Electrovaya (ELVA)
Market Price (3/30/2026): $7.39 | Market Cap: $315.0 MilSector: Industrials | Industry: Electrical Components & Equipment
Electrovaya (ELVA)
Market Price (3/30/2026): $7.39Market Cap: $315.0 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 56% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 85x, P/EPrice/Earnings or Price/(Net Income) is 65x |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Electric Vehicles & Autonomous Driving. Themes include Advanced Battery Components, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 211% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% | |
| Key risksELVA key risks include [1] an extreme customer concentration, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 56% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Renewable Energy Transition, and Electric Vehicles & Autonomous Driving. Themes include Advanced Battery Components, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 62x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 85x, P/EPrice/Earnings or Price/(Net Income) is 65x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 211% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4% |
| Key risksELVA key risks include [1] an extreme customer concentration, Show more. |
Qualitative Assessment
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Electrovaya (ELVA) stock has gained about 55% since 11/30/2025 because of the following key factors:
1. Electrovaya reported strong financial results for fiscal year 2025 and provided an optimistic outlook for fiscal year 2026. The company announced on December 10, 2025, that FY 2025 revenue reached a record $63.8 million, representing a 43% year-over-year increase, and achieved its first annual net profit of $3.3 million, or $0.09 per share. Adjusted EBITDA for FY 2025 increased by 115% year-over-year to $8.8 million. This momentum continued into Q1 FY 2026, with revenue growing 39% year-over-year to $15.5 million and Adjusted EBITDA jumping 265% year-over-year to $2.0 million, surpassing analysts' consensus EPS estimates of $0.01 with reported earnings per share of $0.02. Management reaffirmed a fiscal year 2026 guidance projecting revenue growth exceeding 30% over FY 2025, surpassing $83 million.
2. The company is advancing its U.S. manufacturing expansion, supported by a significant EXIM loan. Electrovaya is making continued progress on the build-out of its Jamestown, New York gigafactory. This expansion is critically supported by drawdowns from a $50.8 million (or $51 million) direct loan facility from the Export-Import Bank of the United States (EXIM), which funds equipment procurement and scale-up activities. The Jamestown facility is expected to begin battery systems production in fiscal Q4 and battery cells in fiscal Q1 2027, which is crucial for meeting demand and potentially leveraging U.S. Production and Investment Tax Credits.
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1. Electrovaya reported strong financial results for fiscal year 2025 and provided an optimistic outlook for fiscal year 2026. The company announced on December 10, 2025, that FY 2025 revenue reached a record $63.8 million, representing a 43% year-over-year increase, and achieved its first annual net profit of $3.3 million, or $0.09 per share. Adjusted EBITDA for FY 2025 increased by 115% year-over-year to $8.8 million. This momentum continued into Q1 FY 2026, with revenue growing 39% year-over-year to $15.5 million and Adjusted EBITDA jumping 265% year-over-year to $2.0 million, surpassing analysts' consensus EPS estimates of $0.01 with reported earnings per share of $0.02. Management reaffirmed a fiscal year 2026 guidance projecting revenue growth exceeding 30% over FY 2025, surpassing $83 million.
2. The company is advancing its U.S. manufacturing expansion, supported by a significant EXIM loan. Electrovaya is making continued progress on the build-out of its Jamestown, New York gigafactory. This expansion is critically supported by drawdowns from a $50.8 million (or $51 million) direct loan facility from the Export-Import Bank of the United States (EXIM), which funds equipment procurement and scale-up activities. The Jamestown facility is expected to begin battery systems production in fiscal Q4 and battery cells in fiscal Q1 2027, which is crucial for meeting demand and potentially leveraging U.S. Production and Investment Tax Credits.
