Enbridge Stock Price on April 9, 2024
| EBBNF Stock | USD 20.50 0.10 0.49% |
If you're considering investing in Enbridge Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Enbridge stands at 20.50, as last reported on the 29th of April, with the highest price reaching 20.50 and the lowest price hitting 20.40 during the day. We consider Enbridge very steady. Enbridge secures Sharpe Ratio (or Efficiency) of 0.0579, which denotes the company had a 0.0579% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Enbridge, which you can use to evaluate the volatility of the firm. Please confirm Enbridge's Mean Deviation of 0.705, semi deviation of 0.9107, and Downside Deviation of 1.21 to check if the risk estimate we provide is consistent with the expected return of 0.0674%.
Enbridge Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Enbridge |
Sharpe Ratio = 0.0579
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| Cash | EBBNF | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Enbridge is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Enbridge by adding it to a well-diversified portfolio.
Related Headline
Enbridge Headline on 9th of April 2024
Enbridge Outpaces Stock Market Gains What You Should Know by finance.yahoo.com
Enbridge closed the most recent trading day at 35.32, moving 0.23 percent from the previous trading session.
Enbridge Valuation on April 9, 2024
It is possible to determine the worth of Enbridge on a given historical date. On April 9, 2024 Enbridge was worth 21.2 at the beginning of the trading date compared to the closed value of 21.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Enbridge pink sheet. Still, in general, we apply an absolute valuation method to find Enbridge's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Enbridge where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Enbridge's related companies.
| Open | High | Low | Close | Volume | |
| 21.40 | 21.40 | 21.11 | 21.20 | 22,600 | |
04/09/2024 | 21.20 | 21.20 | 21.10 | 21.17 | 6,200 |
| 21.20 | 21.20 | 21.00 | 21.11 | 5,701 |
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Enbridge Trading Date Momentum on April 9, 2024
| On April 10 2024 Enbridge was traded for 21.11 at the closing time. The highest daily price throughout the period was 21.20 and the lowest price was 21.00 . The daily volume was 5.7 K. The net trading volume on 04/10/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.28% . The overall trading delta to current closing price is 4.35% . |
Enbridge Fundamentals Correlations and Trends
By evaluating Enbridge's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Enbridge's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Enbridge financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Enbridge Pink Sheet history
Enbridge investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Enbridge is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Enbridge will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Enbridge stock prices may prove useful in developing a viable investing in Enbridge
The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada. Enbridge operates under Oil Gas Midstream classification in the United States and is traded on OTC Exchange. It employs 10900 people.
Enbridge Pink Sheet Technical Analysis
Enbridge technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Enbridge Period Price Range
Low | April 9, 2024
| High |
21.20 | 21.17 |
Enbridge April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Enbridge pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Enbridge shares will generate the highest return on investment. By undertsting and applying Enbridge pink sheet market strength indicators, traders can identify Enbridge entry and exit signals to maximize returns
| Accumulation Distribution | 29.25 | |||
| Daily Balance Of Power | (0.30) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 21.15 | |||
| Day Typical Price | 21.16 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | (0.67) |
Enbridge Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Enbridge's price direction in advance. Along with the technical and fundamental analysis of Enbridge Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Enbridge to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.0824 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 2.76 |
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| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Enbridge Pink Sheet analysis
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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