Enbridge H Cum Preferred Stock Market Value
| ENB-PH Preferred Stock | CAD 20.32 0.08 0.39% |
| Symbol | Enbridge |
Enbridge H '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 H'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 H.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Enbridge H on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Enbridge H Cum or generate 0.0% return on investment in Enbridge H over 30 days. Enbridge H is related to or competes with Enbridge Pref, Enbridge Pref, Pembina Pipeline, ARC Resources, Hut 8, Biosyent, and Algonquin Power. More
Enbridge H 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 H'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 H Cum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4971 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 2.22 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.5923 |
Enbridge H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enbridge H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enbridge H's standard deviation. In reality, there are many statistical measures that can use Enbridge H historical prices to predict the future Enbridge H's volatility.| Risk Adjusted Performance | 0.051 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | 0.01 | |||
| Sortino Ratio | (0.0009) | |||
| Treynor Ratio | (0.72) |
Enbridge H Cum Backtested Returns
At this point, Enbridge H is very steady. Enbridge H Cum secures Sharpe Ratio (or Efficiency) of 0.0741, which denotes the company had a 0.0741% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Enbridge H Cum, which you can use to evaluate the volatility of the firm. Please confirm Enbridge H's Semi Deviation of 0.4244, mean deviation of 0.3034, and Downside Deviation of 0.4971 to check if the risk estimate we provide is consistent with the expected return of 0.0312%. Enbridge H has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0302, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Enbridge H are expected to decrease at a much lower rate. During the bear market, Enbridge H is likely to outperform the market. Enbridge H Cum right now shows a risk of 0.42%. Please confirm Enbridge H Cum mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Enbridge H Cum will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Enbridge H Cum has good predictability. Overlapping area represents the amount of predictability between Enbridge H time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 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 H Cum price movement. The serial correlation of 0.71 indicates that around 71.0% of current Enbridge H price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Enbridge H Cum lagged returns against current returns
Autocorrelation, which is Enbridge H 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 H's preferred stock expected returns. We can calculate the autocorrelation of Enbridge H returns to help us make a trade decision. For example, suppose you find that Enbridge H 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 H 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 H preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enbridge H 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 H preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Enbridge H Lagged Returns
When evaluating Enbridge H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enbridge H preferred stock have on its future price. Enbridge H 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 H autocorrelation shows the relationship between Enbridge H preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Enbridge H Cum.
Regressed Prices |
| Timeline |
Pair Trading with Enbridge H
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 H 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 H will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Preferred Stock
Moving against Enbridge Preferred Stock
The ability to find closely correlated positions to Enbridge H 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 H 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 H - 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 H Cum to buy it.
The correlation of Enbridge H 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 H moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge H Cum 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 H 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 H 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 H security.