Enbridge Stock Odds of Future Stock Price Finishing Over 45.1
| ENB Stock | USD 35.66 0.24 0.68% |
Closest to current price Enbridge long CALL Option Payoff at Expiration
Enbridge |
Enbridge Target Price Odds to finish over 45.1
The tendency of Enbridge Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 45.10 or more in 90 days |
| 35.66 | 90 days | 45.10 | close to zero percent |
Based on a normal probability distribution, the odds of Enbridge to move over $ 45.10 or more in 90 days from now is close to zero percent (This Enbridge probability density function shows the probability of Enbridge Stock to fall within a particular range of prices over 90 days) . Probability of Enbridge price to stay between its current price of $ 35.66 and $ 45.10 at the end of the 90-day period is about 17.33 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.03 suggesting Enbridge market returns are sensitive to returns on the market. As the market goes up or down, Enbridge is expected to follow. Additionally Enbridge has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Enbridge Price Density |
| Price |
Predictive Modules for Enbridge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enbridge. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enbridge's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Enbridge Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enbridge is not an exception. The market had few large corrections towards the Enbridge's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Enbridge, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enbridge within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.08 | |
β | Beta against NYSE Composite | 1.03 | |
σ | Overall volatility | 0.85 | |
Ir | Information ratio | -0.07 |
Enbridge Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Enbridge for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enbridge can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company has 61.83 B in debt with debt to equity (D/E) ratio of 1.22, which is OK given its current industry classification. Enbridge has a current ratio of 0.59, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enbridge until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge's use of debt, we should always consider it together with cash and equity. | |
| On 1st of March 2024 Enbridge paid $ 0.6733 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Enbridge Rises But Trails Market What Investors Should Know |
Enbridge Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Enbridge Stock often depends not only on the future outlook of the current and potential Enbridge's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Enbridge's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 B | |
| Cash And Short Term Investments | 4.5 B |
Enbridge Technical Analysis
Enbridge's future price can be derived by breaking down and analyzing its technical indicators over time. Enbridge Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enbridge. In general, you should focus on analyzing Enbridge Stock price patterns and their correlations with different microeconomic environments and drivers.
Enbridge Predictive Forecast Models
Enbridge's time-series forecasting models is one of many Enbridge's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Enbridge's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Enbridge
Checking the ongoing alerts about Enbridge for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enbridge help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has 61.83 B in debt with debt to equity (D/E) ratio of 1.22, which is OK given its current industry classification. Enbridge has a current ratio of 0.59, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enbridge until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge's use of debt, we should always consider it together with cash and equity. | |
| On 1st of March 2024 Enbridge paid $ 0.6733 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Enbridge Rises But Trails Market What Investors Should Know |
Check out Enbridge Backtesting, Enbridge Valuation, Enbridge Correlation, Enbridge Hype Analysis, Enbridge Volatility, Enbridge History as well as Enbridge Performance. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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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Is Enbridge's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enbridge. If investors know Enbridge will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enbridge listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.59) | Dividend Share 3.55 | Earnings Share 2.06 | Revenue Per Share 21.23 | Quarterly Revenue Growth (0.16) |
The market value of Enbridge is measured differently than its book value, which is the value of Enbridge that is recorded on the company's balance sheet. Investors also form their own opinion of Enbridge's value that differs from its market value or its book value, called intrinsic value, which is Enbridge's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enbridge's market value can be influenced by many factors that don't directly affect Enbridge's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.