Enbridge (UK) Market Value
| 0KTI Stock | 60.00 0.22 0.37% |
| Symbol | Enbridge |
Enbridge 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Enbridge's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Enbridge.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Enbridge on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Enbridge or generate 0.0% return on investment in Enbridge over 30 days. Enbridge is related to or competes with Fevertree Drinks, Schroders Investment, Axfood AB, Kinnevik Investment, TR Property, Molson Coors, and Hilton Food. Enbridge is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Enbridge Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Enbridge's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Enbridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7005 | |||
| Information Ratio | 0.2462 | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 2.19 |
Enbridge Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enbridge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enbridge's standard deviation. In reality, there are many statistical measures that can use Enbridge historical prices to predict the future Enbridge's volatility.| Risk Adjusted Performance | 0.2845 | |||
| Jensen Alpha | 0.3714 | |||
| Total Risk Alpha | 0.2139 | |||
| Sortino Ratio | 0.3622 | |||
| Treynor Ratio | (18.55) |
Enbridge Backtested Returns
Enbridge appears to be very steady, given 3 months investment horizon. Enbridge secures Sharpe Ratio (or Efficiency) of 0.3, which denotes the company had a 0.3% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Enbridge, which you can use to evaluate the volatility of the firm. Please utilize Enbridge's Downside Deviation of 0.7005, coefficient of variation of 271.84, and Mean Deviation of 0.7753 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Enbridge holds a performance score of 23. The firm shows a Beta (market volatility) of -0.0199, which means not very significant fluctuations relative to the market. 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. Please check Enbridge's downside deviation, standard deviation, and the relationship between the mean deviation and coefficient of variation , to make a quick decision on whether Enbridge's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Enbridge has good predictability. Overlapping area represents the amount of predictability between Enbridge time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enbridge price movement. The serial correlation of 0.71 indicates that around 71.0% of current Enbridge price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Enbridge lagged returns against current returns
Autocorrelation, which is Enbridge stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Enbridge's stock expected returns. We can calculate the autocorrelation of Enbridge returns to help us make a trade decision. For example, suppose you find that Enbridge has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Enbridge regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Enbridge stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enbridge stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enbridge stock over time.
Current vs Lagged Prices |
| Timeline |
Enbridge Lagged Returns
When evaluating Enbridge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enbridge stock have on its future price. Enbridge autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Enbridge autocorrelation shows the relationship between Enbridge stock current value and its past values and can show if there is a momentum factor associated with investing in Enbridge.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Enbridge 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.