Trican Well Service Stock Performance

TOLWF Stock  USD 3.46  0.07  1.98%   
Trican Well has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0048, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trican Well are expected to decrease at a much lower rate. During the bear market, Trican Well is likely to outperform the market. Trican Well Service right now has a risk of 2.16%. Please validate Trican Well potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Trican Well will be following its existing price patterns.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Trican Well Service are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Trican Well is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Begin Period Cash Flow22.6 M
Total Cashflows From Investing Activities-39.4 M
  

Trican Well Relative Risk vs. Return Landscape

If you would invest  349.00  in Trican Well Service on September 5, 2024 and sell it today you would earn a total of  4.00  from holding Trican Well Service or generate 1.15% return on investment over 90 days. Trican Well Service is currently producing 0.0409% returns and takes up 2.1649% volatility of returns over 90 trading days. Put another way, 19% of traded pink sheets are less volatile than Trican, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon Trican Well is expected to generate 3.87 times less return on investment than the market. In addition to that, the company is 2.9 times more volatile than its market benchmark. It trades about 0.02 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 per unit of volatility.

Trican Well Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Trican Well's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Trican Well Service, and traders can use it to determine the average amount a Trican Well's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0189

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Estimated Market Risk

 2.16
  actual daily
19
81% of assets are more volatile

Expected Return

 0.04
  actual daily
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Most of other assets have higher returns

Risk-Adjusted Return

 0.02
  actual daily
1
99% of assets perform better
Based on monthly moving average Trican Well is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Trican Well by adding it to a well-diversified portfolio.

Trican Well Fundamentals Growth

Trican Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Trican Well, and Trican Well fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Trican Pink Sheet performance.

About Trican Well Performance

By analyzing Trican Well's fundamental ratios, stakeholders can gain valuable insights into Trican Well's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Trican Well has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Trican Well has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 1032 people.

Things to note about Trican Well Service performance evaluation

Checking the ongoing alerts about Trican Well for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Trican Well Service help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Trican Well's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Trican Well's pink sheet performance include:
  • Analyzing Trican Well's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Trican Well's stock is overvalued or undervalued compared to its peers.
  • Examining Trican Well's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Trican Well's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Trican Well's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Trican Well's pink sheet. These opinions can provide insight into Trican Well's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Trican Well's pink sheet performance is not an exact science, and many factors can impact Trican Well's pink sheet market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Complementary Tools for Trican Pink Sheet analysis

When running Trican Well's price analysis, check to measure Trican Well'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 Trican Well is operating at the current time. Most of Trican Well's value examination focuses on studying past and present price action to predict the probability of Trican Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trican Well's price. Additionally, you may evaluate how the addition of Trican Well to your portfolios can decrease your overall portfolio volatility.
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