Eltek Competitors
| ELTK Stock | USD 8.78 0.17 1.90% |
Eltek vs Deswell Industries Correlation
Very good diversification
The correlation between Eltek and DSWL is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eltek and DSWL in the same portfolio, assuming nothing else is changed.
Moving against Eltek Stock
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Eltek 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 Eltek 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 Eltek 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 Eltek Stock performing well and Eltek 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 Eltek'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SOTK | 1.81 | (0.19) | 0.00 | (3.13) | 0.00 | 3.50 | 12.22 | |||
| SOGP | 4.47 | 0.07 | 0.01 | 0.54 | 5.25 | 10.82 | 37.07 | |||
| TGE | 4.88 | (0.08) | 0.00 | 0.08 | 0.00 | 13.40 | 30.39 | |||
| WBX | 2.87 | (0.76) | 0.00 | (0.38) | 0.00 | 6.60 | 18.65 | |||
| QH | 6.12 | 0.44 | 0.07 | 0.16 | 6.51 | 21.00 | 65.89 | |||
| HOLO | 3.62 | (0.80) | 0.00 | (1.27) | 0.00 | 5.57 | 15.30 | |||
| REFR | 2.78 | (0.67) | 0.00 | (1.28) | 0.00 | 4.52 | 21.50 | |||
| LINK | 3.81 | (0.77) | 0.00 | 7.68 | 0.00 | 7.09 | 23.00 | |||
| MIND | 4.65 | (0.36) | 0.00 | (0.34) | 0.00 | 7.95 | 37.32 | |||
| DSWL | 1.99 | 0.03 | 0.01 | 0.07 | 2.93 | 4.75 | 23.97 |
Eltek Competitive Analysis
The better you understand Eltek competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Eltek'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 Eltek'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 |
Eltek Competition Performance Charts
Five steps to successful analysis of Eltek Competition
Eltek'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 Eltek in relation to its competition. Eltek's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Eltek 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 Eltek's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Eltek, 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 Eltek Correlation with its peers. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Stock space 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. Projected growth potential of Eltek fundamentally drives upward valuation adjustments. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Eltek assessment requires weighing all these inputs, though not all factors influence outcomes equally.
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.
It's important to distinguish between Eltek's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Eltek should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Eltek's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.