Elastic NV Stock Forecast - Naive Prediction
| ESTC Stock | USD 71.78 0.02 0.03% |
The Naive Prediction forecasted value of Elastic NV on the next trading day is expected to be 70.48 with a mean absolute deviation of 2.73 and the sum of the absolute errors of 166.51. Elastic Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Elastic NV stock prices and determine the direction of Elastic NV's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Elastic NV's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength indicator of Elastic NV's share price is below 20 suggesting that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Current Year 2.4498 | EPS Estimate Next Year 2.799 | Wall Street Target Price 103.96 | EPS Estimate Current Quarter 0.5761 | Quarterly Revenue Growth 0.159 |
Using Elastic NV hype-based prediction, you can estimate the value of Elastic NV from the perspective of Elastic NV response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Elastic NV using Elastic NV's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Elastic using crowd psychology based on the activity and movement of Elastic NV's stock price.
Elastic NV Short Interest
A significant increase or decrease in Elastic NV's short interest from the previous month could be a good indicator of investor sentiment towards Elastic. Short interest can provide insight into the potential direction of Elastic NV stock and how bullish or bearish investors feel about the market overall.
200 Day MA 82.7565 | Short Percent 0.0433 | Short Ratio 2.66 | Shares Short Prior Month 3.7 M | 50 Day MA 77.5542 |
Elastic NV Hype to Price Pattern
Investor biases related to Elastic NV's public news can be used to forecast risks associated with an investment in Elastic. The trend in average sentiment can be used to explain how an investor holding Elastic can time the market purely based on public headlines and social activities around Elastic NV. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Elastic NV Implied Volatility | 0.64 |
Elastic NV's implied volatility exposes the market's sentiment of Elastic NV stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Elastic NV's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Elastic NV stock will not fluctuate a lot when Elastic NV's options are near their expiration.
The Naive Prediction forecasted value of Elastic NV on the next trading day is expected to be 70.48 with a mean absolute deviation of 2.73 and the sum of the absolute errors of 166.51. Elastic NV after-hype prediction price | USD 71.76 |
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 Elastic NV to cross-verify your projections. Prediction based on Rule 16 of the current Elastic contract
Based on the Rule 16, the options market is currently suggesting that Elastic NV will have an average daily up or down price movement of about 0.04% per day over the life of the 2026-03-20 option contract. With Elastic NV trading at USD 71.78, that is roughly USD 0.0287 . If you think that the market is fully incorporating Elastic NV's daily price movement you should consider acquiring Elastic NV options at the current volatility level of 0.64%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Elastic Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Elastic NV's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Elastic NV's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Elastic NV stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Elastic NV's open interest, investors have to compare it to Elastic NV's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Elastic NV is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Elastic. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Elastic NV Additional Predictive Modules
Most predictive techniques to examine Elastic price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Elastic using various technical indicators. When you analyze Elastic 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 | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Elastic NV Cash Forecast
Forecasting cash, or other financial indicators, requires analysts to apply different statistical methods, techniques, and algorithms to find hidden patterns within the Elastic NV's financial statements to predict how it will affect future prices.
Cash | First Reported 2017-04-30 | Previous Quarter 662.3 M | Current Value 804.1 M | Quarterly Volatility 282.6 M |
Elastic NV Naive Prediction Price Forecast For the 24th of January
Given 90 days horizon, the Naive Prediction forecasted value of Elastic NV on the next trading day is expected to be 70.48 with a mean absolute deviation of 2.73, mean absolute percentage error of 12.67, and the sum of the absolute errors of 166.51.Please note that although there have been many attempts to predict Elastic Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Elastic NV's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Elastic NV Stock Forecast Pattern
| Backtest Elastic NV | Elastic NV Price Prediction | Buy or Sell Advice |
Elastic NV Forecasted Value
In the context of forecasting Elastic NV'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. Elastic NV's downside and upside margins for the forecasting period are 67.55 and 73.41, respectively. We have considered Elastic NV'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 Elastic NV stock data series using in forecasting. Note that when a statistical model is used to represent Elastic NV 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 | 120.6496 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.7297 |
| MAPE | Mean absolute percentage error | 0.0344 |
| SAE | Sum of the absolute errors | 166.5139 |
Predictive Modules for Elastic NV
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elastic NV. 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 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 After-Hype Price Prediction Density Analysis
As far as predicting the price of Elastic NV 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 Elastic NV 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 Elastic NV, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Elastic NV Estimiated After-Hype Price Volatility
In the context of predicting Elastic NV's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Elastic NV's historical news coverage. Elastic NV's after-hype downside and upside margins for the prediction period are 68.81 and 74.71, respectively. We have considered Elastic NV'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 outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Elastic NV is very steady at this time. Analysis and calculation of next after-hype price of Elastic NV is based on 3 months time horizon.
