Enbridge Backtesting

Enbridge Inc -- Canada Stock  

CAD 49.71  0.39  0.79%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Enbridge Inc and determine expected loss or profit from investing in Enbridge over given investment horizon. Additionally see Enbridge Hype Analysis, Enbridge Correlation, Enbridge Valuation, Enbridge Volatility as well as analyze Enbridge Alpha and Beta and Enbridge Performance
Investment Horizon     30 Days    Login   to change
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Backtest

Enbridge 'What if' Analysis

November 15, 2017
0.00
No Change 0.00  0.0%
In 31 days
December 15, 2017
0.00
If you would invest  0.00  in Enbridge on November 15, 2017 and sell it all today you would earn a total of 0.00 from holding Enbridge Inc or generate 0.0% return on investment in Enbridge over 30 days. Enbridge is related to or competes with Keyera Corp, Inter Pipeline, ShawCor Ltd, and Gibson Energy. Its Liquids Pipelines segment operates common carrier and contract crude oil natural gas liquids and refined solutions p...

Enbridge Upside/Downside Indicators

  

Enbridge Market Premium Indicators

Enbridge Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Enbridge regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Enbridge Inc Backtested Returns

Macroaxis considers Enbridge not too risky given 1 month investment horizon. Enbridge Inc secures Sharpe Ratio (or Efficiency) of 0.3005 which denotes Enbridge Inc had 0.3005% of return per unit of standard deviation over the last 1 month. Our philosophy in predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By reviewing Enbridge Inc technical indicators you can presently evaluate if the expected return of 0.5047% is justified by implied risk. Please utilize Enbridge Inc Semi Deviation of 0.1999, Mean Deviation of 1.13 and Downside Deviation of 0.9677 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Enbridge holds performance score of 19. The firm shows Beta (market volatility) of 1.3592 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Enbridge will likely underperform.. Although it is vital to follow to Enbridge Inc historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-eight technical indicators for Enbridge Inc which you can use to evaluate performance of the firm. Please utilizes Enbridge Inc Sortino Ratio, Semi Variance and the relationship between Information Ratio and Value At Risk to make a quick decision on weather Enbridge price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.78 

Good predictability

Enbridge Inc has good predictability. Overlapping area represents the amount of predictability between Enbridge time series from November 15, 2017 to November 30, 2017 and November 30, 2017 to December 15, 2017. 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 Inc price movement. The serial correlation of 0.78 indicates that around 78.0% of current Enbridge price fluctuation can be explain by its past prices.
Correlation Coefficient 0.78
Spearman Rank Test 0.83
Price Variance 0.16
Lagged Price Variance 1.84

Enbridge Lagged Returns

 Regressed Prices 
      Timeline 

Enbridge Performance vs SPTSX Comp

The median price of Enbridge for the period between Wed, Nov 15, 2017 and Fri, Dec 15, 2017 is 48.63 with a coefficient of variation of 3.81. The daily time series for the period is distributed with a sample standard deviation of 1.81, arithmetic mean of 47.56, and mean deviation of 1.53. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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Is Enbridge Inc. a Buy12/13/2017