Enbridge Preferred Stock Performance
| ENB-PI Preferred Stock | 20.90 0.00 0.00% |
The firm shows a Beta (market volatility) of -0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Enbridge are expected to decrease at a much lower rate. During the bear market, Enbridge is likely to outperform the market. Enbridge right now shows a risk of 2.73%. Please confirm Enbridge information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Enbridge will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Enbridge has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong fundamental drivers, Enbridge is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
Enbridge |
Enbridge Relative Risk vs. Return Landscape
If you would invest 2,111 in Enbridge on October 9, 2024 and sell it today you would lose (21.00) from holding Enbridge or give up 0.99% of portfolio value over 90 days. Enbridge is generating 0.0199% of daily returns and assumes 2.7259% volatility on return distribution over the 90 days horizon. Simply put, 24% of preferred stocks are less volatile than Enbridge, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Enbridge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enbridge's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Enbridge, and traders can use it to determine the average amount a Enbridge's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0073
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| Negative Returns | ENB-PI |
Estimated Market Risk
| 2.73 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Enbridge is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enbridge by adding Enbridge to a well-diversified portfolio.
Things to note about Enbridge performance evaluation
Checking the ongoing alerts about Enbridge for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Enbridge help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Enbridge's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Enbridge's preferred stock performance include:- Analyzing Enbridge's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Enbridge's stock is overvalued or undervalued compared to its peers.
- Examining Enbridge's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Enbridge's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Enbridge's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Enbridge's preferred stock. These opinions can provide insight into Enbridge's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Enbridge Preferred Stock analysis
When running Enbridge's price analysis, check to measure Enbridge's 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 Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.
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