Enbridge Competitors

EBGEF Stock

USD 21.75 0.25 1.16%

Enbridge competes with Summit Midstream, EnLink Midstream, Kinetik Holdings, Overseas Shipholding, and Plains All; 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.

Specify up to 10 symbols:

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

Low	Estimated	High
20.84	21.75	22.66

Details

Intrinsic

Valuation

Low	Real	High
17.15	18.06	23.93

Details

Naive

Forecast

Low	Next	High
20.52	21.43	22.34

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
21.13	21.77	22.42

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.

	SMLP	ENLC	KNTK	OSG	PAA	NS	GEL	WES	HESM	NGL-PB
SMLP		0.93	0.92	0.07	0.88	-0.23	0.47	0.78	0.71	0.8	SMLP
ENLC	0.93		0.97	0.02	0.95	-0.12	0.44	0.85	0.8	0.83	ENLC
KNTK	0.92	0.97		0.0	0.94	-0.05	0.34	0.89	0.86	0.86	KNTK
OSG	0.07	0.02	0.0		0.01	0.11	-0.09	-0.11	0.0	-0.13	OSG
PAA	0.88	0.95	0.94	0.01		-0.02	0.41	0.89	0.86	0.85	PAA
NS	-0.23	-0.12	-0.05	0.11	-0.02		-0.4	0.24	0.27	0.04	NS
GEL	0.47	0.44	0.34	-0.09	0.41	-0.4		0.32	0.12	0.29	GEL
WES	0.78	0.85	0.89	-0.11	0.89	0.24	0.32		0.91	0.86	WES
HESM	0.71	0.8	0.86	0.0	0.86	0.27	0.12	0.91		0.72	HESM
NGL-PB	0.8	0.83	0.86	-0.13	0.85	0.04	0.29	0.86	0.72		NGL-PB
	SMLP	ENLC	KNTK	OSG	PAA	NS	GEL	WES	HESM	NGL-PB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

High positive correlations

KNTK	+ 0.97	ENLC
PAA	+ 0.95	ENLC
PAA	+ 0.94	KNTK
ENLC	+ 0.93	SMLP
KNTK	+ 0.92	SMLP
HESM	+ 0.91	WES

High negative correlations

GEL	- 0.4	NS
NS	- 0.23	SMLP
NGL-PB	- 0.13	OSG
NS	- 0.12	ENLC
WES	- 0.11	OSG
GEL	- 0.09	OSG

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMLP	2.57	0.92	0.38	1.96	1.69	(3.31)	7.31	(3.79)	40.87
ENLC	0.93	0.15	0.12	0.23	0.95	(1.02)	1.99	(2.05)	4.97
KNTK	1.13	0.22	0.14	0.30	1.17	(1.18)	2.70	(2.12)	7.86
OSG	1.39	0.02	0.01	0.07	1.77	(1.51)	3.03	(3.04)	13.78
PAA	0.98	0.07	0.04	0.12	1.25	(0.95)	1.87	(2.16)	5.14
NS	1.08	0.04	0.03	0.09	1.38	(1.15)	2.04	(1.84)	6.74
GEL	1.59	0.00	0.00	0.05	2.39	(1.40)	3.59	(3.68)	11.00
WES	1.17	0.20	0.15	0.20	1.23	(1.36)	2.63	(2.05)	13.68
HESM	0.78	0.01	(0.01)	0.07	1.11	(0.78)	1.53	(1.70)	5.16
NGL-PB	0.60	0.18	0.24	(16.34)	0.19	(0.81)	1.92	(0.73)	5.35

