Enbridge Net Income Applicable To Common Shares from 2010 to 2026
| ENB Stock | CAD 68.74 0.40 0.58% |
Net Income Applicable To Common Shares | First Reported 1997-09-30 | Previous Quarter 2.2 B | Current Value 682 M | Quarterly Volatility 860.6 M |
Check Enbridge financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enbridge's main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.2 B, Interest Expense of 5.4 B or Total Revenue of 64.7 B, as well as many indicators such as Price To Sales Ratio of 2.76, Dividend Yield of 0.0294 or PTB Ratio of 3.48. Enbridge financial statements analysis is a perfect complement when working with Enbridge Valuation or Volatility modules.
Enbridge | Net Income Applicable To Common Shares |
Evaluating Enbridge's Net Income Applicable To Common Shares across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Enbridge's fundamental strength.
Latest Enbridge's Net Income Applicable To Common Shares Growth Pattern
Below is the plot of the Net Income Applicable To Common Shares of Enbridge over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Enbridge's Net Income Applicable To Common Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enbridge's overall financial position and show how it may be relating to other accounts over time.
| Net Income Applicable To Common Shares | 10 Years Trend |
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Net Income Applicable To Common Shares |
| Timeline |
Enbridge Net Income Applicable To Common Shares Regression Statistics
| Arithmetic Mean | 2,731,327,941 | |
| Coefficient Of Variation | 78.31 | |
| Mean Deviation | 1,765,091,696 | |
| Median | 2,529,000,000 | |
| Standard Deviation | 2,139,026,477 | |
| Sample Variance | 4575434.3T | |
| Range | 5.9B | |
| R-Value | 0.83 | |
| Mean Square Error | 1516248.7T | |
| R-Squared | 0.69 | |
| Significance | 0.000037 | |
| Slope | 351,687,868 | |
| Total Sum of Squares | 73206948.3T |
Enbridge Net Income Applicable To Common Shares History
About Enbridge Financial Statements
Enbridge investors utilize fundamental indicators, such as Net Income Applicable To Common Shares, to predict how Enbridge Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 5.8 B | 3.3 B |
Pair Trading with Enbridge
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 Enbridge 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 Enbridge will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Stock
Moving against Enbridge Stock
| 0.41 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
| 0.39 | AMZN | Amazon CDR | PairCorr |
| 0.39 | AMZN | Amazon CDR | PairCorr |
| 0.37 | ENB-PFU | Enbridge Pref L Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge 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 Enbridge - 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 Enbridge to buy it.
The correlation of Enbridge 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 Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge 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 Enbridge 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 Enbridge Correlation against competitors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.