TRP-PB Financial Statements From 2010 to 2024
| TRP-PB Preferred Stock | CAD 14.25 0.00 0.00% |
Check TC Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TC Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . TRP-PB financial statements analysis is a perfect complement when working with TC Energy Valuation or Volatility modules.
TRP-PB |
TC Energy Corp Company Price To Earning Analysis
TC Energy's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current TC Energy Price To Earning | 2.38 X |
Most of TC Energy's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TC Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, TC Energy Corp has a Price To Earning of 2.38 times. This is 93.09% lower than that of the Energy sector and 89.26% lower than that of the Oil & Gas Midstream industry. The price to earning for all Canada preferred stocks is 91.71% higher than that of the company.
TC Energy Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining TC Energy's current stock value. Our valuation model uses many indicators to compare TC Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across TC Energy competition to find correlations between indicators driving TC Energy's intrinsic value. More Info.TC Energy Corp is currently regarded as top stock in price to earning category among its peers. It is rated second in price to sales category among its peers fabricating about 1.79 of Price To Sales per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value TC Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TC Energy's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About TC Energy Financial Statements
TC Energy stakeholders use historical fundamental indicators, such as TC Energy's revenue or net income, to determine how well the company is positioned to perform in the future. Although TC Energy investors may analyze each financial statement separately, they are all interrelated. For example, changes in TC Energy's assets and liabilities are reflected in the revenues and expenses on TC Energy's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in TC Energy Corp. Please read more on our technical analysis and fundamental analysis pages.
TC Energy Corporation operates as an energy infrastructure company in North America. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada. TC ENERGY operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. It employs 7081 people.
Pair Trading with TC Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TC Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with TRP-PB Preferred Stock
Moving against TRP-PB Preferred Stock
| 0.69 | XIM | Ximen Mining Corp | PairCorr |
| 0.61 | THRM | Therma Bright | PairCorr |
| 0.48 | QBR-A | Quebecor | PairCorr |
| 0.44 | BHC | Bausch Health Companies | PairCorr |
| 0.38 | FUND | Katipult Technology Corp | PairCorr |
The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TC Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TC Energy Corp to buy it.
The correlation of TC Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TC Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TRP-PB Preferred Stock
TC Energy financial ratios help investors to determine whether TRP-PB Preferred Stock 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 TRP-PB with respect to the benefits of owning TC Energy security.