Enbridge Cumulative Net Income vs. Revenue
| ENB-PB Preferred Stock | CAD 19.19 0.03 0.16% |
For Enbridge Cumulative profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enbridge Cumulative to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enbridge Cumulative Red utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enbridge Cumulative's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enbridge Cumulative Red over time as well as its relative position and ranking within its peers.
Enbridge |
Enbridge Cumulative Red Revenue vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enbridge Cumulative's current stock value. Our valuation model uses many indicators to compare Enbridge Cumulative value to that of its competitors to determine the firm's financial worth. Enbridge Cumulative Red is one of the top stocks in net income category among its peers. It also is rated as one of the top companies in revenue category among its peers totaling about 17.75 of Revenue per Net Income. Comparative valuation analysis is a catch-all model that can be used if you cannot value Enbridge Cumulative by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enbridge Cumulative's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Enbridge Revenue vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Enbridge Cumulative |
| = | 3 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Enbridge Cumulative |
| = | 53.31 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Enbridge Revenue vs Competition
Enbridge Cumulative Red is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Oil, Gas & Consumable Fuels industry is currently estimated at about 455.97 Billion. Enbridge Cumulative retains roughly 53.31 Billion in revenue claiming about 12% of all equities under Oil, Gas & Consumable Fuels industry.
Enbridge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enbridge Cumulative. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Enbridge Cumulative position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Enbridge Cumulative's important profitability drivers and their relationship over time.
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Use Enbridge Cumulative in pair-trading
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.Enbridge Cumulative Pair Trading
Enbridge Cumulative Red Pair Trading Analysis
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.Use Investing Themes to Complement your Enbridge Cumulative position
In addition to having Enbridge Cumulative in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Rubber and Plastic Products Thematic Idea Now
Rubber and Plastic Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Rubber and Plastic Products theme has 27 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Rubber and Plastic Products Theme or any other thematic opportunities.
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Other Information on Investing in Enbridge Preferred Stock
To fully project Enbridge Cumulative's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enbridge Cumulative Red at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Enbridge Cumulative's income statement, its balance sheet, and the statement of cash flows.