Eltek Stock Alpha and Beta Analysis
ELTK Stock | USD 10.90 0.27 2.42% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Eltek. It also helps investors analyze the systematic and unsystematic risks associated with investing in Eltek over a specified time horizon. Remember, high Eltek's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Eltek's market risk premium analysis include:
Beta 3.07 | Alpha (0.82) | Risk 6.26 | Sharpe Ratio (0.09) | Expected Return (0.54) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Eltek |
Eltek Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Eltek market risk premium is the additional return an investor will receive from holding Eltek long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Eltek. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Eltek's performance over market.α | -0.82 | β | 3.07 |
Eltek expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Eltek's Buy-and-hold return. Our buy-and-hold chart shows how Eltek performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Eltek Market Price Analysis
Market price analysis indicators help investors to evaluate how Eltek stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eltek shares will generate the highest return on investment. By understating and applying Eltek stock market price indicators, traders can identify Eltek position entry and exit signals to maximize returns.
Eltek Return and Market Media
The median price of Eltek for the period between Tue, Jan 30, 2024 and Mon, Apr 29, 2024 is 11.92 with a coefficient of variation of 24.53. The daily time series for the period is distributed with a sample standard deviation of 3.28, arithmetic mean of 13.39, and mean deviation of 2.73. The Stock received substential amount of media coverage during this period. Price Growth (%) |
Timeline |
1 | Eltek Announces Closing of 10 Million Public Offering | 02/15/2024 |
2 | Eltek Sets Earnings Release Date and Conference Call to Report Fourth Quarter 2023 and Annual Results on March 11, 2024 | 02/29/2024 |
3 | Eltek Ltd. Reports Full year and Fourth Quarter 2022 Financial Results - The Globe and Mail | 03/06/2024 |
4 | Eltek earnings missed by 0.09, revenue topped estimates | 03/11/2024 |
5 | Eltek Ltd. Q4 2023 Earnings Call Transcript | 03/12/2024 |
6 | Eltek Ltd. Just Missed Earnings - But Analysts Have Updated Their Models | 03/15/2024 |
About Eltek Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Eltek or other stocks. Alpha measures the amount that position in Eltek has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
2023 | 2024 (projected) | Dividend Yield | 0.016 | 0.0152 | Price To Sales Ratio | 1.76 | 1.85 |
Eltek Upcoming Company Events
As portrayed in its financial statements, the presentation of Eltek's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Eltek's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Eltek's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Eltek. Please utilize our Beneish M Score to check the likelihood of Eltek's management manipulating its earnings.
14th of March 2024 Upcoming Quarterly Report | View | |
16th of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
14th of March 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Eltek
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Eltek Backtesting, Eltek Valuation, Eltek Correlation, Eltek Hype Analysis, Eltek Volatility, Eltek History and analyze Eltek Performance. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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Eltek 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.