Enbridge Stock Has a Higher Yield Than its Own Preferred Shares - The Motley Fool Canada
| ENB-PFK Preferred Stock | CAD 22.98 0.31 1.37% |
About 51% of Enbridge Pref's institutional investors are presently thinking to get in. The analysis of current outlook of investing in Enbridge Pref Series suggests that some traders are interested regarding Enbridge Pref's prospects. Enbridge Pref's investing sentiment shows overall attitude of investors towards Enbridge Pref Series.
Enbridge |
Enbridge Stock Has a Higher Yield Than its Own Preferred Shares The Motley Fool Canada
Read at news.google.com
 |
Enbridge Pref Fundamental Analysis
We analyze Enbridge Pref's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enbridge Pref using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enbridge Pref based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Enbridge Pref is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Enbridge Pref Series Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enbridge Pref preferred stock to make a market-neutral strategy. Peer analysis of Enbridge Pref could also be used in its relative valuation, which is a method of valuing Enbridge Pref by comparing valuation metrics with similar companies.
Peers
Enbridge Pref Related Equities
| ENB-PFE | Enbridge Pref | 0.89 | ||||
| CU-PI | Canadian Utilities | 0.20 | ||||
| PPL-PFA | Pembina Pipeline | 0.41 | ||||
| EMA-PH | Emera | 0.50 | ||||
| ENB-PFG | Enbridge Pref | 1.30 |
Other Information on Investing in Enbridge Preferred Stock
Enbridge Pref 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 Pref security.