Element Investments vs Sale Purchase Of Stock Analysis

EFN Stock

CAD 35.99 0.05 0.14%

Element Fleet financial indicator trend analysis is much more than just examining Element Fleet Management latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Element Fleet Management is a good investment. Please check the relationship between Element Fleet Investments and its Sale Purchase Of Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Element Fleet Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Investments vs Sale Purchase Of Stock

Investments vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Element Fleet Management Investments account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Element Fleet's Investments and Sale Purchase Of Stock is 0.33. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Element Fleet Management, assuming nothing else is changed. The correlation between historical values of Element Fleet's Investments and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Element Fleet Management are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Investments i.e., Element Fleet's Investments and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

0.33

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Sale Purchase Of Stock

Most indicators from Element Fleet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Element Fleet Management current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Element Fleet Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

At this time, Element Fleet's Selling General Administrative is very stable compared to the past year. As of the 5th of August 2025, Tax Provision is likely to grow to about 132.7 M, while Discontinued Operations is likely to drop about 151.9 M.

	2022	2023	2024	2025 (projected)
Interest Expense	3.8M	585.5M	6.2M	5.9M
Depreciation And Amortization	1.1B	572.5M	658.4M	800.0M

Interest Expense Depreciation And Amortization

Element Fleet fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Other Stockholder Equity	Property Plant And Equipment Gross	Short Term Debt	Non Currrent Assets Other	Other Assets	Good Will	Common Stock Total Equity
Total Assets		0.96	-0.48	0.68	0.99	0.87	0.97	0.16	0.54	0.01	0.91	0.01	0.86	0.7	0.27	1.0	0.97	0.96	0.83	0.28	0.72	0.75	-0.46	0.62	0.92	0.92
Short Long Term Debt Total	0.96		-0.64	0.75	0.93	0.76	0.99	0.09	0.37	-0.07	0.8	-0.07	0.87	0.55	0.32	0.96	0.97	0.9	0.7	0.35	0.55	0.75	-0.61	0.55	0.82	0.84
Other Current Liab	-0.48	-0.64		-0.51	-0.42	-0.12	-0.59	0.33	0.43	0.4	-0.14	0.4	-0.7	-0.05	-0.24	-0.49	-0.58	-0.38	-0.04	-0.62	0.16	-0.7	0.72	-0.21	-0.19	-0.22
Total Current Liabilities	0.68	0.75	-0.51		0.71	0.64	0.65	0.23	0.19	-0.01	0.57	-0.01	0.66	0.03	-0.1	0.67	0.63	0.67	0.35	0.12	0.51	0.67	-0.86	0.71	0.49	0.64
Total Stockholder Equity	0.99	0.93	-0.42	0.71		0.89	0.94	0.15	0.57	0.0	0.93	0.0	0.86	0.68	0.21	0.98	0.95	0.99	0.85	0.28	0.75	0.75	-0.46	0.63	0.92	0.95
Property Plant And Equipment Net	0.87	0.76	-0.12	0.64	0.89		0.76	0.28	0.72	0.21	0.97	0.21	0.65	0.68	0.11	0.86	0.75	0.88	0.79	0.06	0.95	0.61	-0.32	0.66	0.86	0.92
