.05) | 0.00 | (0.27) | 0.00 | 2.01 | 10.81 | |||
| REGN | 1.41 | 0.00 | (0.01) | 0.07 | 1.48 | 3.19 | 8.44 | |||
| IDXX | 1.09 | (0.33) | 0.00 | (0.39) | 0.00 | 1.83 | 8.47 | |||
| HLN | 0.90 | 0.25 | 0.18 | 4.76 | 0.74 | 1.65 | 5.40 | |||
| CI | 1.18 | 0.01 | 0.00 | 0.08 | 1.25 | 2.56 | 7.36 | |||
| ELV | 1.52 | 0.00 | 0.01 | 0.07 | 2.95 | 3.20 | 19.95 | |||
| BDX | 1.20 | 0.25 | 0.24 | 0.32 | 0.69 | 3.22 | 7.13 | |||
| ARGX | 1.17 | (0.11) | 0.00 | 1.24 | 0.00 | 2.29 | 7.34 |
Cross Equities Net Income Analysis
Compare Elanco Animal Health and related stocks such as Cencora, Regeneron Pharmaceuticals, and IDEXX Laboratories Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDX | 88 M | 1.2 B | 1.3 B | 1.2 B | 695 M | 976 M | 1.1 B | 311 M | 1.2 B | 874 M | 2.1 B | 1.8 B | 1.5 B | 1.7 B | 1.7 B | 1.9 B | 2 B |
Elanco Animal Health and related stocks such as Cencora, Regeneron Pharmaceuticals, and IDEXX Laboratories Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Elanco Animal Health financial statement analysis. It represents the amount of money remaining after all of Elanco Animal Health operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Elanco Animal Competitive Analysis
The better you understand Elanco Animal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elanco Animal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Elanco Animal's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Elanco Animal Competition Performance Charts
Five steps to successful analysis of Elanco Animal Competition
Elanco Animal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Elanco Animal Health in relation to its competition. Elanco Animal's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Elanco Animal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Elanco Animal's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elanco Animal Health, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Elanco Animal Correlation with its peers. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Will Pharmaceuticals sector continue expanding? Could Elanco diversify its offerings? Factors like these will boost the valuation of Elanco Animal. Projected growth potential of Elanco fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Elanco Animal data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 1.167 | Earnings Share 0.07 | Revenue Per Share | Quarterly Revenue Growth 0.104 | Return On Assets |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Elanco Animal's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Elanco Animal should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Elanco Animal's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
