Enbridge Stock Market Value

EBBNF Stock  USD 22.22  0.03  0.13%   
Enbridge's market value is the price at which a share of Enbridge trades on a public exchange. It measures the collective expectations of Enbridge investors about its performance. Enbridge is trading at 22.22 as of the 11th of December 2024. This is a 0.13 percent decrease since the beginning of the trading day. The stock's lowest day price was 22.22.
With this module, you can estimate the performance of a buy and hold strategy of Enbridge and determine expected loss or profit from investing in Enbridge over a given investment horizon. Check out Enbridge Correlation, Enbridge Volatility and Enbridge Alpha and Beta module to complement your research on Enbridge.
For more detail on how to invest in Enbridge Pink Sheet please use our How to Invest in Enbridge guide.
Symbol

Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Enbridge 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Enbridge's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Enbridge.
0.00
09/12/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/11/2024
0.00
If you would invest  0.00  in Enbridge on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Enbridge or generate 0.0% return on investment in Enbridge over 90 days. Enbridge is related to or competes with GasLog Partners, GasLog Partners, NGL Energy, Kinder Morgan, ONEOK, MPLX LP, and Enterprise Products. The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Stora... More

Enbridge Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Enbridge's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Enbridge upside and downside potential and time the market with a certain degree of confidence.

Enbridge Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Enbridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enbridge's standard deviation. In reality, there are many statistical measures that can use Enbridge historical prices to predict the future Enbridge's volatility.
Hype
Prediction
LowEstimatedHigh
21.5222.2222.92
Details
Intrinsic
Valuation
LowRealHigh
21.2421.9422.64
Details
Naive
Forecast
LowNextHigh
21.3322.0322.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.0122.1922.37
Details

Enbridge Backtested Returns

At this point, Enbridge is very steady. Enbridge secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Enbridge, which you can use to evaluate the volatility of the firm. Please confirm Enbridge's Semi Deviation of 0.6067, downside deviation of 0.8199, and Mean Deviation of 0.4767 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Enbridge has a performance score of 12 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.22, which means not very significant fluctuations relative to the market. As returns on the market increase, Enbridge's returns are expected to increase less than the market. However, during the bear market, the loss of holding Enbridge is expected to be smaller as well. Enbridge right now shows a risk of 0.7%. Please confirm Enbridge semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if Enbridge will be following its price patterns.

Auto-correlation

    
  0.62  

Good predictability

Enbridge has good predictability. Overlapping area represents the amount of predictability between Enbridge time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enbridge price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Enbridge price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.06

Enbridge lagged returns against current returns

Autocorrelation, which is Enbridge pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Enbridge's pink sheet expected returns. We can calculate the autocorrelation of Enbridge returns to help us make a trade decision. For example, suppose you find that Enbridge has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Enbridge regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Enbridge pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enbridge pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enbridge pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Enbridge Lagged Returns

When evaluating Enbridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enbridge pink sheet have on its future price. Enbridge autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Enbridge autocorrelation shows the relationship between Enbridge pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Enbridge.
   Regressed Prices   
       Timeline  

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Additional Information and Resources on Investing in Enbridge Pink Sheet

When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:
Check out Enbridge Correlation, Enbridge Volatility and Enbridge Alpha and Beta module to complement your research on Enbridge.
For more detail on how to invest in Enbridge Pink Sheet please use our How to Invest in Enbridge guide.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Enbridge technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Enbridge technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Enbridge trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...