ELF Historical Financial Ratios
| ELF Stock | CAD 1,475 25.00 1.67% |
E L is recently reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.77 or Days Sales Outstanding of 0.0942 will help investors to properly organize and evaluate E L Financial financial condition quickly.
ELF |
About ELF Financial Ratios Analysis
E L FinancialFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate E L investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on ELF financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across E L history.
E L Financial Ratios Chart
Add Fundamental
Dividend Yield
Dividend Yield is E L Financial Corp dividend as a percentage of E L stock price. E L Financial dividend yield is a measure of E L stock productivity, which can be interpreted as interest rate earned on an E L investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from E L's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into E L Financial current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, E L's EV To Sales is very stable compared to the past year. As of the 26th of November 2024, Free Cash Flow Per Share is likely to grow to 223.68, while Dividend Yield is likely to drop 0.01.
| 2021 | 2022 (projected) | PTB Ratio | 0.45 | 0.47 | Dividend Yield | 0.1 | 0.0455 |
E L fundamentals Correlations
Click cells to compare fundamentals
E L Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 FinancialFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate E L investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on ELF financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across E L history.