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Stock Movement Drivers
Fundamental Drivers
The 56.4% change in ELVA stock from 11/30/2025 to 3/29/2026 was primarily driven by a 224.0% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.73 | 7.40 | 56.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 68 | 23.9% |
| Net Income Margin (%) | 2.2% | 7.1% | 224.0% |
| P/E Multiple | 157.9 | 65.4 | -58.6% |
| Shares Outstanding (Mil) | 40 | 43 | -5.9% |
| Cumulative Contribution | 56.4% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ELVA | 56.4% | |
| Market (SPY) | -5.3% | 42.1% |
| Sector (XLI) | 3.9% | 35.0% |
Fundamental Drivers
The 21.9% change in ELVA stock from 8/31/2025 to 3/29/2026 was primarily driven by a 224.0% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.07 | 7.40 | 21.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 68 | 23.9% |
| Net Income Margin (%) | 2.2% | 7.1% | 224.0% |
| P/E Multiple | 202.7 | 65.4 | -67.7% |
| Shares Outstanding (Mil) | 40 | 43 | -5.9% |
| Cumulative Contribution | 21.9% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ELVA | 21.9% | |
| Market (SPY) | 0.6% | 36.3% |
| Sector (XLI) | 5.5% | 32.7% |
Fundamental Drivers
The 250.7% change in ELVA stock from 2/28/2025 to 3/29/2026 was primarily driven by a 174.6% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.11 | 7.40 | 250.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 68 | 55.6% |
| P/S Multiple | 1.7 | 4.6 | 174.6% |
| Shares Outstanding (Mil) | 35 | 43 | -18.0% |
| Cumulative Contribution | 250.7% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ELVA | 250.7% | |
| Market (SPY) | 9.8% | 21.3% |
| Sector (XLI) | 18.4% | 24.3% |
Fundamental Drivers
The 798.1% change in ELVA stock from 2/28/2023 to 3/29/2026 was primarily driven by a 337.1% change in the company's P/S Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.82 | 7.40 | 798.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23 | 68 | 198.5% |
| P/S Multiple | 1.1 | 4.6 | 337.1% |
| Shares Outstanding (Mil) | 29 | 43 | -31.2% |
| Cumulative Contribution | 798.1% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| ELVA | 798.1% | |
| Market (SPY) | 69.4% | 3.6% |
| Sector (XLI) | 65.1% | 4.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ELVA Return | -39% | 2% | 314% | -19% | 219% | -7% | 523% |
| Peers Return | -46% | -46% | 3% | -3% | 60% | -23% | -65% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| ELVA Win Rate | 25% | 42% | 33% | 33% | 75% | 33% | |
| Peers Win Rate | 39% | 40% | 48% | 37% | 50% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| ELVA Max Drawdown | -44% | -44% | -7% | -37% | -18% | -8% | |
| Peers Max Drawdown | -49% | -61% | -25% | -45% | -33% | -27% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, MVST, FLUX, QS, SLDP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | ELVA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -78.8% | -25.4% |
| % Gain to Breakeven | 371.7% | 34.1% |
| Time to Breakeven | 358 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -38.9% | -33.9% |
| % Gain to Breakeven | 63.5% | 51.3% |
| Time to Breakeven | 58 days | 148 days |
| 2018 Correction | ||
| % Loss | -95.7% | -19.8% |
| % Gain to Breakeven | 2213.7% | 24.7% |
| Time to Breakeven | 1,631 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.3% | -56.8% |
| % Gain to Breakeven | 499.4% | 131.3% |
| Time to Breakeven | 113 days | 1,480 days |
Compare to ENS, MVST, FLUX, QS, SLDP
In The Past
Electrovaya's stock fell -78.8% during the 2022 Inflation Shock from a high on 1/20/2021. A -78.8% loss requires a 371.7% gain to breakeven.
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About Electrovaya (ELVA)
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as competencies in building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
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Here are 1-2 brief analogies to describe Electrovaya:
They're like the electric version of Cummins for industrial and commercial vehicles, building the advanced lithium-ion battery systems that power heavy-duty equipment like forklifts and electric buses.
Think of them as a B2B battery supplier similar to LG Energy Solution or CATL, but specifically focused on robust battery systems for specialized applications like electric forklifts, heavy-duty trucks, and industrial energy storage.
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- Lithium-ion Batteries and Battery Management Systems (BMS): Core components designed, developed, and manufactured for various specialized applications.
- Battery Chargers: Devices specifically designed for charging their specialized lithium-ion batteries.
- Battery Systems for Materials Handling EVs: Integrated battery solutions tailored for electric forklifts and automated guided vehicles.
- Electromotive Power Products: High-performance battery systems developed for electric trucks, buses, and other transportation applications.
- Industrial Energy Storage Products: Robust battery solutions designed for stationary energy storage applications.
- Power Solutions (System Building): Services providing expertise in designing and building custom battery systems for third-party clients.
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Electrovaya (ELVA) primarily sells its lithium-ion batteries, battery management systems, and related products to other companies (Business-to-Business or B2B) rather than directly to individuals. Due to confidentiality agreements common in industrial supply chains, Electrovaya does not publicly disclose the specific names of its major customer companies.
