ELISA tests are known for their high sensitivity and specificity. Sensitivity refers to the test's ability to correctly identify positive cases, while specificity measures its ability to correctly identify negative cases. ELISA tests are designed to minimize false positives and false negatives, making them highly reliable for diagnosing diseases and detecting specific molecules. However, the exact sensitivity and specificity can vary depending on the test's design, quality control, and the choice of reagents, so these parameters may differ for different ELISA assays.