Net Debt	0.97	0.99	-0.59	0.65	0.94	0.76		0.08	0.41	-0.06	0.82	-0.06	0.86	0.65	0.41	0.98	0.99	0.91	0.75	0.33	0.57	0.73	-0.5	0.5	0.86	0.85
Retained Earnings	0.16	0.09	0.33	0.23	0.15	0.28	0.08		0.57	0.66	0.22	0.66	-0.27	0.07	-0.3	0.17	0.09	0.1	0.23	-0.73	0.39	-0.12	0.02	0.33	0.22	0.28
Accounts Payable	0.54	0.37	0.43	0.19	0.57	0.72	0.41	0.57		0.41	0.75	0.41	0.13	0.68	0.0	0.53	0.43	0.6	0.8	-0.3	0.81	0.02	0.26	0.3	0.74	0.73
Cash	0.01	-0.07	0.4	-0.01	0.0	0.21	-0.06	0.66	0.41		0.13	1.0	-0.32	0.08	-0.19	0.01	-0.06	-0.01	0.09	-0.67	0.31	-0.21	0.16	0.14	0.05	0.11
Non Current Assets Total	0.91	0.8	-0.14	0.57	0.93	0.97	0.82	0.22	0.75	0.13		0.13	0.7	0.79	0.2	0.9	0.82	0.93	0.89	0.14	0.92	0.61	-0.23	0.58	0.95	0.95
Cash And Short Term Investments	0.01	-0.07	0.4	-0.01	0.0	0.21	-0.06	0.66	0.41	1.0	0.13		-0.32	0.08	-0.19	0.01	-0.06	-0.01	0.09	-0.67	0.31	-0.21	0.16	0.14	0.05	0.11
Net Receivables	0.86	0.87	-0.7	0.66	0.86	0.65	0.86	-0.27	0.13	-0.32	0.7	-0.32		0.47	0.2	0.86	0.87	0.84	0.61	0.65	0.44	0.83	-0.62	0.54	0.72	0.7
Non Current Liabilities Total	0.7	0.55	-0.05	0.03	0.68	0.68	0.65	0.07	0.68	0.08	0.79	0.08	0.47		0.41	0.7	0.68	0.7	0.83	0.18	0.65	0.39	0.28	0.14	0.82	0.71
Other Current Assets	0.27	0.32	-0.24	-0.1	0.21	0.11	0.41	-0.3	0.0	-0.19	0.2	-0.19	0.2	0.41		0.29	0.34	0.21	0.18	0.08	0.03	0.17	0.08	-0.1	0.24	0.17
Total Liab	1.0	0.96	-0.49	0.67	0.98	0.86	0.98	0.17	0.53	0.01	0.9	0.01	0.86	0.7	0.29		0.98	0.95	0.82	0.28	0.7	0.75	-0.46	0.61	0.92	0.91
Total Current Assets	0.97	0.97	-0.58	0.63	0.95	0.75	0.99	0.09	0.43	-0.06	0.82	-0.06	0.87	0.68	0.34	0.98		0.93	0.79	0.35	0.56	0.73	-0.46	0.47	0.88	0.87
Common Stock	0.96	0.9	-0.38	0.67	0.99	0.88	0.91	0.1	0.6	-0.01	0.93	-0.01	0.84	0.7	0.21	0.95	0.93		0.87	0.29	0.75	0.71	-0.4	0.56	0.92	0.96
Common Stock Shares Outstanding	0.83	0.7	-0.04	0.35	0.85	0.79	0.75	0.23	0.8	0.09	0.89	0.09	0.61	0.83	0.18	0.82	0.79	0.87		0.16	0.76	0.44	0.01	0.37	0.96	0.9
Other Stockholder Equity	0.28	0.35	-0.62	0.12	0.28	0.06	0.33	-0.73	-0.3	-0.67	0.14	-0.67	0.65	0.18	0.08	0.28	0.35	0.29	0.16		-0.15	0.42	-0.28	0.02	0.2	0.1
Property Plant And Equipment Gross	0.72	0.55	0.16	0.51	0.75	0.95	0.57	0.39	0.81	0.31	0.92	0.31	0.44	0.65	0.03	0.7	0.56	0.75	0.76	-0.15		0.44	-0.12	0.62	0.79	0.84
Short Term Debt	0.75	0.75	-0.7	0.67	0.75	0.61	0.73	-0.12	0.02	-0.21	0.61	-0.21	0.83	0.39	0.17	0.75	0.73	0.71	0.44	0.42	0.44		-0.65	0.6	0.58	0.59
Non Currrent Assets Other	-0.46	-0.61	0.72	-0.86	-0.46	-0.32	-0.5	0.02	0.26	0.16	-0.23	0.16	-0.62	0.28	0.08	-0.46	-0.46	-0.4	0.01	-0.28	-0.12	-0.65		-0.61	-0.16	-0.3
Other Assets	0.62	0.55	-0.21	0.71	0.63	0.66	0.5	0.33	0.3	0.14	0.58	0.14	0.54	0.14	-0.1	0.61	0.47	0.56	0.37	0.02	0.62	0.6	-0.61		0.49	0.54
Good Will	0.92	0.82	-0.19	0.49	0.92	0.86	0.86	0.22	0.74	0.05	0.95	0.05	0.72	0.82	0.24	0.92	0.88	0.92	0.96	0.2	0.79	0.58	-0.16	0.49		0.92
Common Stock Total Equity	0.92	0.84	-0.22	0.64	0.95	0.92	0.85	0.28	0.73	0.11	0.95	0.11	0.7	0.71	0.17	0.91	0.87	0.96	0.9	0.1	0.84	0.59	-0.3	0.54	0.92

