Enlink Midstream Llc Stock Market Value
| ENLC Stock | USD 16.01 0.16 1.01% |
| Symbol | EnLink |
EnLink Midstream LLC Price To Book Ratio
Is Oil & Gas Storage & Transportation space 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 EnLink Midstream. If investors know EnLink 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 EnLink Midstream 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 (0.49) | Dividend Share 0.53 | Earnings Share 0.22 | Revenue Per Share 14.633 | Quarterly Revenue Growth (0.09) |
The market value of EnLink Midstream LLC is measured differently than its book value, which is the value of EnLink that is recorded on the company's balance sheet. Investors also form their own opinion of EnLink Midstream's value that differs from its market value or its book value, called intrinsic value, which is EnLink Midstream'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 EnLink Midstream's market value can be influenced by many factors that don't directly affect EnLink Midstream'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 EnLink Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnLink Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnLink Midstream'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.
EnLink Midstream 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to EnLink Midstream's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of EnLink Midstream.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in EnLink Midstream on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding EnLink Midstream LLC or generate 0.0% return on investment in EnLink Midstream over 540 days. EnLink Midstream is related to or competes with Plains All, Hess Midstream, Western Midstream, Plains GP, Antero Midstream, and MPLX LP. EnLink Midstream, LLC provides midstream energy services in the United States More
EnLink Midstream Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure EnLink Midstream's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess EnLink Midstream LLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7725 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 11.3 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.71 |
EnLink Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnLink Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnLink Midstream's standard deviation. In reality, there are many statistical measures that can use EnLink Midstream historical prices to predict the future EnLink Midstream's volatility.| Risk Adjusted Performance | 0.1658 | |||
| Jensen Alpha | 0.2418 | |||
| Total Risk Alpha | 0.0752 | |||
| Sortino Ratio | 0.226 | |||
| Treynor Ratio | 0.6956 |
EnLink Midstream LLC Backtested Returns
EnLink Midstream appears to be very steady, given 3 months investment horizon. EnLink Midstream LLC secures Sharpe Ratio (or Efficiency) of 0.23, which denotes the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for EnLink Midstream LLC, which you can use to evaluate the volatility of the firm. Please utilize EnLink Midstream's Downside Deviation of 0.7725, semi deviation of 0.3923, and Mean Deviation of 0.8339 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EnLink Midstream holds a performance score of 18. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, EnLink Midstream's returns are expected to increase less than the market. However, during the bear market, the loss of holding EnLink Midstream is expected to be smaller as well. Please check EnLink Midstream's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether EnLink Midstream's price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
EnLink Midstream LLC has below average predictability. Overlapping area represents the amount of predictability between EnLink Midstream time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EnLink Midstream LLC price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current EnLink Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
EnLink Midstream LLC lagged returns against current returns
Autocorrelation, which is EnLink Midstream stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting EnLink Midstream's stock expected returns. We can calculate the autocorrelation of EnLink Midstream returns to help us make a trade decision. For example, suppose you find that EnLink Midstream has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
EnLink Midstream regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If EnLink Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnLink Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnLink Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
EnLink Midstream Lagged Returns
When evaluating EnLink Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnLink Midstream stock have on its future price. EnLink Midstream autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, EnLink Midstream autocorrelation shows the relationship between EnLink Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in EnLink Midstream LLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether EnLink Midstream LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnLink Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enlink Midstream Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enlink Midstream Llc Stock:Check out EnLink Midstream Correlation, EnLink Midstream Volatility and EnLink Midstream Alpha and Beta module to complement your research on EnLink Midstream. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
EnLink Midstream 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.