E-L Financial Full Year 2023 Earnings EPS CA266 - Yahoo Canada Finance
| ELF Stock | CAD 1,475 25.00 1.67% |
About 62% of E L's investor base is looking to short. The analysis of the overall prospects from investing in E L Financial Corp suggests that many traders are, at the present time, alarmed. E L's investing sentiment overview a quick insight into current market opportunities from investing in E L Financial Corp. Many technical investors use E L Financial stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
ELF |
E-L Financial Full Year 2023 Earnings EPS CA266 Yahoo Canada Finance
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E L Fundamental Analysis
We analyze E L's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of E L using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of E L based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
E L is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
E L Financial Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with E L stock to make a market-neutral strategy. Peer analysis of E L could also be used in its relative valuation, which is a method of valuing E L by comparing valuation metrics with similar companies.
Peers
E L Related Equities
| FFH | Fairfax Financial | 0.81 | ||||
| IAG | IA Financial | 0.66 | ||||
| EVT | Economic Investment | 0.01 | ||||
| ALC | Algoma Central | 0.66 | ||||
| WPK | Winpak | 5.54 |
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.