Elastic Competitors
| ESTC Stock | USD 65.93 1.79 2.64% |
Elastic NV vs Pegasystems Correlation
Very weak diversification
The correlation between Elastic NV and PEGA is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elastic NV and PEGA in the same portfolio, assuming nothing else is changed.
Moving together with Elastic Stock
| 0.72 | DT | Dynatrace Holdings LLC Earnings Call Tomorrow | PairCorr |
Moving against Elastic Stock
| 0.66 | API | Agora Inc | PairCorr |
| 0.62 | MGIC | Magic Software Enter | PairCorr |
| 0.6 | LTCH | Latch Inc | PairCorr |
| 0.58 | MTC | MMTEC Inc Upward Rally | PairCorr |
| 0.54 | ONTF | ON24 Inc | PairCorr |
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 Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elastic NV 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 Elastic 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 Elastic NV 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 Elastic Stock performing well and Elastic NV 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 Elastic NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OTEX | 1.37 | (0.74) | 0.00 | (0.73) | 0.00 | 1.45 | 7.58 | |||
| APPF | 1.64 | (0.38) | 0.00 | (0.25) | 0.00 | 3.09 | 16.26 | |||
| IDCC | 1.91 | (0.16) | 0.00 | (0.75) | 0.00 | 3.53 | 17.55 | |||
| PAYC | 1.52 | (0.63) | 0.00 | (0.58) | 0.00 | 2.32 | 11.72 | |||
| TTAN | 2.21 | (0.42) | 0.00 | (1.16) | 0.00 | 3.59 | 21.98 | |||
| DAY | 0.12 | 0.00 | (0.28) | 0.02 | 0.09 | 0.29 | 0.71 | |||
| PCOR | 1.73 | (0.43) | 0.00 | (0.43) | 0.00 | 2.53 | 19.25 | |||
| NICE | 1.74 | (0.36) | 0.00 | (0.29) | 0.00 | 3.22 | 18.80 | |||
| MNDY | 2.26 | (0.85) | 0.00 | (2.54) | 0.00 | 3.19 | 17.07 | |||
| PEGA | 1.95 | (0.63) | 0.00 | (0.71) | 0.00 | 4.17 | 15.04 |
Cross Equities Net Income Analysis
Compare Elastic NV and related stocks such as Open Text Corp, Appfolio, and InterDigital Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OTEX | (43.2 M) | 123.2 M | 141.4 M | 219.1 M | 220 M | 290.5 M | 1 B | 233.9 M | 289.2 M | 230.9 M | 321.9 M | 390.3 M | 152 M | 460.5 M | 446.6 M | 513.6 M | 539.2 M |
| APPF | (7.3 M) | (7.3 M) | (7.3 M) | (7.3 M) | (8.6 M) | (15.7 M) | (8.3 M) | 9.7 M | 20 M | 36.3 M | 158.4 M | 1 M | (68.1 M) | 2.7 M | 204.1 M | 140.9 M | 148 M |
| IDCC | (7.9 M) | 89.5 M | 271.8 M | 38.2 M | 104.3 M | 119.2 M | 309 M | 174.3 M | 63.9 M | 20.9 M | 44.8 M | 55.3 M | 93.7 M | 214.1 M | 358.6 M | 412.4 M | 433 M |
| PAYC | 1.4 M | 1.4 M | (406 K) | 7.7 M | 5.7 M | 20.9 M | 43.8 M | 66.8 M | 137.1 M | 180.6 M | 143.5 M | 196 M | 281.4 M | 340.8 M | 502 M | 577.3 M | 606.2 M |
| TTAN | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (269.5 M) | (195.1 M) | (239.1 M) | (275 M) | (288.7 M) |
| DAY | (104.7 M) | (104.7 M) | (104.7 M) | (104.7 M) | (104.7 M) | (104.7 M) | (92.9 M) | (9.2 M) | (60.6 M) | 78.7 M | (4 M) | (75.4 M) | (73.4 M) | 54.8 M | 18.1 M | 20.8 M | 21.9 M |
| PCOR | (55.5 M) | (55.5 M) | (55.5 M) | (55.5 M) | (55.5 M) | (55.5 M) | (55.5 M) | (55.5 M) | (56.7 M) | (83.1 M) | (96.2 M) | (265.2 M) | (286.9 M) | (189.7 M) | (106 M) | (95.4 M) | (100.1 M) |
| NICE | 300 K | 57.3 M | 67.9 M | 55.3 M | 103.1 M | 258.8 M | 116.9 M | 143.3 M | 159.3 M | 185.9 M | 196.3 M | 199.2 M | 265.9 M | 338.3 M | 442.6 M | 509 M | 534.4 M |
| MNDY | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (91.6 M) | (152.2 M) | (129.3 M) | (136.9 M) | (1.9 M) | 32.4 M | 37.2 M | 39.1 M |
| PEGA | 2.9 M | 10.1 M | 21.9 M | 38 M | 33.3 M | 36.3 M | 27 M | 32.9 M | 10.6 M | (90.4 M) | (61.4 M) | (63 M) | (345.6 M) | 67.8 M | 99.2 M | 89.3 M | 93.7 M |
Elastic NV and related stocks such as Open Text Corp, Appfolio, and InterDigital Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Elastic NV financial statement analysis. It represents the amount of money remaining after all of Elastic NV operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Elastic NV Competitive Analysis
The better you understand Elastic NV competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elastic NV'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 Elastic NV'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 |
Elastic NV Competition Performance Charts
Five steps to successful analysis of Elastic NV Competition
Elastic NV'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 Elastic NV in relation to its competition. Elastic NV's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Elastic NV 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 Elastic NV's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elastic NV, 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 Elastic NV Correlation with its peers. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Will Application Software sector continue expanding? Could Elastic diversify its offerings? Factors like these will boost the valuation of Elastic NV. Projected growth potential of Elastic fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Elastic NV data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (1.02) | Revenue Per Share | Quarterly Revenue Growth 0.159 | Return On Assets | Return On Equity |
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. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. 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.
It's important to distinguish between Elastic NV's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Elastic NV should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Elastic NV's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.