However, based on the company's descriptions and investor communications, its major customers are companies operating within the following sectors:
- Heavy-Duty Electric Vehicle Original Equipment Manufacturers (OEMs): These are manufacturers of electric trucks, electric buses, and other heavy-duty electric transportation applications. Electrovaya has publicly mentioned a "leading multi-billion dollar heavy-duty truck and bus OEM" as a significant customer.
- Material Handling Equipment Manufacturers and Integrators: Companies that produce or integrate electric forklifts, automated guided vehicles (AGVs), and other industrial material handling vehicles. Electrovaya has referred to a "multi-billion dollar Fortune 500 company in the material handling sector" as a key client.
- Energy Storage System (ESS) Providers: Companies that design, integrate, and deploy battery energy storage solutions for industrial, commercial, or utility-scale applications.
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Dr. Rajshekar DasGupta, Chief Executive Officer
Raj DasGupta was appointed CEO of Electrovaya in May 2022. He has been with the company since 2009, having been involved with various aspects of the business, including cell manufacturing, engineering activities, and business development. Dr. DasGupta has been instrumental in developing Electrovaya's key technology and business relationships, including its current forklift battery systems and OEM partnerships. He is also an author on several key patents. Dr. DasGupta holds a Doctorate in Materials Science from the University of Cambridge and previously attended Imperial College, London, and the Massachusetts Institute of Technology (MIT).
John Gibson, Chief Financial Officer
John Gibson was appointed Chief Financial Officer of Electrovaya effective June 13, 2022. He is a Certified Professional Accountant (CPA, CA) with over 15 years of experience in both public and private corporations. Mr. Gibson brings significant expertise in corporate accounting and finance, strategic and financial planning, internal controls, and systems. Prior to joining Electrovaya, he served as VP Finance at Adlib Software and held leadership roles in manufacturing for ten years. He earned his undergraduate degree in accounting from Strathclyde University and a Master's degree in Information Technology and Business from Glasgow University.
Dr. Sankar Das Gupta, Executive Chairman
Dr. Sankar Das Gupta co-founded Electrovaya in 1996. He previously served as CEO and transitioned to the role of Executive Chairman in May 2022. Dr. Das Gupta is recognized internationally as a scientist in electrochemistry, material science, and alternative energy, and is a serial entrepreneur with over 50 US patents. He received his doctorate from Imperial College, London, and is a graduate of Presidency College, Calcutta. He serves as an Adjunct Professor in the Faculty of Engineering at the University of Toronto. Dr. Das Gupta has been a member of various committees, including the White House Committee on Energy & Environment, and has served as an Advisor to the Indian Prime Minister on Climate Change and Energy Transformation.
Jason Roy, Vice President of Corporate Development & Investor Relations
Jason Roy serves as the Vice President of Corporate Development & Investor Relations. He has participated in investor webcasts alongside the CEO and CFO to discuss the company's strategy and business model.
Dr. James Jacobs, Co-Founder & Director
Dr. James Jacobs co-founded Electrovaya in 1996. He currently serves as a Director and is listed as part of the company's leadership team.
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Electrovaya (ELVA) faces several key risks inherent in its business of designing, developing, manufacturing, and selling lithium-ion batteries and related products. Here are the key risks to the business:- Customer Concentration and Order Volatility: Electrovaya has recently achieved profitability, and its financial stability could be impacted by a significant reliance on a limited number of major customers. The loss of a key customer or the non-renewal of substantial contracts could lead to a material adverse effect on the company's revenue and profitability. The company has experienced delays in customer orders in the past, highlighting the sensitivity to such events.
- Execution Risk in Manufacturing Scale-up and Growth: Electrovaya has outlined ambitious growth strategies, including expanding its manufacturing capabilities, particularly at its Jamestown facility. The successful execution of these plans is crucial for future performance. Risks include securing adequate financing for expansion, managing potential supply chain constraints, and addressing labor shortages. Delays or failures in scaling up production to meet anticipated demand could impede growth and affect financial results.
- Intense Competition and Rapid Technological Advancements: Operating in the dynamic lithium-ion battery market exposes Electrovaya to significant competitive pressures and the risk of rapid technological obsolescence. While the company highlights its proprietary ceramic separator technology for enhanced safety and longevity, there is an ongoing risk that competitors may develop superior, more efficient, or more cost-effective battery solutions. The continuous evolution of battery technology, such as solid-state batteries, necessitates ongoing research and development to maintain a competitive edge.
