FSA FCIA - E L VP CFO

ELF-PH Preferred Stock  CAD 22.25  0.08  0.36%   

Insider

FSA FCIA is VP CFO of E L Financial 3
Phone416-947-2578
Webhttps://www.e-lfinancial.ca

E L Management Efficiency

The company has return on total asset (ROA) of (0.0149) % which means that it has lost $0.0149 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0685) %, meaning that it generated substantial loss on money invested by shareholders. E L's management efficiency ratios could be used to measure how well E L manages its routine affairs as well as how well it operates its assets and liabilities.
E L Financial 3 has accumulated 602.16 M in total debt with debt to equity ratio (D/E) of 7.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. E L Financial has a current ratio of 0.48, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist E L until it has trouble settling it off, either with new capital or with free cash flow. So, E L's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like E L Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ELF-PH to invest in growth at high rates of return. When we think about E L's use of debt, we should always consider it together with cash and equity.

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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. E L Financial 3 (ELF-PH) is traded on Toronto Exchange in Canada and employs 8 people.

Management Performance

E L Financial Leadership Team

Elected by the shareholders, the E L's board of directors comprises two types of representatives: E L inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ELF-PH. The board's role is to monitor E L's management team and ensure that shareholders' interests are well served. E L's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, E L's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark Sylvia, CEO Company
Steven Whitelaw, Sr Dominion
Duncan Jackman, Pres Chairman
Susan Clifford, Treasurer
FSA FCIA, VP CFO
Richard Carty, Gen VP
Nora Hohman, VicePres Dominion
Fahad Khan, VicePres Investments

ELF-PH Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is E L a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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 against ELF-PH Preferred Stock

  0.68ELF E L FinancialPairCorr
  0.49FFH-PD Fairfax FinancialPairCorr
  0.45FFH-PM Fairfax FinancialPairCorr
  0.45FFH-PG Fairfax Fin HldPairCorr
  0.42FFH-PH Fairfax FinancialPairCorr
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 3 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in ELF-PH Preferred Stock

E L financial ratios help investors to determine whether ELF-PH Preferred 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-PH with respect to the benefits of owning E L security.