Elmos Semiconductor Stock Beta

ELG Stock  EUR 61.80  1.50  2.37%   
ELMOS SEMICONDUCTOR fundamentals help investors to digest information that contributes to ELMOS SEMICONDUCTOR's financial success or failures. It also enables traders to predict the movement of ELMOS Stock. The fundamental analysis module provides a way to measure ELMOS SEMICONDUCTOR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ELMOS SEMICONDUCTOR stock.
  
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ELMOS SEMICONDUCTOR Company Beta Analysis

ELMOS SEMICONDUCTOR's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, ELMOS SEMICONDUCTOR has a Beta of 0.0. This indicator is about the same for the Other average (which is currently at 0.0) sector and about the same as Other (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).

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ELMOS Fundamentals

About ELMOS SEMICONDUCTOR Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ELMOS SEMICONDUCTOR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ELMOS SEMICONDUCTOR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ELMOS SEMICONDUCTOR based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in ELMOS Stock

ELMOS SEMICONDUCTOR financial ratios help investors to determine whether ELMOS Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ELMOS with respect to the benefits of owning ELMOS SEMICONDUCTOR security.