Trican Well Return On Equity vs. Price To Earning
| TCW Stock | CAD 4.69 0.08 1.74% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.23402963 | Current Value 0.25 | Quarterly Volatility 0.43032533 |
For Trican Well profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Trican Well to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Trican Well Service utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Trican Well's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Trican Well Service over time as well as its relative position and ranking within its peers.
Trican |
Trican Well Service Price To Earning vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Trican Well's current stock value. Our valuation model uses many indicators to compare Trican Well value to that of its competitors to determine the firm's financial worth. Trican Well Service is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in price to earning category among its peers reporting about 114.27 of Price To Earning per Return On Equity. At this time, Trican Well's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Trican Well by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Trican Well's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Trican Price To Earning vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Trican Well |
| = | 0.22 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Trican Well |
| = | 25.47 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Trican Price To Earning Comparison
Trican Well is currently under evaluation in price to earning category among its peers.
Trican Well Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Trican Well, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Trican Well will eventually generate negative long term returns. The profitability progress is the general direction of Trican Well's change in net profit over the period of time. It can combine multiple indicators of Trican Well, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 161.6 M | 169.7 M | |
| Income Before Tax | 159 M | 166.9 M | |
| Total Other Income Expense Net | -2.6 M | -2.8 M | |
| Net Income | 121 M | 127.1 M | |
| Income Tax Expense | 38 M | 39.9 M | |
| Net Income From Continuing Ops | 121 M | 127.1 M | |
| Net Income Applicable To Common Shares | 91.1 M | 95.7 M | |
| Interest Income | 2.1 M | 2 M | |
| Net Interest Income | -2.6 M | -2.5 M | |
| Change To Netincome | 26 M | 24.7 M | |
| Net Income Per Share | 0.56 | 0.59 | |
| Income Quality | 2.05 | 2.16 | |
| Net Income Per E B T | 0.76 | 0.54 |
Trican Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Trican Well. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Trican Well position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Trican Well's important profitability drivers and their relationship over time.
Use Trican Well in pair-trading
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 Trican Well 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 Trican Well will appreciate offsetting losses from the drop in the long position's value.Trican Well Pair Trading
Trican Well Service Pair Trading Analysis
The ability to find closely correlated positions to Trican Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trican Well 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 Trican Well - 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 Trican Well Service to buy it.
The correlation of Trican Well 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 Trican Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trican Well Service 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 Trican Well 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.Use Investing Themes to Complement your Trican Well position
In addition to having Trican Well in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Hybrid Mix Funds Thematic Idea Now
Hybrid Mix Funds
Funds or Etfs that are made of portfolios of stocks, bonds, or cash instruments with different maturity horizons and characteristics. The Hybrid Mix Funds theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hybrid Mix Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Trican Stock
To fully project Trican Well's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Trican Well Service at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Trican Well's income statement, its balance sheet, and the statement of cash flows.