Elanco Animal Health Stock Market Value
| ELAN Stock | USD 12.62 0.46 3.52% |
| Symbol | Elanco |
Elanco Animal Health Price To Book Ratio
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.
Elanco Animal 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Elanco Animal's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Elanco Animal.
| 02/21/2025 |
| 05/22/2025 |
If you would invest 0.00 in Elanco Animal on February 21, 2025 and sell it all today you would earn a total of 0.00 from holding Elanco Animal Health or generate 0.0% return on investment in Elanco Animal over 90 days. Elanco Animal is related to or competes with Viatris, Lantheus Holdings, Haleon Plc, Phibro Animal, Prestige Brand, Collegium Pharmaceutical, and Pacira BioSciences,. Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for... More
Elanco Animal Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Elanco Animal's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Elanco Animal Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0733 | |||
| Maximum Drawdown | 28.89 | |||
| Value At Risk | (6.82) | |||
| Potential Upside | 4.83 |
Elanco Animal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elanco Animal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elanco Animal's standard deviation. In reality, there are many statistical measures that can use Elanco Animal historical prices to predict the future Elanco Animal's volatility.| Risk Adjusted Performance | 0.1028 | |||
| Jensen Alpha | 0.4068 | |||
| Total Risk Alpha | 0.5124 | |||
| Sortino Ratio | 0.0954 | |||
| Treynor Ratio | 0.1594 |
Elanco Animal Health Backtested Returns
Elanco Animal appears to be somewhat reliable, given 3 months investment horizon. Elanco Animal Health secures Sharpe Ratio (or Efficiency) of 0.0666, which denotes the company had a 0.0666 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Elanco Animal Health, which you can use to evaluate the volatility of the firm. Please utilize Elanco Animal's Mean Deviation of 2.91, downside deviation of 3.67, and Semi Deviation of 3.46 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elanco Animal holds a performance score of 5. The firm shows a Beta (market volatility) of 1.63, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Elanco Animal will likely underperform. Please check Elanco Animal's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Elanco Animal's price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Elanco Animal Health has very good reverse predictability. Overlapping area represents the amount of predictability between Elanco Animal time series from 21st of February 2025 to 7th of April 2025 and 7th of April 2025 to 22nd of May 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elanco Animal Health price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Elanco Animal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 3.26 |
Elanco Animal Health lagged returns against current returns
Autocorrelation, which is Elanco Animal stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Elanco Animal's stock expected returns. We can calculate the autocorrelation of Elanco Animal returns to help us make a trade decision. For example, suppose you find that Elanco Animal has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Elanco Animal regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Elanco Animal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elanco Animal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elanco Animal stock over time.
Current vs Lagged Prices |
| Timeline |
Elanco Animal Lagged Returns
When evaluating Elanco Animal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elanco Animal stock have on its future price. Elanco Animal autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Elanco Animal autocorrelation shows the relationship between Elanco Animal stock current value and its past values and can show if there is a momentum factor associated with investing in Elanco Animal Health.
Regressed Prices |
| Timeline |
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.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 Correlation, Elanco Animal Volatility and Elanco Animal Alpha and Beta module to complement your research on Elanco Animal. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Elanco Animal 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.