Enerplus Stock Price on August 12, 2021
| ERF Stock | USD 20.05 0.31 1.52% |
If you're considering investing in Enerplus Stock, it is important to understand the factors that can impact its price. As of today, the current price of Enerplus stands at 20.05, as last reported on the 17th of April 2024, with the highest price reaching 20.53 and the lowest price hitting 20.05 during the day. Enerplus appears to be very steady, given 3 months investment horizon. Enerplus secures Sharpe Ratio (or Efficiency) of 0.32, which denotes the company had a 0.32% return per unit of risk over the last 3 months. By reviewing Enerplus' technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Enerplus' Downside Deviation of 1.35, coefficient of variation of 313.18, and Mean Deviation of 1.23 to check if our risk estimates are consistent with your expectations.
Enerplus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Enerplus |
Sharpe Ratio = 0.3193
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.32 actual daily | 24 76% of assets perform better |
Based on monthly moving average Enerplus is performing at about 24% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enerplus by adding it to a well-diversified portfolio.
Enerplus Valuation on August 12, 2021
It is possible to determine the worth of Enerplus on a given historical date. On August 12, 2021 Enerplus was worth 13.04 at the beginning of the trading date compared to the closed value of 12.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Enerplus stock. Still, in general, we apply an absolute valuation method to find Enerplus' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Enerplus where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Enerplus' related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 13.04 | 13.19 | 12.74 | 12.79 | 2,985,695 |
| 13.24 | 13.39 | 12.26 | 12.26 | 2,154,317 |
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Enerplus Trading Date Momentum on August 12, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Enerplus Fundamentals Correlations and Trends
By evaluating Enerplus' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Enerplus' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Enerplus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Enerplus Stock history
Enerplus investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Enerplus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Enerplus will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Enerplus stock prices may prove useful in developing a viable investing in Enerplus
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Enerplus Corporation was founded in 1986 and is headquartered in Calgary, Canada. Enerplus Corp operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 435 people.
Enerplus Stock Technical Analysis
Enerplus 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.
Price Boundaries
Enerplus Period Price Range
Low | April 4, 2022
| High |
13.04 | 12.79 |
Enerplus April 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Enerplus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enerplus shares will generate the highest return on investment. By undertsting and applying Enerplus stock market strength indicators, traders can identify Enerplus entry and exit signals to maximize returns
| Accumulation Distribution | 101862.0 | |||
| Daily Balance Of Power | (0.56) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 12.97 | |||
| Day Typical Price | 12.91 | |||
| Price Action Indicator | (0.30) | |||
| Period Momentum Indicator | 7.26 | |||
| Relative Strength Index | 70.04 |
Enerplus Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enerplus' price direction in advance. Along with the technical and fundamental analysis of Enerplus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enerplus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.208 | |||
| Jensen Alpha | 0.5592 | |||
| Total Risk Alpha | 0.4658 | |||
| Sortino Ratio | 0.413 | |||
| Treynor Ratio | 0.6046 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Enerplus Stock please use our How to Invest in Enerplus guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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Is Enerplus' 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 Enerplus. If investors know Enerplus 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 Enerplus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Enerplus is measured differently than its book value, which is the value of Enerplus that is recorded on the company's balance sheet. Investors also form their own opinion of Enerplus' value that differs from its market value or its book value, called intrinsic value, which is Enerplus' 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 Enerplus' market value can be influenced by many factors that don't directly affect Enerplus' 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 Enerplus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enerplus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enerplus' 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.