Enbridge Srs N Preferred Stock Shares Outstanding
Enbridge Srs N fundamentals help investors to digest information that contributes to Enbridge Srs' financial success or failures. It also enables traders to predict the movement of Enbridge Preferred Stock. The fundamental analysis module provides a way to measure Enbridge Srs' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enbridge Srs preferred stock.
Enbridge |
Enbridge Srs N Company Shares Outstanding Analysis
Enbridge Srs' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
CompetitionBased on the latest financial disclosure, Enbridge Srs N has 0.0 of shares currently outstending. This is 100.0% lower than that of the Energy sector and about the same as Oil, Gas & Consumable Fuels (which currently averages 0.0) industry. The shares outstanding for all Canada preferred stocks is 100.0% higher than that of the company.
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Enbridge Fundamentals
| Revenue | 53.31 B | ||||
| EBITDA | 12.08 B | ||||
| Net Income | 3 B | ||||
| Total Debt | 72.94 B | ||||
| Cash Flow From Operations | 11.23 B | ||||
| Total Asset | 179.61 B | ||||
| Annual Yield | 0.08 % | ||||
| Net Asset | 179.61 B | ||||
| Last Dividend Paid | 0.32 |
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.The ability to find closely correlated positions to McKesson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McKesson 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 McKesson - 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 McKesson to buy it.
The correlation of McKesson 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 McKesson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McKesson 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 McKesson 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.