Element Fleet Ownership
| EFN Stock | CAD 28.71 0.04 0.14% |
Shares in Circulation | First Issued 2011-06-30 | Previous Quarter 390.2 M | Current Value 243.3 M | Avarage Shares Outstanding 329.7 M | Quarterly Volatility 131.6 M |
Element |
Element Stock Ownership Analysis
About 50.0% of the company shares are held by institutions such as insurance companies. The book value of Element Fleet was currently reported as 6.86. The company has Price/Earnings To Growth (PEG) ratio of 1.15. Element Fleet Management last dividend was issued on the 31st of March 2025. The entity had 13:420 split on the 16th of December 2011. 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. To learn more about Element Fleet Management call Jay Forbes at 416 386 1067 or check out https://www.elementfleet.com.Element Fleet Outstanding Bonds
Element Fleet issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Element Fleet Management uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Element bonds can be classified according to their maturity, which is the date when Element Fleet Management has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
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.Moving against Element Stock
| 0.56 | VMY-H | Voice Mobility Inter | PairCorr |
| 0.35 | MTN-H | Martina Minerals Corp | PairCorr |
| 0.34 | NHT-U | NexPoint Hospitality | PairCorr |
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.