Enbridge Total Revenue from 2010 to 2024
| ENB-PP Preferred Stock | CAD 19.98 0.03 0.15% |
Check Enbridge Srs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enbridge Srs' main balance sheet or income statement drivers, such as , as well as many indicators such as . Enbridge financial statements analysis is a perfect complement when working with Enbridge Srs Valuation or Volatility modules.
Enbridge |
Pair Trading with Enbridge Srs
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 Srs 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 Srs will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Preferred Stock
Moving against Enbridge Preferred Stock
| 0.68 | TRP | TC Energy Corp | PairCorr |
| 0.63 | BHC | Bausch Health Companies | PairCorr |
| 0.48 | ENB-PV | Enbridge Pref 1 | PairCorr |
| 0.4 | ENB | Enbridge | PairCorr |
The ability to find closely correlated positions to Enbridge Srs 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 Srs 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 Srs - 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 Srs P to buy it.
The correlation of Enbridge Srs 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 Srs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge Srs P 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 Srs 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 Enbridge Preferred Stock
Enbridge Srs financial ratios help investors to determine whether Enbridge Preferred 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 Enbridge with respect to the benefits of owning Enbridge Srs security.