Enbridge is trading at 20.90 as of the 2nd of January 2025, a No Change since the beginning of the trading day. The preferred stock's open price was 20.9. Enbridge has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 6th of July 2024 and ending today, the 2nd of January 2025. Click here to learn more.
Although Enbridge's alpha and beta are two of the key measurements used to evaluate Enbridge's performance over the market, the standard measures of volatility play an important role as well.
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 Enbridge preferred stock to make a market-neutral strategy. Peer analysis of Enbridge could also be used in its relative valuation, which is a method of valuing Enbridge by comparing valuation metrics with similar companies.