Enbridge Backtesting

Enbridge Inc -- Canada Stock  

CAD 51.66  0.35  0.67%

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

Enbridge 'What if' Analysis

September 17, 2017
No Change 0.00  0.0%
In 31 days
October 17, 2017
If you would invest  0.00  in Enbridge on September 17, 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 

Enbridge regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Enbridge Inc Backtested Returns

We consider Enbridge not too risky. Enbridge Inc secures Sharpe Ratio (or Efficiency) of 0.3099 which denotes Enbridge Inc had 0.3099% 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. We have found twenty-eight technical indicators for Enbridge Inc which you can use to evaluate future volatility of the firm. Please confirm Enbridge Inc Semi Deviation of 0.2022, Mean Deviation of 0.4042 and Downside Deviation of 0.5573 to check if risk estimate we provide are consistent with the epected return of 0.1647%. Enbridge has performance score of 21 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.569 which denotes to the fact that as returns on market increase, Enbridge returns are expected to increase less than the market. However during bear market, the loss on holding Enbridge will be expected to be smaller as well.. Although it is extremely important to respect Enbridge Inc historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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. By reviewing Enbridge Inc technical indicators you can presently evaluate if the expected return of 0.1647% will be sustainable into the future. Enbridge Inc right now shows a risk of 0.5314%. Please confirm Enbridge Inc Sortino Ratio, Semi Variance and the relationship between Information Ratio and Value At Risk to decide if Enbridge Inc will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.56) 

Good reverse predictability

Enbridge Inc has good reverse predictability. Overlapping area represents the amount of predictability between Enbridge time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 -0.56 indicates that roughly 56.0% of current Enbridge price fluctuation can be explain by its past prices. Given that Enbridge Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Enbridge for similar time interval.
Correlation Coefficient -0.56
Spearman Rank Test -0.8
Price Variance 0.06
Lagged Price Variance 0.34

Enbridge Lagged Returns

 Regressed Prices 

Enbridge Performance vs SPTSX Comp

The median price of Enbridge for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 51.69 with a coefficient of variation of 1.39. The daily time series for the period is distributed with a sample standard deviation of 0.72, arithmetic mean of 51.41, and mean deviation of 0.62. The Stock received some media coverage during the period.
Price Growth (%)  
Enbridge, DTE to finish Ohio-Ontario Nexus gas pipe in third...10/12/2017