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

	EBGEF	SMLP	ENLC	KNTK	OSG	PAA	NS	GEL	WES	HESM
	1.16 21.75 Enbridge	2.80 27.78 Summit	6.20 12.87 EnLink	1.28 37.85 Kinetik	0.99 6.14 Overseas	1.74 16.93 Plains	0.89 22.37 NuStar	0.51 11.77 Genesis	0.70 34.34 Western	0.09 33.48 Hess
Market Volatility (90 Days Market Risk)	Very steady	Not too volatile	Very steady	Very steady	Somewhat reliable	Very steady	Very steady	Somewhat reliable	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	Good	Good	Solid	Very Weak	Good	Weak	Weak	Good	Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Below Average	Below Average	Very Low	Below Average	Low	Below Average	Below Average	Below Average	Below Average
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Under Valued	Under Valued	Over Valued	Under Valued	Over Valued	Over Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Strong Sell	Buy	Buy	Strong Sell	Buy	Hold	Buy	Buy	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Buy	Strong Buy	Strong Buy	Hold	Strong Buy	Strong Hold	Hold	Strong Hold	Strong Hold
Current Ratio	0.58	0.91	1.06	1.12	0.75	0.97	1.08	1.13	1.2	0.93
Net Asset	179.61 B	2.49 B	8.33 B	6.5 B	1.08 B	27.36 B	4.9 B	7.07 B	12.47 B	3.79 B
Profit Margin	0.0563	-0.0847	0.024	0.31	0.14	0.0253	0.13	0.037	0.32	0.1
EBITDA	12.04 B	205.79 M	1.34 B	655.47 M	169.23 M	2.48 B	724.86 M	635.56 M	1.89 B	1.01 B
Operating Margin	0.16	0.2	0.0755	0.18	0.23	0.0328	0.26	0.0847	0.42	0.62
Current Valuation	124.36 B	1.99 B	12.66 B	8.94 B	914.13 M	25.28 B	7.01 B	6.62 B	20.8 B	5.95 B
Price To Book	N/A	0.41	6.14	1.33	1.2	1.19	2.57	1.08	4.54	8.28
Retained Earnings	N/A	(143.41 M)	570.5 M	(723.52 M)	(174.82 M)	1.63 B	(1.07 B)	(519.7 M)	1.22 B	179.7 M
Current Asset	N/A	114.95 M	493.7 M	N/A	623.93 M	2.97 B	333.85 M	306.32 M	299.22 M	77.11 M
Five Year Return	N/A	27.22	12.6	N/A	N/A	8.35	12.36	10.78	10.44	7.12
Beta	0.89	2.41	2.36	0.78	0.37	1.57	1.69	2.03	2.78	1.49
Number Of Employees	11.1 K	244	1.07 K	330	1.08 K	4.2 K	1.18 K	2.11 K	1.38 K	N/A
Shares Outstanding	N/A	10.42 M	453.18 M	59.71 M	70.95 M	701.07 M	126.53 M	122.42 M	380.48 M	79.92 M
Cash Flow From Operations	11.23 B	126.91 M	1.22 B	584.48 M	102.96 M	2.73 B	514.27 M	547.18 M	1.7 B	866.4 M
Annual Yield	0.0647	N/A	0.0386	0.0782	0.0395	0.0737	0.0709	0.0507	0.1	0.0764
Total Debt	72.94 B	1.48 B	4.6 B	3.6 B	573.89 M	8.16 B	3.42 B	4 B	7.96 B	3.21 B
Return On Equity	0.0464	-0.0451	0.13	0.16	0.18	0.11	0.18	0.084	0.34	1.36
Z Score	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return On Asset	0.0302	0.02	0.0525	0.0181	0.0554	0.0307	0.0586	0.0308	0.0679	0.14
Book Value Per Share	26.21	59.91	2.22	-9.3	4.99	11.59	2.08	4.31	7.63	4.98
Number Of Shares Shorted	N/A	42.24 K	12.05 M	1.3 M	447 K	10.82 M	3.01 M	1.79 M	6.39 M	4.88 M
Current Liabilities	N/A	91.58 M	432.4 M	N/A	154.28 M	3.41 B	332.21 M	302.14 M	235.49 M	199.97 M
Total Asset	179.61 B	2.49 B	8.33 B	6.5 B	1.08 B	27.36 B	4.9 B	7.07 B	12.47 B	3.79 B
Debt To Equity	1.22	1.35	1.49	1.16	1.71	0.69	2.0	1.92	2.34	6.03
Last Dividend Paid	3.44	N/A	0.38	3.0	0.06	1.12	1.6	0.6	2.21	2.51
Short Ratio	N/A	0.39	6.15	2.41	1.42	2.9	4.96	4.45	6.31	5.91
Target Price	N/A	22.0	14.7	39.9	13.0	18.97	23.0	13.67	34.25	37.75
Shares Owned By Institutions	6.2	44.78	92.18	57.08	54.02	41.91	63.18	67.51	91.52	78.7
Market Capitalization	N/A	297.87 M	6.22 B	2.29 B	433.16 M	12.08 B	2.86 B	1.45 B	12.97 B	7.52 B
Price To Earning	16.66	0.28	26.57	959.0	8.76	15.06	23.0	24.01	10.32	21.18
Price To Earnings To Growth	N/A	20.05	-113.19	2.24	N/A	2.27	2.29	11.35	5.48	1.57
Price To Sales	N/A	0.64	0.89	1.85	0.94	0.26	1.65	0.45	4.23	5.92
Net Income	1.28 B	(38.95 M)	350 M	386.45 M	62.45 M	1.23 B	273.66 M	117.72 M	998.53 M	118.6 M
Earnings Per Share	2.22	-6.11	0.44	2.52	0.77	1.4	0.26	0.22	2.6	2.2
Shares Owned By Insiders	N/A	13.4	0.53	16.97	28.73	34.01	9.98	13.17	0.32	1.45
Revenue	53.31 B	458.9 M	6.88 B	1.26 B	451.87 M	48.74 B	1.63 B	3.18 B	3.11 B	1.35 B
Working Capital	N/A	(35.59 M)	(155.3 M)	7.16 M	(54.9 M)	(90 M)	(33.88 M)	(3.4 M)	(311.65 M)	(73.4 M)
