Energy Transfer LP Stock Drops Despite Market Gains Important Facts to Note
ET Stock | USD 20.29 0.04 0.20% |
Slightly above 52% of Energy Transfer's investor base is interested to short. The current sentiment of investing in Energy Transfer LP suggests that many traders are impartial. Energy Transfer's investing sentiment can be driven by a variety of factors including economic data, Energy Transfer's earnings reports, geopolitical events, and overall market trends.
Energy |
Energy Transfer LP reachead 19.64 at the closing of the latest trading day, reflecting a -0.36 percent change compared to its last close.
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Energy Transfer Fundamental Analysis
We analyze Energy Transfer's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Energy Transfer using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Energy Transfer 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.
Beta
Beta Comparative Analysis
Energy Transfer is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Energy Transfer LP 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 Energy Transfer stock to make a market-neutral strategy. Peer analysis of Energy Transfer could also be used in its relative valuation, which is a method of valuing Energy Transfer by comparing valuation metrics with similar companies.
Peers
Energy Transfer Related Equities
ENB | Enbridge | 1.09 | ||||
KMI | Kinder Morgan | 0.83 | ||||
MPLX | MPLX LP | 0.67 | ||||
OKE | ONEOK | 0.28 | ||||
WMB | Williams Companies | 0.07 | ||||
EPD | Enterprise Products | 0.30 | ||||
PAA | Plains All | 0.50 |
Additional Tools for Energy Stock Analysis
When running Energy Transfer's price analysis, check to measure Energy Transfer'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 Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.