Ellomay Capital Stock Market Value
| ELLO Stock | USD 16.91 1.01 6.35% |
| Symbol | Ellomay |
Ellomay Capital Price To Book Ratio
Is Independent Power and Renewable Electricity Producers 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 Ellomay Capital. If investors know Ellomay 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 Ellomay Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.146 | Earnings Share (0.19) | Revenue Per Share | Quarterly Revenue Growth (0.21) | Return On Assets |
The market value of Ellomay Capital is measured differently than its book value, which is the value of Ellomay that is recorded on the company's balance sheet. Investors also form their own opinion of Ellomay Capital's value that differs from its market value or its book value, called intrinsic value, which is Ellomay Capital'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 Ellomay Capital's market value can be influenced by many factors that don't directly affect Ellomay Capital'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 Ellomay Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellomay Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellomay Capital'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.
Ellomay Capital '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 Ellomay Capital'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 Ellomay Capital.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Ellomay Capital on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Ellomay Capital or generate 0.0% return on investment in Ellomay Capital over 30 days. Ellomay Capital is related to or competes with Enlight Renewable, Renew Energy, Clearway Energy, Excelerate Energy, Ormat Technologies, Clearway Energy, and Brookfield Renewable. Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel,... More
Ellomay Capital 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 Ellomay Capital'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 Ellomay Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.1289 | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 6.35 |
Ellomay Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ellomay Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ellomay Capital's standard deviation. In reality, there are many statistical measures that can use Ellomay Capital historical prices to predict the future Ellomay Capital's volatility.| Risk Adjusted Performance | 0.1015 | |||
| Jensen Alpha | 0.3833 | |||
| Total Risk Alpha | 0.3787 | |||
| Sortino Ratio | 0.151 | |||
| Treynor Ratio | 6.24 |
Ellomay Capital Backtested Returns
Ellomay Capital appears to be not too volatile, given 3 months investment horizon. Ellomay Capital secures Sharpe Ratio (or Efficiency) of 0.0899, which denotes the company had a 0.0899 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Ellomay Capital, which you can use to evaluate the volatility of the firm. Please utilize Ellomay Capital's Mean Deviation of 2.15, downside deviation of 2.53, and Coefficient Of Variation of 754.18 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ellomay Capital holds a performance score of 7. The firm shows a Beta (market volatility) of 0.0614, which means not very significant fluctuations relative to the market. As returns on the market increase, Ellomay Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ellomay Capital is expected to be smaller as well. Please check Ellomay Capital's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Ellomay Capital's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Ellomay Capital has weak reverse predictability. Overlapping area represents the amount of predictability between Ellomay Capital time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ellomay Capital price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Ellomay Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Ellomay Capital lagged returns against current returns
Autocorrelation, which is Ellomay Capital 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 Ellomay Capital's stock expected returns. We can calculate the autocorrelation of Ellomay Capital returns to help us make a trade decision. For example, suppose you find that Ellomay Capital 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 |
Ellomay Capital 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 Ellomay Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ellomay Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ellomay Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Ellomay Capital Lagged Returns
When evaluating Ellomay Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ellomay Capital stock have on its future price. Ellomay Capital 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, Ellomay Capital autocorrelation shows the relationship between Ellomay Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Ellomay Capital.
Regressed Prices |
| Timeline |
Pair Trading with Ellomay Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ellomay Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ellomay Capital will appreciate offsetting losses from the drop in the long position's value.Moving against Ellomay Stock
| 0.64 | ALCE | Alternus Energy Group | PairCorr |
| 0.54 | BEP | Brookfield Renewable | PairCorr |
| 0.53 | ORA | Ormat Technologies Earnings Call This Week | PairCorr |
| 0.45 | BEP-PA | Brookfield Renewable | PairCorr |
| 0.44 | AQN | Algonquin Power Utilities | PairCorr |
The ability to find closely correlated positions to Ellomay Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellomay Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ellomay Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ellomay Capital to buy it.
The correlation of Ellomay Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ellomay Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellomay Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ellomay Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ellomay Capital Correlation, Ellomay Capital Volatility and Ellomay Capital Alpha and Beta module to complement your research on Ellomay Capital. To learn how to invest in Ellomay Stock, please use our How to Invest in Ellomay Capital guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Ellomay Capital 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.