ENBRIDGE INC 55 Market Value
| 29250NAM7 | 95.03 0.00 0.00% |
| Symbol | ENBRIDGE |
ENBRIDGE '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 ENBRIDGE's bond 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 ENBRIDGE.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in ENBRIDGE on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding ENBRIDGE INC 55 or generate 0.0% return on investment in ENBRIDGE over 180 days. ENBRIDGE is related to or competes with 00108WAF7, 90331HPL1, MetLife, Jackson Financial, Brera Holdings, Fortinet, and Johnson Johnson. More
ENBRIDGE 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 ENBRIDGE's bond 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 ENBRIDGE INC 55 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 22.94 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.32 |
ENBRIDGE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENBRIDGE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ENBRIDGE's standard deviation. In reality, there are many statistical measures that can use ENBRIDGE historical prices to predict the future ENBRIDGE's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.02) |
ENBRIDGE INC 55 Backtested Returns
ENBRIDGE INC 55 retains Efficiency (Sharpe Ratio) of -0.14, which denotes the bond had a -0.14% return per unit of risk over the last 3 months. ENBRIDGE exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ENBRIDGE's Market Risk Adjusted Performance of (0.01), coefficient of variation of 118373.23, and Downside Deviation of 3.69 to check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, ENBRIDGE's returns are expected to increase less than the market. However, during the bear market, the loss of holding ENBRIDGE is expected to be smaller as well.
Auto-correlation | -0.7 |
Very good reverse predictability
ENBRIDGE INC 55 has very good reverse predictability. Overlapping area represents the amount of predictability between ENBRIDGE time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 ENBRIDGE INC 55 price movement. The serial correlation of -0.7 indicates that around 70.0% of current ENBRIDGE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 5.59 |
ENBRIDGE INC 55 lagged returns against current returns
Autocorrelation, which is ENBRIDGE bond'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 ENBRIDGE's bond expected returns. We can calculate the autocorrelation of ENBRIDGE returns to help us make a trade decision. For example, suppose you find that ENBRIDGE has exhibited high autocorrelation historically, and you observe that the bond 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 |
ENBRIDGE 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 ENBRIDGE bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ENBRIDGE bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ENBRIDGE bond over time.
Current vs Lagged Prices |
| Timeline |
ENBRIDGE Lagged Returns
When evaluating ENBRIDGE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ENBRIDGE bond have on its future price. ENBRIDGE 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, ENBRIDGE autocorrelation shows the relationship between ENBRIDGE bond current value and its past values and can show if there is a momentum factor associated with investing in ENBRIDGE INC 55.
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.Other Information on Investing in ENBRIDGE Bond
ENBRIDGE financial ratios help investors to determine whether ENBRIDGE Bond 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 security.