TRP-PF Financial Statements From 2010 to 2024
| TRP-PF Preferred Stock | CAD 17.37 0.23 1.31% |
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-PF financial statements analysis is a perfect complement when working with TC Energy Valuation or Volatility modules.
TRP-PF |
TC Energy Corp Company Price To Sales Analysis
TC Energy's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current TC Energy Price To Sales | 4.67 X |
Most of TC Energy's fundamental indicators, such as Price To Sales, 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.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, TC Energy Corp has a Price To Sales of 4.6689 times. This is 165.28% higher than that of the Oil, Gas & Consumable Fuels sector and 32.26% higher than that of the Energy industry. The price to sales for all Canada preferred stocks is 59.12% 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 rated second in price to sales category among its peers. It is rated fourth in beta category among its peers totaling about 0.18 of Beta per Price To Sales. The ratio of Price To Sales to Beta for TC Energy Corp is roughly 5.70 . 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.
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-PF Preferred Stock
| 0.78 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.72 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.7 | ENS | E Split Corp | PairCorr |
| 0.86 | ENS-PA | E Split Corp | PairCorr |
Moving against TRP-PF Preferred Stock
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-PF Preferred Stock
TC Energy financial ratios help investors to determine whether TRP-PF 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-PF with respect to the benefits of owning TC Energy security.