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Electrovaya (NASDAQ: ELVA) operates within several addressable markets for its lithium-ion batteries and related products. The main product categories and their corresponding market sizes are detailed below:
Materials Handling Electric Vehicles (Forklifts, AGVs)
- The global AGV & forklift lithium battery market was valued at approximately USD 3.8 billion in 2024 and is projected to reach around USD 14.4 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 16.2% from 2025 to 2033. North America represents the largest market for AGV & forklift lithium batteries.
- Specifically, the U.S. forklift battery market was valued at USD 810.5 million in 2020 and is anticipated to grow to USD 1,785.3 million by 2030, with an 8.5% CAGR from 2021 to 2030.
- Another estimate places the global forklift battery market size at approximately USD 6.72 billion in 2024, with a projection to reach USD 12.93 billion by 2034, growing at a CAGR of approximately 6.76% between 2025 and 2034.
Electromotive Power Products (Electric Trucks, Electric Buses, and other Transportation Applications)
- The North America Lithium-ion Battery for Electric Vehicle Market is estimated at USD 21.60 billion in 2025 and is expected to grow to USD 59.80 billion by 2030, with a CAGR of 22.59% during this period.
- The global market for hybrid and electric buses and trucks is projected to be valued at USD 80.7 billion in 2025 and is expected to reach USD 198.3 billion by 2032, growing at a CAGR of 13.7% from 2025 to 2032. North America's share of this market is 21% in 2025.
- The market for EV bus and heavy-duty truck batteries was valued at USD 14.85 billion in 2024 and is projected to reach USD 69.31 billion by 2033, with a CAGR of 18.67%.
- The electric truck market alone is estimated at USD 5.25 billion in 2025 and is projected to grow significantly to USD 32.13 billion by 2032, at a CAGR of 29.5%.
- The broader global electric vehicle battery market was valued at USD 76.59 billion in 2024 and is projected to reach USD 739.31 billion by 2034, with a CAGR of 25.95% from 2025 to 2034. The U.S. electric vehicle battery market alone was valued at USD 9.95 billion in 2024 and is expected to grow at a CAGR of 26.70% from 2025 to 2034.
Industrial Products for Energy Storage
- The North America energy storage systems market was valued at USD 68.9 billion in 2023 and is projected to grow at a CAGR of 16.1% between 2024 and 2032.
- The global Commercial And Industrial (C&I) Energy Storage Market is expected to reach approximately USD 293.7 billion by 2034, from USD 87.3 billion in 2024, growing at a CAGR of 12.9% from 2025 to 2034. In 2024, North America held a significant share of this market, with USD 33.5 million in revenue.
- The North America Battery Energy Storage System Market was valued at USD 20.82 billion in 2025 and is estimated to grow to USD 49.34 billion by 2031, at a CAGR of 15.48%.
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Electrovaya (NASDAQ: ELVA) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:- Expansion of U.S. Manufacturing Capacity: The company's expansion of its Jamestown, New York manufacturing facility is a significant driver. This expansion is crucial for supporting growing demand, enhancing gross margins through vertical integration, and making Electrovaya's energy storage products eligible for Section 45X production tax credits. The Jamestown facility is targeted for cell production by fiscal 2027.
- Continued Penetration and Growth in the Material Handling Sector: Electrovaya maintains strong momentum from key Original Equipment Manufacturer (OEM) partners in the material handling sector. The company continues to secure significant purchase orders from large customers, including a recent $10.5 million order from a Fortune 500 U.S.-based customer for its Infinity battery systems for material handling electric vehicles, indicating ongoing demand and potential for further growth within its core market.
- Diversification and Expansion into New Market Verticals: Electrovaya is actively expanding its market presence beyond material handling by developing and launching new battery system products for various robotic vehicle platforms. The company is exploring new market opportunities in diverse sectors such as mining, robotics, airport ground support equipment, rail, military applications, and stationary energy storage systems, with some of these new verticals expected to contribute meaningfully to revenue by 2026. Robotics, in particular, is identified as a rapidly expanding segment with high growth potential.
