TC Energy (Germany) Market Value
| TRS Stock | EUR 43.49 0.27 0.62% |
| Symbol | TRS |
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.
| 09/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in TC Energy on September 22, 2024 and sell it all today you would earn a total of 0.00 from holding TC Energy or generate 0.0% return on investment in TC Energy over 90 days. TC Energy is related to or competes with Enbridge, Cheniere Energy, Kinder Morgan, Williams Companies, ONEOK, and Pembina Pipeline. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.081 | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 3.21 |
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 | 0.084 | |||
| Jensen Alpha | 0.1556 | |||
| Total Risk Alpha | 0.1174 | |||
| Sortino Ratio | 0.078 | |||
| Treynor Ratio | 0.3079 |
TC Energy Backtested Returns
At this point, TC Energy is very steady. TC Energy retains Efficiency (Sharpe Ratio) of 0.0666, which indicates the company had a 0.0666% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for TC Energy, which you can use to evaluate the volatility of the entity. Please validate TC Energy's market risk adjusted performance of 0.3179, and Standard Deviation of 1.8 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. TC Energy has a performance score of 5 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.54, 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. TC Energy today owns a risk of 1.73%. Please validate TC Energy information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if TC Energy will be following its current price history.
Auto-correlation | -0.26 |
Weak reverse predictability
TC Energy has weak reverse predictability. Overlapping area represents the amount of predictability between TC Energy time series from 22nd of September 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current TC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
TC Energy 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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TRS Stock
TC Energy financial ratios help investors to determine whether TRS 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 TRS with respect to the benefits of owning TC Energy security.