Click cells to compare fundamentals

Element Fleet Account Relationship Matchups

Element Fleet fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	15.0B	13.0B	14.3B	16.5B	12.7B	12.8B
Short Long Term Debt Total	11.6B	8.3B	9.4B	8.1B	9.3B	9.8B
Other Current Liab	(1.6B)	1.2B	1.5B	1.2B	1.4B	1.5B
Total Current Liabilities	1.1B	1.2B	1.9B	1.2B	1.3B	1.3B
Total Stockholder Equity	3.8B	3.5B	3.7B	3.9B	2.8B	3.0B
Property Plant And Equipment Net	2.3B	2.4B	2.9B	3.6B	2.5B	1.8B
Net Debt	10.0B	8.2B	8.9B	8.0B	8.3B	8.9B
Retained Earnings	(64.1M)	(22.5M)	129.3M	320.9M	650.4M	682.9M
Accounts Payable	924.9M	1.1B	1.1B	1.3B	1.5B	1.6B
Cash	8.8M	45.3M	68.9M	96.3M	128.8M	135.3M
Non Current Assets Total	4.8B	4.9B	5.5B	6.2B	4.5B	3.6B
Cash And Short Term Investments	8.8M	45.3M	68.9M	96.3M	128.8M	135.3M
Net Receivables	9.8B	7.6B	8.3B	7.4B	1.1B	1.0B
Liabilities And Stockholders Equity	15.0B	13.0B	14.3B	16.5B	12.7B	12.8B
Non Current Liabilities Total	10.1B	8.3B	8.8B	12.6B	8.6B	6.8B
Other Current Assets	389.0M	400.9M	433.3M	253.9M	292.0M	277.4M
Total Liab	11.2B	9.5B	10.7B	12.6B	9.9B	9.8B
Total Current Assets	10.2B	8.1B	8.8B	7.8B	8.2B	8.6B
Common Stock	3.2B	3.0B	2.9B	2.8B	2.3B	2.4B
Common Stock Shares Outstanding	453.8M	439.5M	413.3M	405.2M	404.5M	353.4M
Other Stockholder Equity	222.8M	13.8M	13.8M	1.0	(140.1M)	(133.1M)
Property Plant And Equipment Gross	2.3B	3.5B	4.3B	5.4B	3.8B	2.4B
Accumulated Other Comprehensive Income	44.5M	(3.8M)	304.7M	477.9M	549.5M	577.0M
Short Term Debt	1.7B	1.6B	2.8B	387.0M	3.0B	0.0
Non Currrent Assets Other	53.6M	26.3M	131.9M	413.8M	475.8M	499.6M
Other Assets	444.1M	417.7M	798.8M	2.5B	480.9M	891.9M
Good Will	1.2B	1.2B	1.3B	1.3B	1.0B	1.0B
Intangible Assets	814.4M	830.0M	864.6M	846.0M	642.5M	693.2M
Other Liab	48.2M	57.8M	89.3M	132.5M	152.4M	160.0M
Net Tangible Assets	1.1B	1.2B	888.1M	1.2B	1.0B	1.1B
Long Term Debt	10.0B	8.2B	9.0B	10.8B	8.5B	8.6B
Short Long Term Debt	339.7M	1.7B	1.6B	387.0M	348.3M	330.9M
Property Plant Equipment	2.3B	2.4B	2.9B	2.0B	2.5B	2.3B
Long Term Debt Total	10.0B	8.3B	9.0B	5.9B	8.5B	9.1B
Net Invested Capital	13.3B	11.1B	12.3B	14.4B	11.2B	11.2B
Net Working Capital	9.1B	6.9B	6.9B	8.7B	6.8B	7.7B

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 together with Element Stock

0.62	MSFT	Microsoft CDR	Pair Corr
0.62	MSFT	Microsoft Corp CDR	Pair Corr
0.63	GOOG	Alphabet CDR	Pair Corr
0.63	GOOG	Alphabet CDR	Pair Corr

Moving against Element Stock

0.85	BRK	Berkshire Hathaway CDR	Pair Corr
0.59	BRK	Berkshire Hathaway CDR	Pair Corr
0.35	RTG	RTG Mining	Pair Corr

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.

Pair Correlation Correlation Matching

Other Information on Investing in Element Stock

Balance Sheet is a snapshot of the financial position of Element Fleet Management at a specified time, usually calculated after every quarter, six months, or one year. Element Fleet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Element Fleet and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Element currently owns. An asset can also be divided into two categories, current and non-current.

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Element Investments vs Sale Purchase Of Stock Analysis

Investments vs Sale Purchase Of Stock

Investments vs Sale Purchase Of Stock Correlation Analysis

Correlation Coefficient

Investments

Sale Purchase Of Stock

Element Fleet fundamental ratios Correlations

Element Fleet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Element Fleet fundamental ratios Accounts

Pair Trading with Element Fleet

Moving together with Element Stock

Moving against Element Stock

Other Information on Investing in Element Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Net Debt

Non Currrent Assets Other	- 0.86	Total Current Liabilities
Other Stockholder Equity	- 0.73	Retained Earnings
Short Term Debt	- 0.7	Other Current Liab
Net Receivables	- 0.7	Other Current Liab
Other Stockholder Equity	- 0.67	Cash And Short Term Investments
Other Stockholder Equity	- 0.67	Cash