Eltek Stock Forward View
| ELTK Stock | USD 8.78 0.17 1.90% |
Eltek Stock outlook is based on your current time horizon. Although Eltek's naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of Eltek's systematic risk associated with finding meaningful patterns of Eltek fundamentals over time.
As of now, the relative strength index (RSI) of Eltek's share price is approaching 41 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Eltek, making its price go up or down. Momentum 41
Sell Extended
Oversold | Overbought |
Quarterly Earnings Growth (0.55) | Wall Street Target Price 18 | Quarterly Revenue Growth (0.02) |
Using Eltek hype-based prediction, you can estimate the value of Eltek from the perspective of Eltek response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Eltek on the next trading day is expected to be 8.74 with a mean absolute deviation of 0.44 and the sum of the absolute errors of 26.89. Eltek after-hype prediction price | USD 8.78 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Eltek to cross-verify your projections. Eltek Additional Predictive Modules
Most predictive techniques to examine Eltek price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Eltek using various technical indicators. When you analyze Eltek charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Eltek Cash Forecast
To forecast cash or other financial indicators, analysts must employ diverse statistical methods, techniques, and algorithms. This approach allows them to detect underlying patterns in the Eltek's financial statements, predicting their influence on future market prices.
Cash | First Reported 1997-03-31 | Previous Quarter 1.8 M | Current Value 2.1 M | Quarterly Volatility 2.7 M |
Eltek Naive Prediction Price Forecast For the 3rd of February
Given 90 days horizon, the Naive Prediction forecasted value of Eltek on the next trading day is expected to be 8.74 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.34, and the sum of the absolute errors of 26.89.Please note that although there have been many attempts to predict Eltek Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Eltek's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Eltek Stock Forecast Pattern
| Backtest Eltek | Eltek Price Prediction | Research Analysis |
Eltek Forecasted Value
In the context of forecasting Eltek's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Eltek's downside and upside margins for the forecasting period are 5.18 and 12.30, respectively. We have considered Eltek's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Eltek stock data series using in forecasting. Note that when a statistical model is used to represent Eltek stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 117.0277 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.4409 |
| MAPE | Mean absolute percentage error | 0.0469 |
| SAE | Sum of the absolute errors | 26.8921 |
Predictive Modules for Eltek
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eltek. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 After-Hype Price Density Analysis
As far as predicting the price of Eltek at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Eltek or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Eltek, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Eltek Estimiated After-Hype Price Volatility
In the context of predicting Eltek's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Eltek's historical news coverage. Eltek's after-hype downside and upside margins for the prediction period are 5.25 and 12.31, respectively. We have considered Eltek's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Eltek is somewhat reliable at this time. Analysis and calculation of next after-hype price of Eltek is based on 3 months time horizon.
Eltek Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Eltek is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eltek backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Eltek, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.36 | 3.56 | 0.05 | 0.03 | 7 Events / Month | 6 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
8.78 | 8.78 | 0.00 |
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Eltek Hype Timeline
Eltek is currently traded for 8.78. The entity has historical hype elasticity of 0.05, and average elasticity to hype of competition of 0.03. Eltek is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at -0.36%. %. The volatility of related hype on Eltek is about 4091.95%, with the expected price after the next announcement by competition of 8.81. About 58.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.32. Some equities with similar Price to Book (P/B) outperform the market in the long run. Eltek has Price/Earnings To Growth (PEG) ratio of 0.22. The entity had 1:5 split on the 22nd of November 2017. Given the investment horizon of 90 days the next anticipated press release will be in about 7 days. Check out Historical Fundamental Analysis of Eltek to cross-verify your projections.Eltek Related Hype Analysis
Having access to credible news sources related to Eltek's direct competition is more important than ever and may enhance your ability to predict Eltek's future price movements. Getting to know how Eltek's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Eltek may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SOTK | Sono Tek Corp | 0.01 | 5 per month | 0.00 | (0.08) | 3.50 | (4.38) | 8.89 | |
| SOGP | Lizhi Inc | 1.97 | 3 per month | 0.00 | (0.02) | 10.82 | (10.01) | 37.07 | |
| TGE | The Generation Essentials | (0.03) | 7 per month | 10.36 | 0.05 | 15.83 | (9.09) | 162.44 | |
| WBX | Wallbox NV | (0.05) | 8 per month | 0.00 | (0.18) | 6.60 | (6.84) | 18.65 | |
| QH | Quhuo | 0.03 | 9 per month | 0.00 | (0.06) | 25.50 | (14.29) | 109.99 | |
| HOLO | MicroCloud Hologram | (0.08) | 9 per month | 0.00 | (0.21) | 5.57 | (7.62) | 15.30 | |
| REFR | Research Frontiers Incorporated | (0.05) | 5 per month | 0.00 | (0.22) | 4.94 | (8.43) | 21.50 | |
| LINK | Interlink Electronics | (0.06) | 10 per month | 0.00 | (0.17) | 7.09 | (8.24) | 23.00 | |
| MIND | Mind Technology | 0.63 | 9 per month | 0.00 | (0.03) | 8.99 | (9.24) | 37.32 | |
| DSWL | Deswell Industries | (1.50) | 7 per month | 3.03 | (0) | 5.34 | (5.37) | 23.97 |
Other Forecasting Options for Eltek
For every potential investor in Eltek, whether a beginner or expert, Eltek's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eltek Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eltek. Basic forecasting techniques help filter out the noise by identifying Eltek's price trends.Eltek Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eltek stock to make a market-neutral strategy. Peer analysis of Eltek could also be used in its relative valuation, which is a method of valuing Eltek by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eltek Market Strength Events
Market strength indicators help investors to evaluate how Eltek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eltek shares will generate the highest return on investment. By undertsting and applying Eltek stock market strength indicators, traders can identify Eltek entry and exit signals to maximize returns.
Eltek Risk Indicators
The analysis of Eltek's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eltek's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eltek stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.86 | |||
| Standard Deviation | 3.43 | |||
| Variance | 11.79 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Eltek
The number of cover stories for Eltek depends on current market conditions and Eltek's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Eltek is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Eltek's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Eltek Short Properties
Eltek's future price predictability will typically decrease when Eltek's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Eltek often depends not only on the future outlook of the potential Eltek's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Eltek's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.7 M | |
| Cash And Short Term Investments | 17.2 M |
Check out Historical Fundamental Analysis of Eltek to cross-verify your projections. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Electronic Equipment, Instruments & Components 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.
Quarterly Earnings Growth (0.55) | Earnings Share 0.17 | Revenue Per Share | Quarterly Revenue Growth (0.02) | Return On Assets |
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.