- Launch of New Products and Advanced Battery Technologies: The continuous development and launch of new and advanced battery technologies are key to future revenue growth. This includes the introduction of Infinity-HV Battery Systems for electric bus, truck, and energy storage applications, as well as ongoing progress in next-generation ceramic separators, solid-state battery development, and ultrafast charging technologies. These innovations aim to offer superior safety, durability, long cycle life, and performance, thereby broadening application areas and competitive advantages.
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Share Issuance
- Subsequent to fiscal year 2025, Electrovaya raised $28.1 million through an equity issuance to support growth in new verticals, research and development initiatives, and the expansion of its energy-as-a-service offering.
- The company's balance sheet was strengthened through equity issuances, alongside strong operational performance and expanded financial flexibility from new credit facilities.
Inbound Investments
- Electrovaya secured new financing, including an up-to-$25 million BMO ABL (Asset-Based Lending) facility.
- The company obtained a $51 million EXIM (Export-Import Bank) loan facility, with an anticipated $50.8 million portion aimed at enhancing production capacity.
Capital Expenditures
- In the last 12 months, Electrovaya's capital expenditures amounted to approximately -$6.83 million.
- A primary focus of capital expenditures has been the advancement and expansion of the Jamestown manufacturing facility, supported in part by the EXIM facility.
- The company plans to invest in technology development and recurring revenue expansion, alongside anticipated revenue growth exceeding 30% in fiscal year 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Electrovaya Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.59 |
| Mkt Cap | 0.5 |
| Rev LTM | 64 |
| Op Inc LTM | 2 |
| FCF LTM | -16 |
| FCF 3Y Avg | -43 |
| CFO LTM | -2 |
| CFO 3Y Avg | -1 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 18.9% |
| Rev Chg Q | -15.0% |
| QoQ Delta Rev Chg LTM | -3.8% |
| Op Mgn LTM | 2.6% |
| Op Mgn 3Y Avg | -8.8% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 5.4% |
| CFO/Rev 3Y Avg | -2.0% |
| FCF/Rev LTM | -13.3% |
| FCF/Rev 3Y Avg | -12.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | 1.7 |
| P/EBIT | -5.7 |
| P/E | -5.0 |
| P/CFO | 1.8 |
| Total Yield | -8.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -10.0% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -13.5% |
| 3M Rtn | -31.4% |
| 6M Rtn | -36.1% |
| 12M Rtn | 65.1% |
| 3Y Rtn | 14.6% |
| 1M Excs Rtn | -11.1% |
| 3M Excs Rtn | -23.4% |
| 6M Excs Rtn | -32.8% |
| 12M Excs Rtn | 46.6% |
| 3Y Excs Rtn | -50.3% |
Price Behavior
Price Behavior
| Market Price | $7.40 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 12/28/2006 | |
| Distance from 52W High | -34.1% | |
| 50 Days | 200 Days | |
| DMA Price | $8.71 | $6.34 |
| DMA Trend | up | up |
| Distance from DMA | -15.0% | 16.7% |
| 3M | 1YR | |
| Volatility | 84.4% | 80.4% |
| Downside Capture | 1.72 | 1.01 |
| Upside Capture | 343.76 | 239.65 |
| Correlation (SPY) | 43.1% | 23.9% |
ELVA Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.65 | 2.50 | 3.31 | 2.50 | 0.73 | 0.47 |
| Up Beta | 6.09 | 4.29 | 1.57 | 1.87 | 0.19 | 0.49 |
| Down Beta | 5.54 | 0.74 | 1.47 | 1.35 | 0.42 | 1.16 |
| Up Capture | 194% | 303% | 916% | 509% | 393% | 106% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 23 | 36 | 61 | 126 | 336 |
| Down Capture | 522% | 269% | 263% | 234% | 101% | 47% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 18 | 24 | 62 | 119 | 393 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELVA | |
|---|---|---|---|---|
| ELVA | 213.3% | 80.1% | 1.77 | - |
| Sector ETF (XLI) | 20.5% | 19.2% | 0.84 | 25.2% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 23.6% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 11.8% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 5.2% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 9.6% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 25.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELVA | |
|---|---|---|---|---|
| ELVA | 36.8% | 185.7% | 0.52 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 7.6% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 7.4% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 1.3% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 6.8% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 5.2% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 7.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELVA | |
|---|---|---|---|---|
| ELVA | 34.6% | 155.5% | 0.59 | - |
| Sector ETF (XLI) | 13.0% | 19.8% | 0.58 | 6.8% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 7.0% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 2.2% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 6.9% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 5.6% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 4.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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