Element Stock Based Compensation from 2010 to 2024
| EFN Stock | CAD 28.99 0.19 0.65% |
Stock Based Compensation | First Reported 2011-09-30 | Previous Quarter 14.5 M | Current Value 9.3 M | Quarterly Volatility 4.3 M |
Check Element Fleet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Element Fleet's main balance sheet or income statement drivers, such as Depreciation And Amortization of 800 M, Interest Expense of 614.7 M or Selling General Administrative of 177.3 M, as well as many indicators such as Price To Sales Ratio of 8.33, Dividend Yield of 0.0188 or PTB Ratio of 1.94. Element financial statements analysis is a perfect complement when working with Element Fleet Valuation or Volatility modules.
Element | Stock Based Compensation |
Pair Trading with Element Fleet
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 Element Fleet 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 Element Fleet will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Element Fleet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Element Fleet 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 Element Fleet - 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 Element Fleet Management to buy it.
The correlation of Element Fleet 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 Element Fleet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Element Fleet Management 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 Element Fleet 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 Element Stock
Element Fleet financial ratios help investors to determine whether Element 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 Element with respect to the benefits of owning Element Fleet security.