Cash And Equivalents	1.39 B	12.37 M	18.1 M	5.32 M	78.73 M	324 M	14.49 M	7.93 M	286.66 M	2.6 M
Cash Per Share	0.69	1.22	0.04	0.13	0.96	0.46	0.04	0.05	0.41	0.06
Gross Profit	20.72 B	209.55 M	1.96 B	534.68 M	160.81 M	2.85 B	831.29 M	637.82 M	2.18 B	995.6 M
Day Typical Price	21.63	28.02	12.83	38.02	6.14	17.02	22.44	11.8	34.39	33.29
Accumulation Distribution	0.0161	657.69	473799.0	9668.99	4367.81	111433.0	35579.37	8707.45	28388.42	26409.11
Market Facilitation Index	0.35	0.0	N/A	0.0	0.0	N/A	N/A	0.0	N/A	0.0
Daily Balance Of Power	0.7143	(0.96)	(0.93)	(0.54)	0.4615	(0.65)	(0.43)	(0.19)	0.4138	0.0341
Period Momentum Indicator	0.25	(0.80)	(0.85)	(0.49)	0.06	(0.30)	(0.20)	(0.06)	0.24	0.03
Rate Of Daily Change	1.01	0.97	0.94	0.99	1.01	0.98	0.99	0.99	1.01	1.0
Day Median Price	21.58	28.15	12.81	38.11	6.14	17.06	22.48	11.82	34.42	33.19
Price Action Indicator	0.3	(0.76)	(0.36)	(0.50)	0.035	(0.28)	(0.21)	(0.08)	0.04	0.3
Relative Strength Index	51.02	64.69	47.08	56.71	51.75	50.14	49.36	53.53	59.16	43.38
Coefficient Of Variation	32528.86	583.64	596.91	556.63	2512.42	998.31	1364.74	3777.8	735.4	2392.06
Mean Deviation	0.746	2.57	0.9333	1.13	1.39	0.9845	1.08	1.59	1.17	0.7827
Jensen Alpha	(0.01)	0.9208	0.1467	0.2201	0.0206	0.066	0.0417	0.0013	0.1988	0.0089
Total Risk Alpha	(0.08)	0.5152	0.0959	0.146	(0.09)	0.018	(0.02)	(0.12)	0.1087	(0.05)
Sortino Ratio	(0.06)	0.3827	0.1181	0.1446	0.0115	0.0441	0.0322	(0)	0.1462	(0.01)
Downside Variance	0.9634	5.47	1.34	2.19	3.65	1.98	2.16	6.25	2.15	1.37
Standard Deviation	0.9284	5.57	1.17	1.52	2.04	1.21	1.46	2.08	2.02	1.04
Kurtosis	(0.62)	34.0	(0.19)	0.9674	5.08	(0.40)	2.75	0.6634	14.34	2.13
Potential Upside	1.38	7.31	1.99	2.7	3.03	1.87	2.04	3.59	2.63	1.53
Treynor Ratio	0.2226	1.96	0.2334	0.3013	0.0695	0.1214	0.0869	0.0509	0.2001	0.0671
Maximum Drawdown	3.69	40.87	4.97	7.86	13.78	5.14	6.74	11.0	13.68	5.16
Variance	0.862	31.04	1.37	2.31	4.17	1.47	2.12	4.32	4.06	1.09
Market Risk Adjusted Performance	0.2326	1.97	0.2434	0.3113	0.0795	0.1314	0.0969	0.0609	0.2101	0.0771
Risk Adjusted Performance	0.0051	0.1187	0.112	0.121	0.0324	0.0689	0.0526	0.0239	0.094	0.0307
Skewness	(0.07)	5.09	(0.22)	0.3514	1.08	(0.46)	0.1617	(0.21)	2.53	(0.93)
Semi Deviation	0.8558	1.69	0.9463	1.17	1.77	1.25	1.38	2.39	1.23	1.11
Information Ratio	(0.06)	0.1607	0.1167	0.1406	0.0107	0.0511	0.0325	(0)	0.1065	(0.02)
Value At Risk	(1.41)	(3.79)	(2.05)	(2.12)	(3.04)	(2.16)	(1.84)	(3.68)	(2.05)	(1.70)
Expected Short fall	(0.91)	(3.31)	(1.02)	(1.18)	(1.51)	(0.95)	(1.15)	(1.40)	(1.36)	(0.78)
Downside Deviation	0.9815	2.34	1.16	1.48	1.91	1.41	1.47	2.5	1.47	1.17
Semi Variance	0.7323	2.86	0.8955	1.36	3.13	1.57	1.91	5.71	1.51	1.24

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.

Did You Try This Idea?

Run Shipping Containers Thematic Idea Now

Shipping Containers

Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipping Containers theme has 15 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipping Containers Theme or any other thematic opportunities.

View All Next

Launch

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:

How To Invest In Enbridge

Details

Is Enbridge Pink Sheet a good investment?

Details

What is Enbridge's Net Worth?

Details

Largest Oil & Gas Midstream Companies

View

Largest Energy Companies

View

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.

Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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.

	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Enbridge Competitors

Specify up to 10 symbols:

Enbridge Competition Correlation Matrix

Risk-Adjusted Indicators

Enbridge Competitive Analysis

Enbridge Competition Performance Charts

Five steps to successful analysis of Enbridge Competition

Complement your Enbridge position

Did You Try This Idea?

Run Shipping Containers Thematic Idea Now

Shipping Containers

Complementary Tools for Enbridge Pink Sheet analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY