Enbridge Operating Cash Flow Per Share from 2010 to 2024
ENB Stock | CAD 48.81 0.43 0.89% |
Operating Cash Flow Per Share | First Reported 2010-12-31 | Previous Quarter 6.90710117 | Current Value 7.25 | Quarterly Volatility 1.69767759 |
Check Enbridge financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enbridge main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.2 B, Interest Expense of 4 B or Total Revenue of 45.8 B, as well as many exotic indicators such as Short Term Coverage Ratios of 2.55, Price Earnings Ratio of 24.32 or Price To Sales Ratio of 2.67. Enbridge financial statements analysis is a perfect complement when working with Enbridge Valuation or Volatility modules.
Enbridge | Operating Cash Flow Per Share |
Latest Enbridge's Operating Cash Flow Per Share Growth Pattern
Below is the plot of the Operating Cash Flow Per Share of Enbridge over the last few years. It is a measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis. Enbridge's Operating Cash Flow Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enbridge's overall financial position and show how it may be relating to other accounts over time.
Operating Cash Flow Per Share | 10 Years Trend |
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Operating Cash Flow Per Share |
Timeline |
Enbridge Operating Cash Flow Per Share Regression Statistics
Arithmetic Mean | 4.68 | |
Geometric Mean | 4.01 | |
Coefficient Of Variation | 36.31 | |
Mean Deviation | 1.20 | |
Median | 4.66 | |
Standard Deviation | 1.70 | |
Sample Variance | 2.88 | |
Range | 6.9658 | |
R-Value | 0.79 | |
Mean Square Error | 1.18 | |
R-Squared | 0.62 | |
Significance | 0.0005 | |
Slope | 0.30 | |
Total Sum of Squares | 40.35 |
Enbridge Operating Cash Flow Per Share History
About Enbridge Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Enbridge income statement, its balance sheet, and the statement of cash flows. Enbridge investors use historical funamental indicators, such as Enbridge's Operating Cash Flow Per Share, to determine how well the company is positioned to perform in the future. Although Enbridge investors may use each financial statement separately, they are all related. The changes in Enbridge's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enbridge's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Enbridge Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enbridge. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for 2024 | ||
Operating Cash Flow Per Share | 6.91 | 7.25 |
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.
Pair Trading with Enbridge
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enbridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enbridge will appreciate offsetting losses from the drop in the long position's value.Moving against Enbridge Stock
0.49 | ENS-PA | E Split Corp | PairCorr |
0.44 | ENB-PFU | Enbridge Pref L | PairCorr |
0.41 | NOA | North American Const | PairCorr |
The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enbridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enbridge to buy it.
The correlation of Enbridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enbridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enbridge Correlation against competitors. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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