Elco (Israel) Price on January 4, 2024

ELCO Stock  ILS 14,850  30.00  0.20%   
If you're considering investing in Elco Stock, it is important to understand the factors that can impact its price. As of today, the current price of Elco stands at 14,850, as last reported on the 24th of December, with the highest price reaching 14,980 and the lowest price hitting 14,570 during the day. Elco appears to be very steady, given 3 months investment horizon. Elco secures Sharpe Ratio (or Efficiency) of 0.38, which denotes the company had a 0.38% return per unit of standard deviation over the last 3 months. By reviewing Elco's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Elco's Mean Deviation of 1.46, semi deviation of 1.3, and Downside Deviation of 1.75 to check if our risk estimates are consistent with your expectations.
  
Elco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.381

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Estimated Market Risk

 1.95
  actual daily
17
83% of assets are more volatile

Expected Return

 0.74
  actual daily
14
86% of assets have higher returns

Risk-Adjusted Return

 0.38
  actual daily
30
70% of assets perform better
Based on monthly moving average Elco is performing at about 30% of its full potential. 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 Elco by adding it to a well-diversified portfolio.

Elco Valuation on January 4, 2024

It is possible to determine the worth of Elco on a given historical date. On January 4, 2024 Elco was worth 12342.28 at the beginning of the trading date compared to the closed value of 12548.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Elco stock. Still, in general, we apply an absolute valuation method to find Elco'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 Elco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Elco's related companies.
 Open High Low Close Volume
  12,303    12,362    11,771    12,362    30,811  
01/04/2024
  12,342    12,549    12,096    12,549    25,229  
  12,313    12,539    11,958    12,382    32,620  
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Open Value
12342.28
12,336
Downside
12548.97
Closing Value
12,348
Upside

Elco Trading Date Momentum on January 4, 2024

On January 08 2024 Elco was traded for  12,382  at the closing time. The highest price during the trading period was 12,539  and the lowest recorded bid was listed for  11,958 . The volume for the day was 32.6 K. This history from January 8, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.33% . The overall trading delta to the current price is 5.18% .

Elco Fundamentals Correlations and Trends

By evaluating Elco'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 Elco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Elco financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Elco Stock history

Elco 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 Elco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Elco 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 Elco stock prices may prove useful in developing a viable investing in Elco
Elco Ltd., together with its subsidiaries, operates in the construction, infrastructure, consumer electronics, telecommunications, entertainment, and real estate sectors in Israel and internationally. Elco Ltd. was founded in 1949 and is based in Tel Aviv, Israel. ELCO LTD operates under Conglomerates classification in Israel and is traded on Tel Aviv Stock Exchange.

Elco Stock Technical Analysis

Elco 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.
A focus of Elco technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Elco trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Elco Period Price Range

Low
December 24, 2024
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High

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Elco cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock 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.

Elco December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Elco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Elco shares will generate the highest return on investment. By undertsting and applying Elco stock market strength indicators, traders can identify Elco entry and exit signals to maximize returns

Elco Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Elco's price direction in advance. Along with the technical and fundamental analysis of Elco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Elco 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.

Complementary Tools for Elco Stock analysis

When running Elco's price analysis, check to measure Elco'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 Elco is operating at the current time. Most of Elco's value examination focuses on studying past and present price action to predict the probability of Elco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elco's price. Additionally, you may evaluate how the addition of Elco to your portfolios can decrease your overall portfolio volatility.
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