Elliptic Laboratories (Norway) Market Value

ELABS Stock  NOK 13.20  0.12  0.90%   
Elliptic Laboratories' market value is the price at which a share of Elliptic Laboratories trades on a public exchange. It measures the collective expectations of Elliptic Laboratories AS investors about its performance. Elliptic Laboratories is selling at 13.20 as of the 23rd of July 2025; that is 0.9 percent down since the beginning of the trading day. The stock's open price was 13.32.
With this module, you can estimate the performance of a buy and hold strategy of Elliptic Laboratories AS and determine expected loss or profit from investing in Elliptic Laboratories over a given investment horizon. Check out Elliptic Laboratories Correlation, Elliptic Laboratories Volatility and Elliptic Laboratories Alpha and Beta module to complement your research on Elliptic Laboratories.
Symbol

Please note, there is a significant difference between Elliptic Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Elliptic Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elliptic Laboratories' 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.

Elliptic Laboratories '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 Elliptic Laboratories' 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 Elliptic Laboratories.
0.00
04/24/2025
No Change 0.00  0.0 
In 2 months and 31 days
07/23/2025
0.00
If you would invest  0.00  in Elliptic Laboratories on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Elliptic Laboratories AS or generate 0.0% return on investment in Elliptic Laboratories over 90 days. Elliptic Laboratories is related to or competes with ExpreS2ion Biotech, Kongsberg Automotive, Polight ASA, SpareBank, Atlantic Sapphire, Norwegian Air, and SeaBird Exploration. Elliptic Laboratories AS provides software-based artificial intelligence virtual smart sensors in Norway, China, South K... More

Elliptic Laboratories 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 Elliptic Laboratories' 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 Elliptic Laboratories AS upside and downside potential and time the market with a certain degree of confidence.

Elliptic Laboratories Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Elliptic Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elliptic Laboratories' standard deviation. In reality, there are many statistical measures that can use Elliptic Laboratories historical prices to predict the future Elliptic Laboratories' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elliptic Laboratories' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.5513.2016.85
Details
Intrinsic
Valuation
LowRealHigh
10.7914.4418.09
Details
Naive
Forecast
LowNextHigh
10.0113.6617.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.5613.4619.36
Details

Elliptic Laboratories Backtested Returns

Elliptic Laboratories appears to be somewhat reliable, given 3 months investment horizon. Elliptic Laboratories secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18 % return per unit of risk over the last 3 months. By reviewing Elliptic Laboratories' technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Elliptic Laboratories' Downside Deviation of 3.11, coefficient of variation of 543.81, and Mean Deviation of 2.85 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elliptic Laboratories holds a performance score of 14. The firm shows a Beta (market volatility) of -0.0956, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elliptic Laboratories are expected to decrease at a much lower rate. During the bear market, Elliptic Laboratories is likely to outperform the market. Please check Elliptic Laboratories' downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Elliptic Laboratories' price patterns will revert.

Auto-correlation

    
  -0.11  

Insignificant reverse predictability

Elliptic Laboratories AS has insignificant reverse predictability. Overlapping area represents the amount of predictability between Elliptic Laboratories time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 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 Elliptic Laboratories price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Elliptic Laboratories price fluctuation can be explain by its past prices.
Correlation Coefficient-0.11
Spearman Rank Test-0.11
Residual Average0.0
Price Variance0.18

Elliptic Laboratories lagged returns against current returns

Autocorrelation, which is Elliptic Laboratories 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 Elliptic Laboratories' stock expected returns. We can calculate the autocorrelation of Elliptic Laboratories returns to help us make a trade decision. For example, suppose you find that Elliptic Laboratories 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  

Elliptic Laboratories 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 Elliptic Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elliptic Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elliptic Laboratories stock over time.
   Current vs Lagged Prices   
       Timeline  

Elliptic Laboratories Lagged Returns

When evaluating Elliptic Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elliptic Laboratories stock have on its future price. Elliptic Laboratories 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, Elliptic Laboratories autocorrelation shows the relationship between Elliptic Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in Elliptic Laboratories AS.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Elliptic Stock

Elliptic Laboratories financial ratios help investors to determine whether Elliptic Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elliptic with respect to the benefits of owning Elliptic Laboratories security.