Trican Well Service Shares Cross Above Two Hundred Day Moving Average of 4.56 - MarketBeat
| TCW Stock | CAD 4.89 0.05 1.03% |
About 50% of Trican Well's investors are presently thinking to get in. The analysis of overall sentiment of trading Trican Well Service stock suggests that some investors are interested at this time. Trican Well's investing sentiment overview a quick insight into current market opportunities from investing in Trican Well Service. Many technical investors use Trican Well Service stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Trican |
Trican Well Service Shares Cross Above Two Hundred Day Moving Average of 4.56 MarketBeat
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Trican Well Fundamental Analysis
We analyze Trican Well's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trican Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trican Well based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Trican Well is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Trican Well Service Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trican Well stock to make a market-neutral strategy. Peer analysis of Trican Well could also be used in its relative valuation, which is a method of valuing Trican Well by comparing valuation metrics with similar companies.
Peers
Trican Well Related Equities
| ESI | Ensign Energy | 1.37 | ||||
| PD | Precision Drilling | 1.12 | ||||
| BIR | Birchcliff Energy | 0.76 | ||||
| CFW | Calfrac Well | 1.01 |
Other Information on Investing in Trican Stock
Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.