E L Ownership

ELF-PH Preferred Stock

CAD 23.70 0.11 0.46%

The market capitalization of E L Financial is C$2.68 Billion. Roughly 87.59 percent of E L outstanding shares are held by general public with 12.41 % by other corporate entities. Note, that even with substantial debt, if the true value of the entity is larger than the current market value, you may still be able to generate positive returns on investment in this company sooner or later.

Some institutional investors establish a significant position in preferred stocks such as E L in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of E L, and when they decide to sell, the preferred stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L Financial 3. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

ELF-PH Preferred Stock Ownership Analysis

The company recorded earning per share (EPS) of 114.28. E L Financial last dividend was issued on the 29th of December 2022. E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. The company was incorporated in 1968 and is headquartered in Toronto, Canada. E L operates under Insurance - Property Casualty classification in Canada and is traded on Toronto Stock Exchange. To learn more about E L Financial 3 call Mark Sylvia at 416-947-2578 or check out https://www.e-lfinancial.ca.

E L Outstanding Bonds

E L 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. E L Financial 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 ELF-PH bonds can be classified according to their maturity, which is the date when E L Financial 3 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.

	Morgan Stanley 3591 Corp Bond US61744YAK47	View
	Morgan Stanley 3971 Corp Bond US61744YAL20	View

View All E L Corporate Bonds

Pair Trading with E L

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 E L 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 E L will appreciate offsetting losses from the drop in the long position's value.

Moving together with ELF-PH Preferred Stock

0.97	FFH-PH	Fairfax Financial	Pair Corr
0.94	FFH-PJ	Fairfax Financial	Pair Corr
0.91	FFH-PK	Fairfax Financial	Pair Corr
0.93	FFH-PG	Fairfax Fin Hld	Pair Corr
0.94	IFC-PE	Intact Financial Corp	Pair Corr

Moving against ELF-PH Preferred Stock

0.59	MFC	Manulife Financial Corp	Pair Corr
0.38	TRP	TC Energy Corp	Pair Corr
0.34	ELF	E L Financial Split	Pair Corr

The ability to find closely correlated positions to E L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E L 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 E L - 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 E L Financial 3 to buy it.

The correlation of E L 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 E L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E L Financial 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 E L 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 ELF-PH Preferred Stock

E L financial ratios help investors to determine whether ELF-PH Preferred 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 ELF-PH with respect to the benefits of owning E L security.

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