Enbridge Stock Forward View - Polynomial Regression
| ENB Stock | CAD 75.49 0.20 0.27% |
Enbridge's Polynomial Regression reference data reflects the model's output when applied to available daily price observations. This page summarizes the model output and key accuracy metrics for reference. The projected value and error metrics are calculated from available daily price observations.
The Polynomial Regression forecasted value of Enbridge on the next trading day is expected to be 74.02 with a mean absolute deviation of 0.68 and the sum of the absolute errors of 42.01.A single variable polynomial regression model attempts to put a curve through the Enbridge historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm The Polynomial Regression reference values for Enbridge are derived from publicly available price data and should be used for informational purposes only. Polynomial Regression Price Forecast For the 28th of March
Given 90 days horizon, the Polynomial Regression forecasted value of Enbridge on the next trading day is expected to be 74.02 with a mean absolute deviation of 0.68 , mean absolute percentage error of 0.75 , and the sum of the absolute errors of 42.01 .Please note that although there have been many attempts to predict Enbridge Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Enbridge's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
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Forecasted Value
For the next trading day, Macroaxis evaluates Enbridge's predictive range by looking for statistically meaningful downside and upside boundaries. At the moment, the model places downside around 72.89 and upside around 75.14 for the forecasting period.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Enbridge stock data series using in forecasting. Note that when a statistical model is used to represent Enbridge stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 119.6571 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.6776 |
| MAPE | Mean absolute percentage error | 0.0099 |
| SAE | Sum of the absolute errors | 42.0118 |
Other Forecasting Options for Enbridge
Relative Strength Index values for Enbridge measure the speed and magnitude of recent price changes. Recognizing these clusters in Enbridge's returns helps calibrate position size and stop-loss levels. Candlestick pattern analysis of Enbridge Stock daily data can reveal short-term reversal or continuation signals.Enbridge Related Equities
These stocks are related to Enbridge within the Energy space and can be used for peer review, pricing, or spreading risk. Peer review on balance sheet metrics shows how Enbridge's capital structure stacks up against similar firms. How Enbridge ranks within this group can shift over time as the competitive picture changes. These links can also guide portfolio spreading choices within the sector.
| Risk & Return | Correlation |
Enbridge Market Strength Events
Market strength indicators provide a structured view of how Enbridge stock is positioned relative to trends. These indicators are valuable tools for identifying when to enter or exit positions in Enbridge. These signals help validate or refine position timing for Enbridge.
Enbridge Risk Indicators
The analysis of Enbridge's risk metrics is one of the most important steps in projecting its future price. This process quantifies the risk associated with Enbridge's and helps determine how to manage it. A structured analysis of Enbridge's risk indicators is one of the most reliable ways to improve forecast accuracy.
| Mean Deviation | 0.8257 | |||
| Semi Deviation | 0.7871 | |||
| Standard Deviation | 1.1 | |||
| Variance | 1.2 | |||
| Downside Variance | 1.14 | |||
| Semi Variance | 0.6196 | |||
| Expected Short fall | -0.95 |
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.
Story Coverage note for Enbridge
A coverage review of Enbridge shows when the security is attracting above-average attention from contributors and market observers. A disciplined read of coverage separates durable relevance from temporary noise.
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Latest Perspective From Macroaxis
Enbridge Short Properties
Short sentiment tied to Enbridge matters because heavier bearish pressure can change how quickly future price expectations become unstable. The practical goal is to identify when the balance between long and short participation may be changing the quality of the setup.
| Common Stock Shares Outstanding | 2.2 B | |
| Cash And Short Term Investments | 1.2 B |
More Resources for Enbridge Stock Analysis
A broader look at Enbridge comes from its financial reports and historical data. The data captures Enbridge's financial activity across reporting cycles.Historical Fundamental Analysis of Enbridge can be used to cross-verify projections for Enbridge. Read more about Enbridge Stock in our How to Buy Enbridge Stock guide. It covers account setup, order types, and timing considerations for Enbridge.Enbridge P/E of 37.87 alongside ROE at 11.56% frames the starting point - the resources below add portfolio-level context that single-security analysis cannot provide alone. That valuation within Energy invites comparison with Oil & Gas Midstream peers using the tools below to judge whether the multiple is justified. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.