ELEMENT FLEET (Germany) Today
| 61F Stock | EUR 14.20 0.50 3.40% |
Performance0 of 100
| Odds Of DistressLess than 10
|
ELEMENT FLEET is trading at 14.20 as of the 30th of April 2024. This is a -3.4% down since the beginning of the trading day. The stock's lowest day price was 14.2. ELEMENT FLEET has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for ELEMENT FLEET MGMT are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of March 2024 and ending today, the 30th of April 2024. Click here to learn more.
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. The company has 392.68 M outstanding shares. More on ELEMENT FLEET MGMT
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Follow Valuation Odds of Bankruptcy
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ELEMENT Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ELEMENT FLEET's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ELEMENT FLEET or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Jay Forbes |
| Business Concentration | Rental & Leasing Services, Industrials (View all Sectors) |
ELEMENT FLEET MGMT (61F) is traded on Frankfurt Exchange in Germany and employs 2,500 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ELEMENT FLEET's market, we take the total number of its shares issued and multiply it by ELEMENT FLEET's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ELEMENT FLEET MGMT classifies itself under Industrials sector and is part of Rental & Leasing Services industry. The entity has 392.68 M outstanding shares.
ELEMENT FLEET MGMT has accumulated about 52.8 M in cash with 3.06 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Check ELEMENT FLEET Probability Of Bankruptcy
Ownership AllocationELEMENT FLEET MGMT retains a total of 392.68 Million outstanding shares. Over half of ELEMENT FLEET's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Thereupon, these institutions are subject to different rules and regulations than regular investors in ELEMENT FLEET. Please watch out for any change in the institutional holdings of ELEMENT FLEET MGMT as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check ELEMENT Ownership Details
ELEMENT Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of ELEMENT FLEET jumping above the current price in 90 days from now is over 95.79%. The ELEMENT FLEET MGMT probability density function shows the probability of ELEMENT FLEET stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon ELEMENT FLEET MGMT has a beta of -0.1482. This suggests as returns on the benchmark increase, returns on holding ELEMENT FLEET are expected to decrease at a much lower rate. During a bear market, however, ELEMENT FLEET MGMT is likely to outperform the market. Additionally, eLEMENT FLEET MGMT has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ELEMENT FLEET to move above the current price in 90 days from now is over 95.79 (This ELEMENT FLEET MGMT probability density function shows the probability of ELEMENT Stock to fall within a particular range of prices over 90 days) .
ELEMENT FLEET MGMT Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ELEMENT FLEET market risk premium is the additional return an investor will receive from holding ELEMENT FLEET long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ELEMENT FLEET. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ELEMENT FLEET's alpha and beta are two of the key measurements used to evaluate ELEMENT FLEET's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.07 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.05 | |||
| Risk Adjusted Performance | (0.01) |
ELEMENT Stock Against Markets
Picking the right benchmark for ELEMENT FLEET stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ELEMENT FLEET stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ELEMENT FLEET is critical whether you are bullish or bearish towards ELEMENT FLEET MGMT at a given time. Please also check how ELEMENT FLEET's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in ELEMENT FLEET without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ELEMENT FLEET Corporate Directors
ELEMENT FLEET corporate directors refer to members of an ELEMENT FLEET board of directors. The board of directors generally takes responsibility for the ELEMENT FLEET's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ELEMENT FLEET's board members must vote for the resolution. The ELEMENT FLEET board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alexander Greene | Independent Director | Profile | |
| Andrew Clarke | Independent Director | Profile | |
| Rubin McDougal | Independent Director | Profile | |
| Andrea Rosen | Independent Director | Profile |
How to buy ELEMENT Stock?
Before investing in ELEMENT FLEET, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ELEMENT FLEET. To buy ELEMENT FLEET stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ELEMENT FLEET. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ELEMENT FLEET stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ELEMENT FLEET MGMT stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ELEMENT FLEET MGMT stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ELEMENT FLEET MGMT, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in ELEMENT FLEET MGMT?
The danger of trading ELEMENT FLEET MGMT is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ELEMENT FLEET is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ELEMENT FLEET. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ELEMENT FLEET MGMT is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ELEMENT FLEET MGMT. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for ELEMENT Stock analysis
When running ELEMENT FLEET's price analysis, check to measure ELEMENT FLEET's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ELEMENT FLEET is operating at the current time. Most of ELEMENT FLEET's value examination focuses on studying past and present price action to predict the probability of ELEMENT FLEET's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ELEMENT FLEET's price. Additionally, you may evaluate how the addition of ELEMENT FLEET to your portfolios can decrease your overall portfolio volatility.
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