TRANSCANADA PIPELINES LTD Performance
| 893526DJ9 | 105.25 0.42 0.40% |
The entity owns a Beta (Systematic Risk) of -0.0069, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TRANSCANADA are expected to decrease at a much lower rate. During the bear market, TRANSCANADA is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days TRANSCANADA PIPELINES LTD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, TRANSCANADA is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
| Yield To Maturity | 6.244 |
TRANSCANADA |
TRANSCANADA Relative Risk vs. Return Landscape
If you would invest 10,576 in TRANSCANADA PIPELINES LTD on August 31, 2024 and sell it today you would lose (51.00) from holding TRANSCANADA PIPELINES LTD or give up 0.48% of portfolio value over 90 days. TRANSCANADA PIPELINES LTD is generating 0.0103% of daily returns and assumes 1.9745% volatility on return distribution over the 90 days horizon. Simply put, 17% of bonds are less volatile than TRANSCANADA, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
TRANSCANADA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRANSCANADA's investment risk. Standard deviation is the most common way to measure market volatility of bonds, such as TRANSCANADA PIPELINES LTD, and traders can use it to determine the average amount a TRANSCANADA'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 = 0.0052
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| Negative Returns | 893526DJ9 |
Estimated Market Risk
| 1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TRANSCANADA is not performing at its full potential. However, 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 TRANSCANADA by adding TRANSCANADA to a well-diversified portfolio.
About TRANSCANADA Performance
By analyzing TRANSCANADA's fundamental ratios, stakeholders can gain valuable insights into TRANSCANADA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if TRANSCANADA 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 TRANSCANADA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.