ELF Operating Margin from 2010 to 2026
| ELF Stock | CAD 18.44 0.33 1.82% |
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 | Operating Margin |
Latest E L's Operating Margin Growth Pattern
Below is the plot of the Operating Profit Margin of E L Financial Corp over the last few years. It is E L's Operating Profit Margin 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.
| View | Last Reported 0.68 % | 10 Years Trend |
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Operating Profit Margin |
| Timeline |
ELF Operating Margin Regression Statistics
| Arithmetic Mean | 0.42 | |
| Coefficient Of Variation | 53.15 | |
| Mean Deviation | 0.17 | |
| Median | 0.41 | |
| Standard Deviation | 0.23 | |
| Sample Variance | 0.05 | |
| Range | 0.8848 | |
| R-Value | 0.30 | |
| Mean Square Error | 0.05 | |
| R-Squared | 0.09 | |
| Significance | 0.24 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.81 |
ELF Operating Margin History
About E L Financial Statements
E L investors utilize fundamental indicators, such as Operating Margin, 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.
E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. The company was incorporated in 1968 and is headquartered in Toronto, Canada. E L operates under Insurance - Property Casualty classification in Canada and is traded on Toronto Stock Exchange.
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.Moving together with ELF Stock
Moving against ELF Stock
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.