Enbridge Pref Preferred Stock Forecast - Daily Balance Of Power
| ENB-PFG Preferred Stock | CAD 18.89 0.00 0.00% |
Enbridge Preferred Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Enbridge Pref's historical fundamentals, such as revenue growth or operating cash flow patterns.
Enbridge |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.6875 | 0.6875 |
| Check Enbridge Pref Volatility | Backtest Enbridge Pref | Trend Details |
Enbridge Pref Trading Date Momentum
| On December 13 2024 Enbridge Pref 15 was traded for 18.90 at the closing time. The highest price during the trading period was 19.11 and the lowest recorded bid was listed for 18.68 . The volume for the day was 1.9 K. This history from December 13, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.11% . The overall trading delta to the current price is 0.26% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Enbridge Pref
For every potential investor in Enbridge, whether a beginner or expert, Enbridge Pref's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Enbridge Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Enbridge. Basic forecasting techniques help filter out the noise by identifying Enbridge Pref's price trends.Enbridge Pref Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enbridge Pref preferred stock to make a market-neutral strategy. Peer analysis of Enbridge Pref could also be used in its relative valuation, which is a method of valuing Enbridge Pref by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Enbridge Pref 15 Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Enbridge Pref's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Enbridge Pref's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Enbridge Pref Market Strength Events
Market strength indicators help investors to evaluate how Enbridge Pref preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enbridge Pref shares will generate the highest return on investment. By undertsting and applying Enbridge Pref preferred stock market strength indicators, traders can identify Enbridge Pref 15 entry and exit signals to maximize returns.
Enbridge Pref Risk Indicators
The analysis of Enbridge Pref's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Enbridge Pref's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting enbridge preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.3707 | |||
| Semi Deviation | 0.3236 | |||
| Standard Deviation | 0.5496 | |||
| Variance | 0.3021 | |||
| Downside Variance | 0.3185 | |||
| Semi Variance | 0.1047 | |||
| Expected Short fall | (0.46) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Enbridge Pref
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 Pref 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 Pref will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Preferred Stock
The ability to find closely correlated positions to Enbridge Pref 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 Pref 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 Pref - 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 Pref 15 to buy it.
The correlation of Enbridge Pref 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 Pref moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge Pref 15 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 Pref 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.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.