Elanco Animal Health Stock Short Ratio
| ELAN Stock | USD 14.07 0.28 2.03% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Elanco Animal's long-term financial health and intrinsic value.
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Elanco Animal Health Company Short Ratio Analysis
Elanco Animal's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Elanco Animal Short Ratio | 4.79 X |
Most of Elanco Animal's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Elanco Animal Health is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Elanco Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Elanco Animal is extremely important. It helps to project a fair market value of Elanco Stock properly, considering its historical fundamentals such as Short Ratio. Since Elanco Animal's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elanco Animal's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elanco Animal's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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Elanco Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Elanco Animal Health has a Short Ratio of 4.79 times. This is 22.82% higher than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The short ratio for all United States stocks is 19.75% lower than that of the firm.
Elanco Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elanco Animal's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elanco Animal could also be used in its relative valuation, which is a method of valuing Elanco Animal by comparing valuation metrics of similar companies.Elanco Animal is currently under evaluation in short ratio category among its peers.
Elanco Animal ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elanco Animal's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elanco Animal's managers, analysts, and investors.Environmental | Governance | Social |
Elanco Animal Institutional Holders
Institutional Holdings refers to the ownership stake in Elanco Animal that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Elanco Animal's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Elanco Animal's value.| Shares | Geode Capital Management, Llc | 2025-03-31 | 8.4 M | Barrow Hanley Mewhinney & Strauss Llc | 2025-03-31 | 7.6 M | Brandes Investment Partners & Co | 2025-03-31 | 7.3 M | Citadel Advisors Llc | 2025-03-31 | 6.9 M | Manufacturers Life Insurance Co | 2025-03-31 | 6.4 M | Prudential Financial Inc | 2025-03-31 | 5.7 M | Ing Investment Management Llc | 2025-03-31 | 4.8 M | Goldman Sachs Group Inc | 2025-03-31 | 4.8 M | Morgan Stanley - Brokerage Accounts | 2025-03-31 | 4.7 M | Dodge & Cox | 2025-03-31 | 82.9 M | Fmr Inc | 2025-03-31 | 53.9 M |
Elanco Fundamentals
| Return On Equity | 0.0601 | ||||
| Return On Asset | 0.0114 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 10.76 B | ||||
| Shares Outstanding | 496.65 M | ||||
| Shares Owned By Insiders | 1.03 % | ||||
| Shares Owned By Institutions | 98.97 % | ||||
| Number Of Shares Shorted | 23.57 M | ||||
| Price To Earning | 241.75 X | ||||
| Price To Book | 1.08 X | ||||
| Price To Sales | 1.55 X | ||||
| Revenue | 4.44 B | ||||
| Gross Profit | 2.43 B | ||||
| EBITDA | 1.49 B | ||||
| Net Income | 338 M | ||||
| Cash And Equivalents | 463 M | ||||
| Cash Per Share | 0.98 X | ||||
| Total Debt | 4.32 B | ||||
| Debt To Equity | 0.87 % | ||||
| Current Ratio | 1.96 X | ||||
| Book Value Per Share | 12.80 X | ||||
| Cash Flow From Operations | 541 M | ||||
| Short Ratio | 4.79 X | ||||
| Earnings Per Share | 0.75 X | ||||
| Price To Earnings To Growth | 7.30 X | ||||
| Target Price | 16.0 | ||||
| Number Of Employees | 9 K | ||||
| Beta | 1.68 | ||||
| Market Capitalization | 6.85 B | ||||
| Total Asset | 12.61 B | ||||
| Retained Earnings | (1.95 B) | ||||
| Working Capital | 1.9 B | ||||
| Current Asset | 2.45 B | ||||
| Current Liabilities | 805.47 M | ||||
| Net Asset | 12.61 B |
About Elanco Animal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elanco Animal Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elanco Animal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elanco Animal Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Elanco Animal
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 Elanco Animal 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 Elanco Animal will appreciate offsetting losses from the drop in the long position's value.Moving together with Elanco Stock
| 0.81 | A | Agilent Technologies Earnings Call This Week | PairCorr |
Moving against Elanco Stock
| 0.74 | VCYT | Veracyte Earnings Call Tomorrow | PairCorr |
| 0.74 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.7 | DRMA | Dermata Therapeutics | PairCorr |
| 0.66 | DYAI | Dyadic International Earnings Call Tomorrow | PairCorr |
| 0.6 | DTIL | Precision BioSciences | PairCorr |
The ability to find closely correlated positions to Elanco Animal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elanco Animal 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 Elanco Animal - 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 Elanco Animal Health to buy it.
The correlation of Elanco Animal 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 Elanco Animal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elanco Animal Health 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 Elanco Animal 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 Elanco Animal Piotroski F Score and Elanco Animal Altman Z Score analysis. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Pharmaceuticals 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 Elanco Animal. If investors know Elanco 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 Elanco Animal 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 1.167 | Earnings Share 0.75 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal'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 Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal'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 Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal'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.