Enbridge Stock Market Value
| ENB Stock | USD 43.49 0.70 1.64% |
| Symbol | Enbridge |
Enbridge Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.271 | Dividend Share 3.625 | Earnings Share 2.11 | Revenue Per Share 22.673 | Quarterly Revenue Growth 0.512 |
The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 stock 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Enbridge on October 23, 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 30 days. Enbridge is related to or competes with Energy Transfer, Kinder Morgan, MPLX LP, Pembina Pipeline, Williams Companies, Enterprise Products, and ONEOK. 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 stock 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.
| Downside Deviation | 0.6497 | |||
| Information Ratio | 0.1044 | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.57 |
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.| Risk Adjusted Performance | 0.1862 | |||
| Jensen Alpha | 0.139 | |||
| Total Risk Alpha | 0.079 | |||
| Sortino Ratio | 0.1261 | |||
| Treynor Ratio | 0.4253 |
Enbridge Backtested Returns
At this point, Enbridge is very steady. Enbridge secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Enbridge, which you can use to evaluate the volatility of the firm. Please confirm Enbridge's Semi Deviation of 0.3893, mean deviation of 0.6485, and Downside Deviation of 0.6497 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Enbridge has a performance score of 16 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which means possible diversification benefits within a given portfolio. 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 0.78%. Please confirm Enbridge sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Enbridge will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Enbridge has modest predictability. Overlapping area represents the amount of predictability between Enbridge time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 0.54 indicates that about 54.0% of current Enbridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Enbridge lagged returns against current returns
Autocorrelation, which is Enbridge stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enbridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enbridge stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Enbridge.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Enbridge technical stock 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, stock market cycles, or different charting patterns.