Enbridge Stock Price Prediction
ENB Stock | USD 34.86 0.96 2.83% |
Oversold Vs Overbought
47
Oversold | Overbought |
Enbridge stock price prediction is an act of determining the future value of Enbridge shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Enbridge's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Enbridge and does not consider all of the tangible or intangible factors available from Enbridge's fundamental data. We analyze noise-free headlines and recent hype associated with Enbridge, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Enbridge's stock price prediction:Quarterly Earnings Growth (0.59) | EPS Estimate Next Quarter 0.62 | EPS Estimate Current Year 2.07 | EPS Estimate Next Year 2.17 | Wall Street Target Price 38.73 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Enbridge based on different types of headlines from major news networks to social media. The Enbridge stock price prediction module provides an analysis of price elasticity to changes in media outlook on Enbridge over a specific investment horizon. Using Enbridge hype-based prediction, you can estimate the value of Enbridge from the perspective of Enbridge response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Enbridge using Enbridge's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Enbridge using crowd psychology based on the activity and movement of Enbridge's stock price.
Enbridge Short Interest
A significant increase or decrease in Enbridge's short interest from the previous month could be a good indicator of investor sentiment towards Enbridge. Short interest can provide insight into the potential direction of Enbridge stock and how bullish or bearish investors feel about the market overall. An investor who is long Enbridge may also wish to track short interest. As short interest increases, investors should be becoming more worried about Enbridge and may potentially protect profits, hedge Enbridge with its derivative instruments, or be ready for some potential downside.
200 Day MA 34.8856 | Short Percent 0.0115 | Short Ratio 5.86 | Shares Short Prior Month 23.2 M | 50 Day MA 35.003 |
Enbridge Hype to Price Pattern
Investor biases related to Enbridge's public news can be used to forecast risks associated with an investment in Enbridge. The trend in average sentiment can be used to explain how an investor holding Enbridge can time the market purely based on public headlines and social activities around Enbridge. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Enbridge's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Enbridge.
Enbridge Implied Volatility | 88.98 |
Enbridge's implied volatility exposes the market's sentiment of Enbridge stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enbridge's 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 Enbridge stock will not fluctuate a lot when Enbridge's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Enbridge. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Enbridge to buy its stock at a price that has no basis in reality. In that case, they are not buying Enbridge because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Enbridge after-hype prediction price | USD 33.9 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Enbridge contract
Based on the Rule 16, the options market is currently suggesting that Enbridge will have an average daily up or down price movement of about 5.56% per day over the life of the 2024-04-19 option contract. With Enbridge trading at USD 34.86, that is roughly USD 1.94 . If you think that the market is fully incorporating Enbridge's daily price movement you should consider acquiring Enbridge options at the current volatility level of 88.98%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Enbridge |
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 After-Hype Price Prediction Density Analysis
As far as predicting the price of Enbridge at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Enbridge or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Enbridge, with the unreliable approximations that try to describe financial returns.
Next price density |
Expected price to next headline |
Enbridge Estimiated After-Hype Price Volatility
In the context of predicting Enbridge's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Enbridge's historical news coverage. Enbridge's after-hype downside and upside margins for the prediction period are 32.91 and 34.89, respectively. We have considered Enbridge's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Enbridge is very steady at this time. Analysis and calculation of next after-hype price of Enbridge is based on 3 months time horizon.
Enbridge Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Enbridge is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enbridge backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Enbridge, there might be something going there, and it might present an excellent short sale opportunity.
Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 1.06 | 0.00 | 0.00 | 11 Events / Month | 6 Events / Month | In about 11 days |
Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
34.86 | 33.90 | 0.00 |
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Enbridge Hype Timeline
On the 19th of April Enbridge is traded for 34.86. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Enbridge is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.01%. %. The volatility of related hype on Enbridge is about 792.52%, with the expected price after the next announcement by competition of 34.86. About 54.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.82. Some equities with similar Price to Book (P/B) outperform the market in the long run. Enbridge has Price/Earnings To Growth (PEG) ratio of 1.71. The entity last dividend was issued on the 14th of February 2024. The firm had 2:1 split on the 1st of June 2011. Considering the 90-day investment horizon the next estimated press release will be in about 11 days. Check out Enbridge Basic Forecasting Models to cross-verify your projections.Enbridge Related Hype Analysis
Having access to credible news sources related to Enbridge's direct competition is more important than ever and may enhance your ability to predict Enbridge's future price movements. Getting to know how Enbridge's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Enbridge may potentially react to the hype associated with one of its peers.
HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
ET | Energy Transfer LP | (0.12) | 10 per month | 0.58 | 0.15 | 1.97 | (1.23) | 3.98 | |
MMP | Magellan Midstream Partners | 0.49 | 11 per month | 0.46 | 0.22 | 1.59 | (1.07) | 4.09 | |
KMI | Kinder Morgan | (0.03) | 8 per month | 0.83 | (0.01) | 2.11 | (1.56) | 4.43 | |
MPLX | MPLX LP | 0.03 | 11 per month | 0.63 | 0.11 | 1.45 | (1.25) | 3.82 | |
PBA | Pembina Pipeline Corp | 0.20 | 10 per month | 0.83 | (0.04) | 1.04 | (1.14) | 3.03 | |
WMB | Williams Companies | (0.37) | 9 per month | 0.73 | 0.08 | 1.64 | (1.47) | 4.81 | |
EPD | Enterprise Products Partners | (0.04) | 10 per month | 0.57 | 0.09 | 1.10 | (0.98) | 3.15 | |
OKE | ONEOK Inc | 0.91 | 10 per month | 0.62 | 0.13 | 2.08 | (1.08) | 5.43 |
Enbridge Additional Predictive Modules
Most predictive techniques to examine Enbridge price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Enbridge using various technical indicators. When you analyze Enbridge charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
About Enbridge Predictive Indicators
The successful prediction of Enbridge stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Enbridge, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Enbridge based on analysis of Enbridge hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Enbridge's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Enbridge's related companies. 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0708 | 0.0682 | 0.0778 | 0.0817 | Price To Sales Ratio | 2.14 | 2.01 | 2.25 | 2.64 |
Story Coverage note for Enbridge
The number of cover stories for Enbridge depends on current market conditions and Enbridge's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Enbridge is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Enbridge's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Enbridge Short Properties
Enbridge's future price predictability will typically decrease when Enbridge's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Enbridge often depends not only on the future outlook of the 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 |
Check out Enbridge Basic Forecasting Models to cross-verify your projections. For information on how to trade Enbridge Stock refer to our How to Trade Enbridge Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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.