Enbridge Backtesting

Enbridge Inc -- Canada Stock  

CAD 40.19  1.71  4.44%

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
 Time Horizon     30 Days    Login   to change

Enbridge 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 30 days
March 24, 2018
If you would invest  0.00  in Enbridge on February 22, 2018 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, Veresen, and Gibson Energy. Enbridge Inc. operates as an energy infrastructure company in Canada and the United States

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

Macroaxis considers Enbridge to be not too volatile. Enbridge Inc secures Sharpe Ratio (or Efficiency) of -0.212 which denotes Enbridge Inc had -0.212% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Enbridge Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Enbridge Inc Semi Deviation of 1.18, Mean Deviation of 0.6904 and Downside Deviation of 2.0 to check risk estimate we provide. Macroaxis gives Enbridge performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2077 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.. Even though it is essential to pay attention to Enbridge Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Enbridge Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Enbridge Inc has expected return of -0.3595%. Please be advised to confirm Enbridge Inc Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Enbridge Inc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.19 

Very weak predictability

Enbridge Inc has very weak predictability. Overlapping area represents the amount of predictability between Enbridge time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 2018. 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 0.19 indicates that over 19.0% of current Enbridge price fluctuation can be explain by its past prices.
Correlation Coefficient 0.19
Spearman Rank Test -0.06
Price Variance 0.93
Lagged Price Variance 0.81

Enbridge Lagged Returns

 Regressed Prices 

Enbridge Performance vs SPTSX Comp

The median price of Enbridge for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 40.93000031 with a coefficient of variation of 77.4. The daily time series for the period is distributed with a sample standard deviation of 20.35, arithmetic mean of 26.29, and mean deviation of 19.12. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)