Element Net Working Capital from 2010 to 2026
| EFN Stock | CAD 34.50 1.22 3.42% |
Net Working Capital | First Reported 2020-03-31 | Previous Quarter 7.8 B | Current Value 7.8 B | Quarterly Volatility 1.5 B |
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 35.7 M, Interest Expense of 6.8 M or Selling General Administrative of 88.2 M, as well as many indicators such as Price To Sales Ratio of 10.35, Dividend Yield of 0.0139 or PTB Ratio of 2.73. Element financial statements analysis is a perfect complement when working with Element Fleet Valuation or Volatility modules.
Element | Net Working Capital |
Latest Element Fleet's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Element Fleet Management over the last few years. It is Element Fleet's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Element Fleet's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
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Net Working Capital |
| Timeline |
Element Net Working Capital Regression Statistics
| Arithmetic Mean | 10,708,229,900 | |
| Geometric Mean | 10,296,514,762 | |
| Coefficient Of Variation | 26.97 | |
| Mean Deviation | 2,665,034,000 | |
| Median | 13,082,431,000 | |
| Standard Deviation | 2,887,477,382 | |
| Sample Variance | 8337525.6T | |
| Range | 7.2B | |
| R-Value | (0.87) | |
| Mean Square Error | 2118715.4T | |
| R-Squared | 0.76 | |
| Slope | (499,066,970) | |
| Total Sum of Squares | 133400410.1T |
Element Net Working Capital History
About Element Fleet Financial Statements
Element Fleet investors utilize fundamental indicators, such as Net Working Capital, to predict how Element Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 6.2 B | 7.7 B |
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
| 0.6 | TRP | TC Energy Corp | PairCorr |
| 0.58 | CM | Canadian Imperial Bank | PairCorr |
| 0.57 | ELD | Eldorado Gold Corp | PairCorr |
| 0.54 | BNS | Bank of Nova Scotia | PairCorr |
| 0.54 | PTEC | Principal Technologies | 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.