ELF Beauty Stock Forecast - Standard Deviation
| ELF Stock | USD 116.07 11.91 11.43% |
ELF Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of ELF Beauty's historical fundamentals, such as revenue growth or operating cash flow patterns.
ELF |
Open Interest Against 2024-11-08 ELF Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ELF Beauty's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ELF Beauty's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ELF Beauty stock based on available contracts left at the end of a trading day.
No Open InterestPlease note that to derive more accurate forecasting about market movement from the current ELF Beauty's open interest, investors have to compare it to ELF Beauty's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ELF Beauty is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ELF. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Check ELF Beauty Volatility | Backtest ELF Beauty | Information Ratio |
ELF Beauty Trading Date Momentum
| On November 07 2024 ELF Beauty was traded for 116.07 at the closing time. Highest ELF Beauty's price during the trading hours was 125.24 and the lowest price during the day was 109.12 . The net volume was 9.4 M. The overall trading history on the 7th of November did not affect price variability. The overall trading delta to current price is 5.01% . |
| Compare ELF Beauty to competition |
Other Forecasting Options for ELF Beauty
For every potential investor in ELF, whether a beginner or expert, ELF Beauty's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ELF Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ELF. Basic forecasting techniques help filter out the noise by identifying ELF Beauty's price trends.ELF Beauty Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ELF Beauty stock to make a market-neutral strategy. Peer analysis of ELF Beauty could also be used in its relative valuation, which is a method of valuing ELF Beauty by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ELF Beauty Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ELF Beauty's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ELF Beauty's current price.| Cycle Indicators | ||
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ELF Beauty Market Strength Events
Market strength indicators help investors to evaluate how ELF Beauty stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ELF Beauty shares will generate the highest return on investment. By undertsting and applying ELF Beauty stock market strength indicators, traders can identify ELF Beauty entry and exit signals to maximize returns.
| Accumulation Distribution | 1.2 M | |||
| Daily Balance Of Power | 0.7388 | |||
| Rate Of Daily Change | 1.11 | |||
| Day Median Price | 117.18 | |||
| Day Typical Price | 116.81 | |||
| Price Action Indicator | 4.84 | |||
| Period Momentum Indicator | 11.91 |
ELF Beauty Risk Indicators
The analysis of ELF Beauty's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ELF Beauty's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting elf stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.95 | |||
| Standard Deviation | 4.1 | |||
| Variance | 16.78 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether ELF Beauty is a strong investment it is important to analyze ELF Beauty's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ELF Beauty's future performance. For an informed investment choice regarding ELF Stock, refer to the following important reports:Check out Historical Fundamental Analysis of ELF Beauty to cross-verify your projections. For more detail on how to invest in ELF Stock please use our How to Invest in ELF Beauty guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Personal Care Products 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 ELF Beauty. If investors know ELF 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 ELF Beauty 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 (0.13) | Earnings Share 2.09 | Revenue Per Share 20.487 | Quarterly Revenue Growth 0.5 | Return On Assets 0.0961 |
The market value of ELF Beauty is measured differently than its book value, which is the value of ELF that is recorded on the company's balance sheet. Investors also form their own opinion of ELF Beauty's value that differs from its market value or its book value, called intrinsic value, which is ELF Beauty'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 ELF Beauty's market value can be influenced by many factors that don't directly affect ELF Beauty'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 ELF Beauty's value and its price as these two are different measures arrived at by different means. Investors typically determine if ELF Beauty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ELF Beauty'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.