Enterprise Products Partners Stock Market Value
| EPD Stock | USD 29.05 0.14 0.48% |
| Symbol | Enterprise |
Enterprise Products Price To Book Ratio
Is Enterprise Products' 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 Enterprise Products. If investors know Enterprise 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 Enterprise Products 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 0.096 | Dividend Share 2.005 | Earnings Share 2.52 | Revenue Per Share 22.889 | Quarterly Revenue Growth 0.071 |
The market value of Enterprise Products is measured differently than its book value, which is the value of Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Enterprise Products' value that differs from its market value or its book value, called intrinsic value, which is Enterprise Products' 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 Enterprise Products' market value can be influenced by many factors that don't directly affect Enterprise Products' 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 Enterprise Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enterprise Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enterprise Products' 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.
Enterprise Products 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Enterprise Products' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Enterprise Products.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Enterprise Products on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Enterprise Products Partners or generate 0.0% return on investment in Enterprise Products over 60 days. Enterprise Products is related to or competes with MPLX LP, and Enbridge. Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural ... More
Enterprise Products Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Enterprise Products' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Enterprise Products Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7252 | |||
| Information Ratio | 0.0727 | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.12 |
Enterprise Products Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enterprise Products' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enterprise Products' standard deviation. In reality, there are many statistical measures that can use Enterprise Products historical prices to predict the future Enterprise Products' volatility.| Risk Adjusted Performance | 0.1359 | |||
| Jensen Alpha | 0.0972 | |||
| Total Risk Alpha | 0.043 | |||
| Sortino Ratio | 0.0662 | |||
| Treynor Ratio | 0.3147 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Enterprise Products' 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.
Enterprise Products Backtested Returns
We consider Enterprise Products very steady. Enterprise Products secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Enterprise Products Partners, which you can use to evaluate the volatility of the firm. Please confirm Enterprise Products' Mean Deviation of 0.5198, downside deviation of 0.7252, and Coefficient Of Variation of 460.57 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Enterprise Products has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Enterprise Products' returns are expected to increase less than the market. However, during the bear market, the loss of holding Enterprise Products is expected to be smaller as well. Enterprise Products right now shows a risk of 0.67%. Please confirm Enterprise Products expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Enterprise Products will be following its price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Enterprise Products Partners has good reverse predictability. Overlapping area represents the amount of predictability between Enterprise Products time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Enterprise Products price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Enterprise Products price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Enterprise Products lagged returns against current returns
Autocorrelation, which is Enterprise Products stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Enterprise Products' stock expected returns. We can calculate the autocorrelation of Enterprise Products returns to help us make a trade decision. For example, suppose you find that Enterprise Products has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Enterprise Products regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Enterprise Products stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enterprise Products stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Enterprise Products stock over time.
Current vs Lagged Prices |
| Timeline |
Enterprise Products Lagged Returns
When evaluating Enterprise Products' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enterprise Products stock have on its future price. Enterprise Products autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Enterprise Products autocorrelation shows the relationship between Enterprise Products stock current value and its past values and can show if there is a momentum factor associated with investing in Enterprise Products Partners.
Regressed Prices |
| Timeline |
Enterprise Products Investors Sentiment
The influence of Enterprise Products' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enterprise. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enterprise Products' public news can be used to forecast risks associated with an investment in Enterprise. The trend in average sentiment can be used to explain how an investor holding Enterprise can time the market purely based on public headlines and social activities around Enterprise Products Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enterprise Products' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enterprise Products' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enterprise Products' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enterprise Products.
Enterprise Products Implied Volatility | 25.79 |
Enterprise Products' implied volatility exposes the market's sentiment of Enterprise Products Partners stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enterprise Products' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enterprise Products stock will not fluctuate a lot when Enterprise Products' options are near their expiration.
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 Enterprise Products 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, Enterprise Products' short interest history, or implied volatility extrapolated from Enterprise Products options trading.
Pair Trading with Enterprise Products
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 Enterprise Products 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 Enterprise Products will appreciate offsetting losses from the drop in the long position's value.Moving together with Enterprise Stock
| 0.96 | AM | Antero Midstream Partners Earnings Call Tomorrow | PairCorr |
| 0.97 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Moving against Enterprise Stock
| 0.74 | TK | Teekay | PairCorr |
| 0.71 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.55 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.52 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Enterprise Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enterprise Products 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 Enterprise Products - 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 Enterprise Products Partners to buy it.
The correlation of Enterprise Products 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 Enterprise Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Products 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 Enterprise Products 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 Enterprise Products Correlation, Enterprise Products Volatility and Enterprise Products Alpha and Beta module to complement your research on Enterprise Products. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Enterprise Stock analysis
When running Enterprise Products' price analysis, check to measure Enterprise Products' 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 Enterprise Products is operating at the current time. Most of Enterprise Products' value examination focuses on studying past and present price action to predict the probability of Enterprise Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enterprise Products' price. Additionally, you may evaluate how the addition of Enterprise Products to your portfolios can decrease your overall portfolio volatility.
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Enterprise Products technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.