Enbridge Stock Beta
EBBNF Stock | USD 20.78 0.12 0.57% |
Enbridge fundamentals help investors to digest information that contributes to Enbridge's financial success or failures. It also enables traders to predict the movement of Enbridge Pink Sheet. The fundamental analysis module provides a way to measure Enbridge's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Enbridge pink sheet.
Enbridge |
Enbridge Company Beta Analysis
Enbridge's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Enbridge Beta | 0.89 |
Most of Enbridge's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Enbridge is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, Enbridge has a Beta of 0.8865. This is 47.85% lower than that of the Energy sector and 31.81% lower than that of the Oil & Gas Midstream industry. The beta for all United States stocks is notably lower than that of the firm.
Enbridge Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enbridge's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Enbridge could also be used in its relative valuation, which is a method of valuing Enbridge by comparing valuation metrics of similar companies.Enbridge is currently under evaluation in beta category among related companies.
Enbridge returns are very sensitive to returns on the market. As the market goes up or down, Enbridge is expected to follow.
Enbridge Fundamentals
Return On Equity | 0.0464 | |||
Return On Asset | 0.0302 | |||
Profit Margin | 0.06 % | |||
Operating Margin | 0.16 % | |||
Current Valuation | 124.36 B | |||
Shares Outstanding | 1.72 B | |||
Shares Owned By Institutions | 16.00 % | |||
Price To Earning | 9.01 X | |||
Price To Sales | 1.49 X | |||
Revenue | 53.31 B | |||
Gross Profit | 20.72 B | |||
EBITDA | 12.04 B | |||
Net Income | 1.28 B | |||
Cash And Equivalents | 1.15 B | |||
Cash Per Share | 0.57 X | |||
Total Debt | 72.94 B | |||
Debt To Equity | 1.22 % | |||
Current Ratio | 0.60 X | |||
Book Value Per Share | 26.21 X | |||
Cash Flow From Operations | 11.23 B | |||
Earnings Per Share | 2.22 X | |||
Number Of Employees | 11.1 K | |||
Beta | 0.89 | |||
Market Capitalization | 83.2 B | |||
Total Asset | 179.61 B | |||
Z Score | 0.6 | |||
Annual Yield | 0.07 % | |||
Five Year Return | 6.32 % | |||
Net Asset | 179.61 B | |||
Last Dividend Paid | 3.44 |
About Enbridge Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enbridge's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enbridge using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enbridge based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 together with Enbridge Pink Sheet
0.79 | TRP-PB | TC Energy Corp | PairCorr |
0.68 | TRP-PC | TC Energy Corp | PairCorr |
0.85 | EPD | Enterprise Products Financial Report 7th of May 2024 | 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Enbridge Pink Sheet please use our How to Invest in Enbridge guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Enbridge Pink Sheet 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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