Elanco Animal (Germany) Price on December 18, 2023
5EA Stock | EUR 11.95 0.19 1.62% |
If you're considering investing in Elanco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elanco Animal stands at 11.95, as last reported on the 14th of December 2024, with the highest price reaching 11.95 and the lowest price hitting 11.95 during the day. Elanco Animal Health secures Sharpe Ratio (or Efficiency) of -0.0307, which denotes the company had a -0.0307% return per unit of standard deviation over the last 3 months. Elanco Animal Health exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elanco Animal's Mean Deviation of 1.85, coefficient of variation of (3,534), and Standard Deviation of 2.74 to check the risk estimate we provide.
Elanco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Elanco |
Sharpe Ratio = -0.0307
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Estimated Market Risk
2.77 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Elanco Animal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elanco Animal by adding Elanco Animal to a well-diversified portfolio.
Elanco Animal Valuation on December 18, 2023
It is possible to determine the worth of Elanco Animal on a given historical date. On December 18, 2023 Elanco was worth 12.52 at the beginning of the trading date compared to the closed value of 12.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elanco Animal stock. Still, in general, we apply an absolute valuation method to find Elanco Animal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Elanco Animal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elanco Animal's related companies.
Open | High | Low | Close | Volume | |
12.74 | 12.74 | 12.74 | 12.74 | 235.00 | |
12/18/2023 | 12.52 | 12.52 | 12.52 | 12.52 | 235.00 |
12.40 | 12.40 | 12.40 | 12.40 | 235.00 |
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Elanco Animal Trading Date Momentum on December 18, 2023
On December 19 2023 Elanco Animal Health was traded for 12.40 at the closing time. The highest daily price throughout the period was 12.40 and the lowest price was 12.40 . The daily volume was 235. The net trading volume on 12/19/2023 added to the next day price reduction. The daily price change to closing price of the next trading day was 0.96% . The overall trading delta to current closing price is 5.59% . |
Elanco Animal Health Fundamentals Correlations and Trends
By evaluating Elanco Animal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Elanco Animal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elanco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Elanco Animal Stock history
Elanco Animal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Elanco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elanco Animal Health will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Elanco Animal stock prices may prove useful in developing a viable investing in Elanco Animal
Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals. Elanco Animal Health Incorporated was founded in 1954 and is headquartered in Greenfield, Indiana. ELANCO ANIMAL operates under Drug ManufacturersSpecialty Generic classification in Germany and is traded on Frankfurt Stock Exchange. It employs 10200 people.
Elanco Animal Stock Technical Analysis
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.
Price Boundaries
Elanco Animal Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Elanco Animal Health cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Elanco Animal December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Elanco Animal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elanco Animal shares will generate the highest return on investment. By undertsting and applying Elanco Animal stock market strength indicators, traders can identify Elanco Animal Health entry and exit signals to maximize returns
Elanco Animal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Elanco Animal's price direction in advance. Along with the technical and fundamental analysis of Elanco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elanco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.43) | |||
Treynor Ratio | (0.08) |
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When running Elanco Animal's price analysis, check to measure Elanco Animal'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 Elanco Animal is operating at the current time. Most of Elanco Animal's value examination focuses on studying past and present price action to predict the probability of Elanco Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elanco Animal's price. Additionally, you may evaluate how the addition of Elanco Animal to your portfolios can decrease your overall portfolio volatility.
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