Tc Energy Corp Stock Market Value
| TRP Stock | USD 48.93 0.52 1.07% |
| Symbol | TRP |
TC Energy Corp Price To Book Ratio
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TC Energy. If investors know TRP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TC Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.869 | Dividend Share 3.81 | Earnings Share 3.5 | Revenue Per Share 16.045 | Quarterly Revenue Growth 0.036 |
The market value of TC Energy Corp is measured differently than its book value, which is the value of TRP that is recorded on the company's balance sheet. Investors also form their own opinion of TC Energy's value that differs from its market value or its book value, called intrinsic value, which is TC Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TC Energy's market value can be influenced by many factors that don't directly affect TC Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TC Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if TC Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TC Energy'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.
TC Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TC Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TC Energy.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in TC Energy on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding TC Energy Corp or generate 0.0% return on investment in TC Energy over 30 days. TC Energy is related to or competes with Enterprise Products, Kinder Morgan, Energy Transfer, ONEOK, MPLX LP, Williams Companies, and Enbridge. TC Energy Corporation operates as an energy infrastructure company in North America More
TC Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TC Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TC Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.22 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 5.29 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.07 |
TC Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TC Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TC Energy's standard deviation. In reality, there are many statistical measures that can use TC Energy historical prices to predict the future TC Energy's volatility.| Risk Adjusted Performance | 0.1818 | |||
| Jensen Alpha | 0.2315 | |||
| Total Risk Alpha | 0.071 | |||
| Sortino Ratio | 0.1218 | |||
| Treynor Ratio | 0.7902 |
TC Energy Corp Backtested Returns
TC Energy appears to be very steady, given 3 months investment horizon. TC Energy Corp retains Efficiency (Sharpe Ratio) of 0.22, which indicates the company had a 0.22% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for TC Energy, which you can use to evaluate the volatility of the entity. Please review TC Energy's market risk adjusted performance of 0.8002, and Standard Deviation of 1.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TC Energy holds a performance score of 17. The firm owns a Beta (Systematic Risk) of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TC Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding TC Energy is expected to be smaller as well. Please check TC Energy's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether TC Energy's current price history will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
TC Energy Corp has poor reverse predictability. Overlapping area represents the amount of predictability between TC Energy time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TC Energy Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current TC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
TC Energy Corp lagged returns against current returns
Autocorrelation, which is TC Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TC Energy's stock expected returns. We can calculate the autocorrelation of TC Energy returns to help us make a trade decision. For example, suppose you find that TC Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TC Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TC Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TC Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TC Energy stock over time.
Current vs Lagged Prices |
| Timeline |
TC Energy Lagged Returns
When evaluating TC Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TC Energy stock have on its future price. TC Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TC Energy autocorrelation shows the relationship between TC Energy stock current value and its past values and can show if there is a momentum factor associated with investing in TC Energy Corp.
Regressed Prices |
| Timeline |
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 Stock
| 0.73 | AM | Antero Midstream Partners | PairCorr |
| 0.89 | EE | Excelerate Energy | PairCorr |
| 0.73 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.69 | DLNG | Dynagas LNG Partners | PairCorr |
Moving against TRP Stock
| 0.86 | LPG | Dorian LPG | PairCorr |
| 0.69 | NAT | Nordic American Tankers | PairCorr |
| 0.64 | FRO | Frontline | PairCorr |
| 0.64 | GEL | Genesis Energy LP | PairCorr |
| 0.62 | BROGW | Brooge Energy Limited | 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.Additional Tools for TRP Stock Analysis
When running TC Energy's price analysis, check to measure TC Energy'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 TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.