Enbridge Energy Backtesting

Enbridge Energy Partners L P -- USA Stock  

USD 10.45  0.07  0.67%

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

February 22, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
April 23, 2018
0.00
If you would invest  0.00  in Enbridge Energy on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding Enbridge Energy Partners L P or generate 0.0% return on investment in Enbridge Energy over 60 days. Enbridge Energy is related to or competes with Cheniere Energy, TechnipFMC plc, Halliburton, Magellan Midstream, MRC Global, and NATL OILWELL. Enbridge Energy Partners, L.P. provides crude oil and liquid petroleum gathering, transportation, and storage services a...

Enbridge Energy Upside/Downside Indicators

Information Ratio0.11
Maximum Drawdown19.59
Value At Risk3.47
Potential Upside3.03
  

Enbridge Energy Market Premium Indicators

Risk Adjusted Performance0.22
Jensen Alpha0.45
Total Risk Alpha0.27
Treynor Ratio4.05

Enbridge Energy Part Backtested Returns

Macroaxis considers Enbridge Energy to be not very volatile. Enbridge Energy Part secures Sharpe Ratio (or Efficiency) of -0.1229 which denotes Enbridge Energy Part had -0.1229% of return per unit of standard deviation over the last 2 months. 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 Energy Partners L P exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Enbridge Energy Part Mean Deviation of 1.95 to check risk estimate we provide. Macroaxis gives Enbridge Energy performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1144 which denotes to the fact that as returns on market increase, Enbridge Energy returns are expected to increase less than the market. However during bear market, the loss on holding Enbridge Energy will be expected to be smaller as well.. Even though it is essential to pay attention to Enbridge Energy Part 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 Energy Partners L P exposes twenty-one different technical indicators which can help you to evaluate its performance. Enbridge Energy Part has expected return of -0.4214%. Please be advised to confirm Enbridge Energy Part Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Enbridge Energy Part past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.65) 

Very good reverse predictability

Enbridge Energy Partners L P has very good reverse predictability. Overlapping area represents the amount of predictability between Enbridge Energy time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 23, 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 Energy Part price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Enbridge Energy price fluctuation can be explain by its past prices. Given that Enbridge Energy Partners L P has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Enbridge Energy for similar time interval.
Correlation Coefficient -0.65
Spearman Rank Test -0.58
Price Variance 0.18
Lagged Price Variance 1.64

Enbridge Energy Part lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Enbridge Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Enbridge Energy Lagged Returns

 Regressed Prices 
      Timeline 

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The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
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You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
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Additionally see Enbridge Energy Hype Analysis, Enbridge Energy Correlation, Enbridge Energy Valuation, Enbridge Energy Volatility as well as analyze Enbridge Energy Alpha and Beta and Enbridge Energy Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.