Elastic NV Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Elastic NV is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elastic NV 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 Elastic NV, 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 |
0.30 | 2.93 | 0.32 | 0.03 | 11 Events / Month | 8 Events / Month | In about 11 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
71.78 | 71.76 | 0.06 |
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Elastic NV Hype Timeline
Elastic NV is currently traded for 71.78. The entity has historical hype elasticity of 0.32, and average elasticity to hype of competition of -0.03. Elastic is anticipated to decline in value after the next headline, with the price expected to drop to 71.76. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.06%, whereas the daily expected return is currently at -0.3%. The volatility of related hype on Elastic NV is about 2844.66%, with the expected price after the next announcement by competition of 71.75. About 12.0% of the company shares are held by company insiders. The company recorded a loss per share of 1.02. Elastic NV had not issued any dividends in recent years. Given the investment horizon of 90 days the next anticipated press release will be in about 11 days. Check out Historical Fundamental Analysis of Elastic NV to cross-verify your projections.Elastic NV Related Hype Analysis
Having access to credible news sources related to Elastic NV's direct competition is more important than ever and may enhance your ability to predict Elastic NV's future price movements. Getting to know how Elastic NV'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 Elastic NV may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| OTEX | Open Text Corp | 0.02 | 9 per month | 0.00 | (0.33) | 1.45 | (3.91) | 7.58 | |
| APPF | Appfolio | (2.07) | 11 per month | 0.00 | (0.08) | 3.09 | (3.72) | 12.22 | |
| IDCC | InterDigital | (1.24) | 10 per month | 0.00 | (0.07) | 3.53 | (4.57) | 17.55 | |
| PAYC | Paycom Software | 1.98 | 9 per month | 0.00 | (0.23) | 2.58 | (3.50) | 13.60 | |
| TTAN | ServiceTitan Class A | (0.57) | 19 per month | 2.69 | (0.04) | 3.83 | (4.54) | 17.57 | |
| DAY | Dayforce | (0.03) | 10 per month | 0.00 | (0.57) | 0.29 | (0.16) | 0.67 | |
| PCOR | Procore Technologies | (0.45) | 14 per month | 0.00 | (0.08) | 3.26 | (3.74) | 16.14 | |
| NICE | Nice Ltd ADR | 0.94 | 11 per month | 0.00 | (0.11) | 3.22 | (3.81) | 18.80 | |
| MNDY | MondayCom | (2.15) | 8 per month | 0.00 | (0.20) | 3.21 | (6.07) | 17.07 | |
| PEGA | Pegasystems | 2.54 | 10 per month | 0.00 | (0.05) | 4.59 | (4.07) | 21.07 |
Other Forecasting Options for Elastic NV
For every potential investor in Elastic, whether a beginner or expert, Elastic NV's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Elastic Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Elastic. Basic forecasting techniques help filter out the noise by identifying Elastic NV's price trends.Elastic NV 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 Elastic NV stock to make a market-neutral strategy. Peer analysis of Elastic NV could also be used in its relative valuation, which is a method of valuing Elastic NV by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Elastic NV Market Strength Events
Market strength indicators help investors to evaluate how Elastic NV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elastic NV shares will generate the highest return on investment. By undertsting and applying Elastic NV stock market strength indicators, traders can identify Elastic NV entry and exit signals to maximize returns.
| Accumulation Distribution | 21419.04 | |||
| Daily Balance Of Power | (0.01) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 71.9 | |||
| Day Typical Price | 71.86 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.02) |
Elastic NV Risk Indicators
The analysis of Elastic NV'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 Elastic NV's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elastic 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.
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 Elastic NV
The number of cover stories for Elastic NV depends on current market conditions and Elastic NV's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Elastic NV 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 Elastic NV'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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Elastic NV Short Properties
Elastic NV's future price predictability will typically decrease when Elastic NV's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Elastic NV often depends not only on the future outlook of the potential Elastic NV'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. Elastic NV's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 103.7 M | |
| Cash And Short Term Investments | 1.4 B |
Check out Historical Fundamental Analysis of Elastic NV to cross-verify your projections. For information on how to trade Elastic Stock refer to our How to Trade Elastic Stock guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Application Software 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 Elastic NV. If investors know Elastic 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 Elastic NV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Elastic NV's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elastic NV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elastic NV'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.