Enbridge Stock Alpha and Beta Analysis
| ENB Stock | CAD 48.86 0.45 0.93% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Enbridge. It also helps investors analyze the systematic and unsystematic risks associated with investing in Enbridge over a specified time horizon. Remember, high Enbridge's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Enbridge's market risk premium analysis include:
Beta 0.61 | Alpha (0.06) | Risk 0.94 | Sharpe Ratio 0.0258 | Expected Return 0.0243 |
Enbridge Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Enbridge |
Enbridge Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Enbridge market risk premium is the additional return an investor will receive from holding Enbridge long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enbridge. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Enbridge's performance over market.| α | -0.06 | β | 0.61 |
Enbridge expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Enbridge's Buy-and-hold return. Our buy-and-hold chart shows how Enbridge performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Enbridge Market Price Analysis
Market price analysis indicators help investors to evaluate how Enbridge stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enbridge shares will generate the highest return on investment. By understating and applying Enbridge stock market price indicators, traders can identify Enbridge position entry and exit signals to maximize returns.
Enbridge Return and Market Media
The median price of Enbridge for the period between Fri, Jan 26, 2024 and Thu, Apr 25, 2024 is 47.95 with a coefficient of variation of 2.12. The daily time series for the period is distributed with a sample standard deviation of 1.01, arithmetic mean of 47.52, and mean deviation of 0.87. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Enbridge in charts Adjusted EBITDA shows robust growth in Gas Distribution and Storage - Seeking Alpha | 02/09/2024 |
2 | This 7.9-Yielding Dividend Stock Is a Magnificent Option for Those Seeking Super-Safe Income - Yahoo Finance | 03/01/2024 |
3 | Enbridge CEO sees Canadian pipelines maxing out capacity in next 3-4 years - Seeking Alpha | 03/06/2024 |
4 | Enbridge stock logs a seven-day winning streak in the U.S. - Seeking Alpha | 03/13/2024 |
5 | Wednesdays Unusual Options Activity Highlighted Canadian Call vs. Luxury Put. Which to Bet On I Like Both. - TradingView | 03/21/2024 |
6 | Enbridge Inc Irreplaceable infrastructure -March 26, 2024 at 1245 pm EDT - Marketscreener.com | 03/26/2024 |
7 | A Once-in-a-Generation Investment Opportunity 1 High-Yield Dividend Stock to Buy Now and Hold Forever This April - Yahoo Finance | 04/02/2024 |
8 | Enbridge Outpaces Stock Market Gains What You Should Know - Yahoo Finance | 04/09/2024 |
9 | Closing Bell Enbridge Inc down on Monday - The Globe and Mail | 04/15/2024 |
10 | 1 High-Yield Dividend Stock You Can Buy and Hold Forever - MSN | 04/19/2024 |
About Enbridge Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Enbridge or other stocks. Alpha measures the amount that position in Enbridge has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0714 | 0.0682 | 0.0767 | 0.0806 | Price To Sales Ratio | 2.12 | 2.01 | 2.28 | 2.67 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enbridge in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enbridge's short interest history, or implied volatility extrapolated from Enbridge options trading.
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Align your risk with return expectations
Check out Enbridge Backtesting, Enbridge Valuation, Enbridge Correlation, Enbridge Hype Analysis, Enbridge Volatility, Enbridge History and analyze Enbridge Performance. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary 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.
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Enbridge technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.