Eltek Gross Profit Margin from 2010 to 2024
| ELTK Stock | USD 10.90 0.27 2.42% |
Gross Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.28058679 | Current Value 0.18 | Quarterly Volatility 0.06396789 |
Check Eltek financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eltek main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 M, Interest Expense of 79.8 K or Total Revenue of 38.2 M, as well as many exotic indicators such as Price To Sales Ratio of 1.85, Dividend Yield of 0.0152 or PTB Ratio of 3.22. Eltek financial statements analysis is a perfect complement when working with Eltek Valuation or Volatility modules.
Eltek | Gross Profit Margin |
Latest Eltek's Gross Profit Margin Growth Pattern
Below is the plot of the Gross Profit Margin of Eltek over the last few years. It is Eltek's Gross Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Eltek's overall financial position and show how it may be relating to other accounts over time.
| Gross Profit Margin | 10 Years Trend |
|
Gross Profit Margin |
| Timeline |
Eltek Gross Profit Margin Regression Statistics
| Arithmetic Mean | 0.17 | |
| Geometric Mean | 0.15 | |
| Coefficient Of Variation | 38.54 | |
| Mean Deviation | 0.05 | |
| Median | 0.17 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2401 | |
| R-Value | 0.20 | |
| Mean Square Error | 0 | |
| R-Squared | 0.04 | |
| Significance | 0.47 | |
| Slope | 0 | |
| Total Sum of Squares | 0.06 |
Eltek Gross Profit Margin History
About Eltek Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Eltek income statement, its balance sheet, and the statement of cash flows. Eltek investors use historical funamental indicators, such as Eltek's Gross Profit Margin, to determine how well the company is positioned to perform in the future. Although Eltek investors may use each financial statement separately, they are all related. The changes in Eltek's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eltek's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Eltek Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Eltek. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Gross Profit Margin | 0.28 | 0.18 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eltek in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eltek's short interest history, or implied volatility extrapolated from Eltek options trading.
Pair Trading with Eltek
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 Eltek 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 Eltek will appreciate offsetting losses from the drop in the long position's value.Moving together with Eltek Stock
| 0.77 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
Moving against Eltek Stock
| 0.76 | CLRO | ClearOne | PairCorr |
| 0.7 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.67 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
| 0.65 | DGII | Digi International Earnings Call This Week | PairCorr |
| 0.6 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eltek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eltek 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 Eltek - 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 Eltek to buy it.
The correlation of Eltek 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 Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek 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 Eltek 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 the analysis of Eltek Correlation against competitors. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Eltek Stock analysis
When running Eltek's price analysis, check to measure Eltek'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 Eltek is operating at the current time. Most of Eltek's value examination focuses on studying past and present price action to predict the probability of Eltek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltek's price. Additionally, you may evaluate how the addition of Eltek to your portfolios can decrease your overall portfolio volatility.
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Is Eltek's industry 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 Eltek. If investors know Eltek 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 Eltek 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 0.598 | Dividend Share 0.22 | Earnings Share 1.07 | Revenue Per Share 7.911 | Quarterly Revenue Growth 0.176 |
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek'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 Eltek's market value can be influenced by many factors that don't directly affect Eltek'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 Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek'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.