Element Fleet Management Stock Price on July 16, 2024
| EFN Stock | CAD 29.62 0.56 1.86% |
If you're considering investing in Element Stock, it is important to understand the factors that can impact its price. As of today, the current price of Element Fleet stands at 29.62, as last reported on the 11th of December 2024, with the highest price reaching 30.11 and the lowest price hitting 29.44 during the day. As of now, Element Stock is very steady. Element Fleet Management secures Sharpe Ratio (or Efficiency) of 0.0717, which denotes the company had a 0.0717% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Element Fleet Management, which you can use to evaluate the volatility of the firm. Please confirm Element Fleet's Downside Deviation of 1.09, coefficient of variation of 1077.81, and Mean Deviation of 0.8022 to check if the risk estimate we provide is consistent with the expected return of 0.0849%.
Element Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Element |
Sharpe Ratio = 0.0717
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Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Element Fleet is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Element Fleet by adding it to a well-diversified portfolio.
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Element Fleet Valuation on July 16, 2024
It is possible to determine the worth of Element Fleet on a given historical date. On July 16, 2024 Element was worth 25.79 at the beginning of the trading date compared to the closed value of 26.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Element Fleet stock. Still, in general, we apply an absolute valuation method to find Element Fleet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Element Fleet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Element Fleet's related companies.
| Open | High | Low | Close | Volume | |
| 25.80 | 26.05 | 25.71 | 25.79 | 286,300 | |
07/16/2024 | 25.79 | 26.40 | 25.67 | 26.38 | 458,600 |
| 26.09 | 26.34 | 25.98 | 26.15 | 277,700 |
| Backtest Element Fleet | | | Element Fleet History | | | Element Fleet Valuation | Previous | Next |
Element Fleet Trading Date Momentum on July 16, 2024
| On July 17 2024 Element Fleet Management was traded for 26.15 at the closing time. The maximum traded price for the trading interval was 26.34 and the lowest daily price was 25.98 . The daily volume was recorded at 277.7 K. The volume of trading on 17th of July 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.87% . The overall trading delta to the closing price today is 0.11% . |
Element Fleet Management Fundamentals Correlations and Trends
By evaluating Element Fleet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Element Fleet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Element financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Element Fleet Stock history
Element Fleet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Element is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Element Fleet Management will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Element Fleet stock prices may prove useful in developing a viable investing in Element Fleet
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utility industries. ELEMENT FLEET operates under Rental Leasing Services classification in Canada and is traded on Toronto Stock Exchange.
Element Fleet Stock Technical Analysis
Element Fleet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Element Fleet Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Element Fleet Management cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Element Fleet December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Element Fleet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Element Fleet shares will generate the highest return on investment. By undertsting and applying Element Fleet stock market strength indicators, traders can identify Element Fleet Management entry and exit signals to maximize returns
Element Fleet Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Element Fleet's price direction in advance. Along with the technical and fundamental analysis of Element Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Element to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.086 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.9186 |
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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.