Enbridge Pref Series Preferred Stock Probability of Future Preferred Stock Price Finishing Under 20.47
| ENB-PFK Preferred Stock | CAD 22.65 0.14 0.62% |
Enbridge |
Enbridge Pref Target Price Odds to finish below 20.47
The tendency of Enbridge Preferred Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to C$ 20.47 or more in 90 days |
| 22.65 | 90 days | 20.47 | near 1 |
Based on a normal probability distribution, the odds of Enbridge Pref to drop to C$ 20.47 or more in 90 days from now is near 1 (This Enbridge Pref Series probability density function shows the probability of Enbridge Preferred Stock to fall within a particular range of prices over 90 days) . Probability of Enbridge Pref Series price to stay between C$ 20.47 and its current price of C$22.65 at the end of the 90-day period is about 23.83 .
Assuming the 90 days trading horizon Enbridge Pref has a beta of 0.0093 suggesting as returns on the market go up, Enbridge Pref average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enbridge Pref Series will be expected to be much smaller as well. Additionally Enbridge Pref Series has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Enbridge Pref Price Density |
| Price |
Predictive Modules for Enbridge Pref
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enbridge Pref Series. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Enbridge Pref Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enbridge Pref is not an exception. The market had few large corrections towards the Enbridge Pref's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Enbridge Pref Series, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enbridge Pref within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 0.45 | |
Ir | Information ratio | -0.12 |
Enbridge Pref Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Enbridge Pref for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enbridge Pref Series can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enbridge Pref Series generated a negative expected return over the last 90 days | |
| Enbridge Pref Series has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Enbridge Pref Series has accumulated 66.35 B in total debt with debt to equity ratio (D/E) of 93.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Enbridge Pref Series has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enbridge Pref until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge Pref's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge Pref Series sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge Pref's use of debt, we should always consider it together with cash and equity. |
Enbridge Pref Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Enbridge Preferred Stock often depends not only on the future outlook of the current and potential Enbridge Pref'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 Pref's indicators that are reflective of the short sentiment are summarized in the table below.
| Dividend Yield | 0.1431 |
Enbridge Pref Technical Analysis
Enbridge Pref's future price can be derived by breaking down and analyzing its technical indicators over time. Enbridge Preferred Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enbridge Pref Series. In general, you should focus on analyzing Enbridge Preferred Stock price patterns and their correlations with different microeconomic environments and drivers.
Enbridge Pref Predictive Forecast Models
Enbridge Pref's time-series forecasting models is one of many Enbridge Pref's preferred stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Enbridge Pref's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the preferred stock market movement and maximize returns from investment trading.
Things to note about Enbridge Pref Series
Checking the ongoing alerts about Enbridge Pref for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enbridge Pref Series help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enbridge Pref Series generated a negative expected return over the last 90 days | |
| Enbridge Pref Series has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Enbridge Pref Series has accumulated 66.35 B in total debt with debt to equity ratio (D/E) of 93.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Enbridge Pref Series has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enbridge Pref until it has trouble settling it off, either with new capital or with free cash flow. So, Enbridge Pref's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enbridge Pref Series sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enbridge to invest in growth at high rates of return. When we think about Enbridge Pref's use of debt, we should always consider it together with cash and equity. |
Other Information on Investing in Enbridge Preferred Stock
Enbridge Pref financial ratios help investors to determine whether Enbridge Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Enbridge with respect to the benefits of owning Enbridge Pref security.