Enbridge Cumulative Red Preferred Stock Market Value
| ENB-PB Preferred Stock | CAD 19.05 0.03 0.16% |
| Symbol | Enbridge |
Enbridge Cumulative '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 Cumulative's preferred 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 Cumulative.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Enbridge Cumulative on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Enbridge Cumulative Red or generate 0.0% return on investment in Enbridge Cumulative over 30 days. Enbridge Cumulative is related to or competes with Enbridge Pref, Enbridge Pref, Pembina Pipeline, NovaGold Resources, and VersaBank. More
Enbridge Cumulative 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 Cumulative's preferred 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 Cumulative Red upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4725 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 2.38 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.9539 |
Enbridge Cumulative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enbridge Cumulative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enbridge Cumulative's standard deviation. In reality, there are many statistical measures that can use Enbridge Cumulative historical prices to predict the future Enbridge Cumulative's volatility.| Risk Adjusted Performance | 0.1108 | |||
| Jensen Alpha | 0.0692 | |||
| Total Risk Alpha | 0.056 | |||
| Sortino Ratio | 0.106 | |||
| Treynor Ratio | (1.20) |
Enbridge Cumulative Red Backtested Returns
At this point, Enbridge Cumulative is very steady. Enbridge Cumulative Red secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Enbridge Cumulative Red, which you can use to evaluate the volatility of the firm. Please confirm Enbridge Cumulative's Semi Deviation of 0.3509, downside deviation of 0.4725, and Mean Deviation of 0.4403 to check if the risk estimate we provide is consistent with the expected return of 0.11%. Enbridge Cumulative has a performance score of 15 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0568, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enbridge Cumulative are expected to decrease at a much lower rate. During the bear market, Enbridge Cumulative is likely to outperform the market. Enbridge Cumulative Red right now shows a risk of 0.54%. Please confirm Enbridge Cumulative Red mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Enbridge Cumulative Red will be following its price patterns.
Auto-correlation | 0.72 |
Good predictability
Enbridge Cumulative Red has good predictability. Overlapping area represents the amount of predictability between Enbridge Cumulative time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. 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 Cumulative Red price movement. The serial correlation of 0.72 indicates that around 72.0% of current Enbridge Cumulative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Enbridge Cumulative Red lagged returns against current returns
Autocorrelation, which is Enbridge Cumulative preferred 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 Cumulative's preferred stock expected returns. We can calculate the autocorrelation of Enbridge Cumulative returns to help us make a trade decision. For example, suppose you find that Enbridge Cumulative has exhibited high autocorrelation historically, and you observe that the preferred 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 Cumulative 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 Cumulative preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enbridge Cumulative preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enbridge Cumulative preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Enbridge Cumulative Lagged Returns
When evaluating Enbridge Cumulative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enbridge Cumulative preferred stock have on its future price. Enbridge Cumulative 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 Cumulative autocorrelation shows the relationship between Enbridge Cumulative preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Enbridge Cumulative Red.
Regressed Prices |
| Timeline |
Pair Trading with Enbridge Cumulative
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 Cumulative 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 Cumulative will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Preferred Stock
| 0.9 | ENB-PFE | Enbridge Pref 13 | PairCorr |
| 0.79 | PPL-PFA | Pembina Pipeline Corp | PairCorr |
| 0.63 | MIN | Excelsior Mining Corp | PairCorr |
Moving against Enbridge Preferred Stock
| 0.65 | CDR | Condor Energies | PairCorr |
| 0.51 | EXN | Excellon Resources | PairCorr |
| 0.48 | TGO | TeraGo Inc | PairCorr |
| 0.45 | VBNK | VersaBank | PairCorr |
| 0.34 | ENB-PFK | Enbridge Pref Series | PairCorr |
The ability to find closely correlated positions to Enbridge Cumulative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge Cumulative 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 Enbridge Cumulative - 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 Enbridge Cumulative Red to buy it.
The correlation of Enbridge Cumulative 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 Enbridge Cumulative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge Cumulative Red 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 Enbridge Cumulative 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 Cumulative 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 Cumulative security.