TC Energy (Germany) Market Value
| TRS Stock | 46.14 0.70 1.54% |
| 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.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in TC Energy on December 8, 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 30 days. TC Energy is related to or competes with Charter Communications, Air Transport, Gaztransport Technigaz, GOLD ROAD, EVS Broadcast, Ribbon Communications, and NAGOYA RAILROAD. 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 | 1.16 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.71 |
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 | 0.1482 | |||
| Jensen Alpha | 0.2717 | |||
| Total Risk Alpha | 0.236 | |||
| Sortino Ratio | 0.2189 | |||
| Treynor Ratio | (27.99) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TC Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TC Energy Backtested Returns
TC Energy appears to be very steady, given 3 months investment horizon. TC Energy retains Efficiency (Sharpe Ratio) of 0.13, which indicates the company had a 0.13% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for TC Energy, which you can use to evaluate the volatility of the entity. Please review TC Energy's standard deviation of 1.59, and Market Risk Adjusted Performance of (27.98) 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 10. The firm owns a Beta (Systematic Risk) of -0.0097, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TC Energy are expected to decrease at a much lower rate. During the bear market, TC Energy is likely to outperform the market. Please check TC Energy's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether TC Energy's current price history will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
TC Energy has excellent reverse predictability. Overlapping area represents the amount of predictability between TC Energy time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. 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 -0.81 indicates that around 81.0% of current TC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 2.18 |
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 |
Thematic Opportunities
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Additional Tools for TRS 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.