Enbridge Competitors

EBBNF Stock  USD 20.52  0.08  0.39%   
Enbridge competes with Enbridge, TC Energy, Enterprise Products, TC Energy, and Williams Companies; as well as few others. The company classifies itself under Energy sector and is part of Oil & Gas Midstream industry. Analyzing Enbridge competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Enbridge to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Enbridge Correlation with its peers.
For more detail on how to invest in Enbridge Pink Sheet please use our How to Invest in Enbridge guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Enbridge competition on your existing holdings.
  
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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.
Hype
Prediction
LowEstimatedHigh
19.6420.5221.40
Details
Intrinsic
Valuation
LowRealHigh
19.1920.0720.95
Details
Naive
Forecast
LowNextHigh
19.5120.4021.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.1220.3220.53
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Enbridge. Your research has to be compared to or analyzed against Enbridge's peers to derive any actionable benefits. When done correctly, Enbridge's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Enbridge.

Enbridge Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Enbridge and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Enbridge and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Enbridge does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
TRP-PCTRP-PB
OKEEPD
OKEWMB
WMBEPD
EPDTRP-PB
TTRP-PC
  
High negative correlations   
TRP-PBENB
TRP-PCENB
TCANFENB
TENB
EPDENB
OKEENB

Risk-Adjusted Indicators

There is a big difference between Enbridge Pink Sheet performing well and Enbridge Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Enbridge's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Enbridge Competitive Analysis

The better you understand Enbridge competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Enbridge's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Enbridge's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
EBBNFENBTRP-PBEPDTRP-PCWMBOKETCANFT
 0.39 
 20.52 
Enbridge
 0.53 
 36.18 
Enbridge
 0.39 
 12.69 
TRP-PB
 0.45 
 29.18 
Enterprise
 1.41 
 12.97 
TRP-PC
 1.12 
 38.97 
Williams
 0.72 
 80.17 
ONEOK
 0.00 
 6.14 
TCANF
 0.28 
 17.60 
ATT
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(90 Days Macroaxis Advice)
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Enbridge Competition Performance Charts

Five steps to successful analysis of Enbridge Competition

Enbridge's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Enbridge in relation to its competition. Enbridge's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Enbridge in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Enbridge's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Enbridge, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Enbridge position

In addition to having Enbridge in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge'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 Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:
Check out Enbridge Correlation with its peers.
For more detail on how to invest in Enbridge Pink Sheet please use our How to Invest in Enbridge guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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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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.