Enerflex Operating Income from 2010 to 2026
| EFX Stock | CAD 23.33 0.93 4.15% |
Operating Income | First Reported 2010-03-31 | Previous Quarter 76 M | Current Value 141.9 M | Quarterly Volatility 29 M |
Check Enerflex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enerflex's main balance sheet or income statement drivers, such as Depreciation And Amortization of 223.4 M, Interest Expense of 124.4 M or Selling General Administrative of 24.8 M, as well as many indicators such as Price To Sales Ratio of 0.74, Dividend Yield of 0.0055 or PTB Ratio of 1.03. Enerflex financial statements analysis is a perfect complement when working with Enerflex Valuation or Volatility modules.
Enerflex | Operating Income |
Latest Enerflex's Operating Income Growth Pattern
Below is the plot of the Operating Income of Enerflex over the last few years. Operating Income is the amount of profit realized from Enerflex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Enerflex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Enerflex's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enerflex's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Enerflex Operating Income Regression Statistics
| Arithmetic Mean | 119,845,250 | |
| Geometric Mean | 105,380,133 | |
| Coefficient Of Variation | 43.93 | |
| Mean Deviation | 39,474,471 | |
| Median | 116,287,000 | |
| Standard Deviation | 52,650,806 | |
| Sample Variance | 2772.1T | |
| Range | 214.4M | |
| R-Value | 0.05 | |
| Mean Square Error | 2949.6T | |
| R-Squared | 0 | |
| Significance | 0.85 | |
| Slope | 517,760 | |
| Total Sum of Squares | 44353.7T |
Enerflex Operating Income History
About Enerflex Financial Statements
Enerflex investors utilize fundamental indicators, such as Operating Income, to predict how Enerflex Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 155.7 M | 96.9 M |
Pair Trading with Enerflex
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enerflex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enerflex will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerflex Stock
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.84 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.72 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Enerflex Stock
| 0.88 | SAGE | Sage Potash Corp | PairCorr |
| 0.74 | T | Telus Corp | PairCorr |
| 0.58 | ENS-PA | E Split Corp | PairCorr |
| 0.58 | GSTM | Goldstorm Metals Corp | PairCorr |
The ability to find closely correlated positions to Enerflex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerflex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enerflex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enerflex to buy it.
The correlation of Enerflex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enerflex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enerflex Correlation against competitors. To learn how to invest in Enerflex Stock, please use our How to Invest in Enerflex guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.