Enghouse Reconciled Depreciation from 2010 to 2024
| ENGH Stock | CAD 30.13 0.47 1.54% |
Reconciled Depreciation | First Reported 1996-01-31 | Previous Quarter 13.3 M | Current Value 12.4 M | Quarterly Volatility 4.5 M |
Check Enghouse Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enghouse main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.4 M, Interest Expense of 1.1 M or Selling General Administrative of 109.7 M, as well as many exotic indicators such as Price To Sales Ratio of 3.49, Dividend Yield of 0.012 or PTB Ratio of 3.02. Enghouse financial statements analysis is a perfect complement when working with Enghouse Systems Valuation or Volatility modules.
Enghouse | Reconciled Depreciation |
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
| 0.88 | FLOW | Flow Beverage Corp | PairCorr |
Moving against Enghouse Stock
| 0.8 | LCX | Lycos Energy | PairCorr |
| 0.57 | CH | CHARBONE Hydrogen | 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.Check out the analysis of Enghouse Systems Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Enghouse Stock analysis
When running Enghouse Systems' price analysis, check to measure Enghouse Systems' 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 Enghouse Systems is operating at the current time. Most of Enghouse Systems' value examination focuses on studying past and present price action to predict the probability of Enghouse Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enghouse Systems' price. Additionally, you may evaluate how the addition of Enghouse Systems to your portfolios can decrease your overall portfolio volatility.
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