ELF Income Quality from 2010 to 2026
| ELF Stock | CAD 17.16 0.07 0.41% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 0.3 | Current Value 0.59 | Quarterly Volatility 2.8244216 |
Check E L financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among E L's main balance sheet or income statement drivers, such as Interest Expense of 30.6 M, Total Revenue of 1.9 B or Gross Profit of 2 B, as well as many indicators such as Price To Sales Ratio of 1.1, Dividend Yield of 0.0583 or PTB Ratio of 1.05. ELF financial statements analysis is a perfect complement when working with E L Valuation or Volatility modules.
ELF | Income Quality |
Evaluating E L's Income Quality across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into E L Financial Corp's fundamental strength.
Latest E L's Income Quality Growth Pattern
Below is the plot of the Income Quality of E L Financial Corp over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. E L's Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in E L's overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
ELF Income Quality Regression Statistics
| Arithmetic Mean | 0.17 | |
| Coefficient Of Variation | 1,676 | |
| Mean Deviation | 1.27 | |
| Median | 0.38 | |
| Standard Deviation | 2.82 | |
| Sample Variance | 7.98 | |
| Range | 15.547 | |
| R-Value | 0.27 | |
| Mean Square Error | 7.88 | |
| R-Squared | 0.07 | |
| Significance | 0.29 | |
| Slope | 0.15 | |
| Total Sum of Squares | 127.64 |
ELF Income Quality History
About E L Financial Statements
E L investors utilize fundamental indicators, such as Income Quality, to predict how ELF 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 | ||
| Income Quality | 0.30 | 0.59 |
Pair Trading with E L
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 E L 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 E L will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to E L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E L 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 E L - 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 E L Financial Corp to buy it.
The correlation of E L 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 E L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E L Financial 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 E L 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.Other Information on Investing in ELF Stock
E L financial ratios help investors to determine whether ELF 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 ELF with respect to the benefits of owning E L security.