Elisa Oyj Earnings Estimate
Elisa Oyj Earnings per Share Projection vs Actual
About Elisa Oyj Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Elisa Oyj earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Elisa Oyj estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Elisa Oyj fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.Elisa Oyj provides data communications and digital services. Elisa Oyj was founded in 1882 and is headquartered in Helsinki, Finland. Elisa Communications operates under Telecom Services classification in the United States and is traded on OTC Exchange. It employs 5572 people.
Pair Trading with Elisa Oyj
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 Elisa Oyj 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 Elisa Oyj will appreciate offsetting losses from the drop in the long position's value.Moving against Elisa Pink Sheet
| 0.71 | META | Meta Platforms | PairCorr |
| 0.66 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.62 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.57 | NVDA | NVIDIA Buyout Trend | PairCorr |
| 0.52 | MRK | Merck Company Financial Report 6th of August 2024 | PairCorr |
The ability to find closely correlated positions to Elisa Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elisa Oyj 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 Elisa Oyj - 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 Elisa Oyj to buy it.
The correlation of Elisa Oyj 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 Elisa Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elisa Oyj 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 Elisa Oyj 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elisa Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Elisa Pink Sheet analysis
When running Elisa Oyj's price analysis, check to measure Elisa Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elisa Oyj is operating at the current time. Most of Elisa Oyj's value examination focuses on studying past and present price action to predict the probability of Elisa Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elisa Oyj's price. Additionally, you may evaluate how the addition of Elisa Oyj to your portfolios can decrease your overall portfolio volatility.
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