ESTC (Elastic NV) Momentum Rank : 5 (As of Jan. 18, 2025)

View and export this data going back to 2018. Start your Free Trial

What is Elastic NV Momentum Rank?

Elastic NV has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Elastic NV's Momentum Rank

For the Software - Application subindustry, Elastic NV's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Elastic NV's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Elastic NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elastic NV's Momentum Rank falls into.

Elastic NV Momentum Rank Related Terms

Thank you for viewing the detailed overview of Elastic NV's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Elastic NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Elastic NV (NYSE:ESTC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3E1:Germany E2ST34:Brazil

Address

Keizersgracht 281, Amsterdam, NH, NLD, 1016 ED

Website

https://www.elastic.co

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

Executives

Ashutosh Kulkarni	officer: Chief Executive Officer	6220 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Shay Banon	director, 10 percent owner, officer: CEO and Chairman	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Carolyn Herzog	officer: Chief Legal Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Ken Exner	officer: Chief Product Officer	C/O ELASTIC NV, 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Janesh Moorjani	officer: Chief Financial Officer	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Auvil Paul R. Iii	director	C/O PROOFPOINT, INC., 892 ROSS DRIVE, SUNNYVALE CA 94089
Steven Schuurman	director, 10 percent owner	C/O ELASTIC NV, 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Alison Gleeson	director	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Shelley B Leibowitz	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Chetan Puttagunta	director	2855 SAND HILL ROAD, MENLO PARK CA 94025
Sohaib Abbasi	director	100 EAST DAVIE STREET, RALEIGH NC 27601
Jonathan Chadwick	director	3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Garrett W.h. Baird	officer: SVP and General Counsel	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040
Peter H Fenton	director, 10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Paul Andrew Appleby	officer: President, Worldwide Field Ops	C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040