Enghouse Price Earnings Ratio from 2010 to 2024
| ENGH Stock | CAD 27.29 0.23 0.85% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 20.05734114 | Current Value 18.76 | Quarterly Volatility 10.13794977 |
Check Enghouse Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enghouse Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 59 M, Interest Expense of 1.1 M or Selling General Administrative of 109.7 M, as well as many indicators such as Price To Sales Ratio of 3.4, Dividend Yield of 0.0342 or PTB Ratio of 2.92. Enghouse financial statements analysis is a perfect complement when working with Enghouse Systems Valuation or Volatility modules.
Enghouse | Price Earnings Ratio |
Pair Trading with Enghouse Systems
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 Enghouse Systems 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 Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Enghouse Stock
Moving against Enghouse Stock
| 0.82 | RY-PM | Royal Bank | PairCorr |
| 0.78 | OM | Osisko Metals | PairCorr |
| 0.69 | TCS | TECSYS Inc | PairCorr |
| 0.66 | HUT | Hut 8 Mining | PairCorr |
| 0.64 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Enghouse Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enghouse Systems 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 Enghouse Systems - 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 Enghouse Systems to buy it.
The correlation of Enghouse Systems 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 Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse Systems 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 Enghouse Systems 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 Enghouse Stock
Enghouse Systems financial ratios help investors to determine whether Enghouse 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 Enghouse with respect to the benefits of owning Enghouse Systems security.