Elanco Animal (Germany) Market Value
| 5EA Stock | EUR 12.76 0.30 2.41% |
| Symbol | Elanco |
Elanco Animal 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Elanco Animal's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Elanco Animal.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Elanco Animal on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Elanco Animal Health or generate 0.0% return on investment in Elanco Animal over 30 days. Elanco Animal is related to or competes with Takeda Pharmaceutical, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, Intel, and Volkswagen. Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for... More
Elanco Animal Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Elanco Animal's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Elanco Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.07 |
Elanco Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elanco Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elanco Animal's standard deviation. In reality, there are many statistical measures that can use Elanco Animal historical prices to predict the future Elanco Animal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.09) |
Elanco Animal Health Backtested Returns
Elanco Animal Health secures Sharpe Ratio (or Efficiency) of -0.0201, which denotes the company had a -0.0201% return per unit of standard deviation over the last 3 months. Elanco Animal Health exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elanco Animal's Mean Deviation of 1.71, coefficient of variation of (2,614), and Standard Deviation of 2.5 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.19, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elanco Animal will likely underperform. At this point, Elanco Animal Health has a negative expected return of -0.0504%. Please make sure to confirm Elanco Animal's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Elanco Animal Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Elanco Animal Health has insignificant reverse predictability. Overlapping area represents the amount of predictability between Elanco Animal time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elanco Animal Health price movement. The serial correlation of -0.2 indicates that over 20.0% of current Elanco Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Elanco Animal Health lagged returns against current returns
Autocorrelation, which is Elanco Animal stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Elanco Animal's stock expected returns. We can calculate the autocorrelation of Elanco Animal returns to help us make a trade decision. For example, suppose you find that Elanco Animal has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Elanco Animal regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Elanco Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elanco Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elanco Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Elanco Animal Lagged Returns
When evaluating Elanco Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elanco Animal stock have on its future price. Elanco Animal autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Elanco Animal autocorrelation shows the relationship between Elanco Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Elanco Animal Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Elanco Stock
When determining whether Elanco Animal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elanco Animal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elanco Animal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elanco Animal Health Stock:Check out Elanco Animal Correlation, Elanco Animal Volatility and Elanco Animal Alpha and Beta module to complement your research on Elanco Animal. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Elanco Animal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.