Tc Energy Corp Preferred Stock Market Value
| TRP-PF Preferred Stock | CAD 17.60 0.04 0.23% |
| Symbol | TRP-PF |
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 preferred 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.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in TC Energy on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding TC Energy Corp or generate 0.0% return on investment in TC Energy over 30 days. TC Energy is related to or competes with Enbridge Pref, Enbridge Pref, E Split, and Sage Potash. 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 preferred 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6691 | |||
| Information Ratio | 0.0565 | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.26 |
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 | 0.0795 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | 0.0435 | |||
| Sortino Ratio | 0.0628 | |||
| Treynor Ratio | (0.59) |
TC Energy Corp Backtested Returns
At this point, TC Energy is very steady. TC Energy Corp retains Efficiency (Sharpe Ratio) of 0.0955, which indicates the company had a 0.0955% 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 (0.58), and Standard Deviation of 0.7433 to confirm if the risk estimate we provide is consistent with the expected return of 0.0719%. TC Energy has a performance score of 7 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.11, 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. TC Energy Corp today owns a risk of 0.75%. Please validate TC Energy Corp sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if TC Energy Corp will be following its current price history.
Auto-correlation | 0.54 |
Modest predictability
TC Energy Corp has modest predictability. Overlapping area represents the amount of predictability between TC Energy time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current TC Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TC Energy Corp lagged returns against current returns
Autocorrelation, which is TC Energy preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TC Energy preferred 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 preferred 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 preferred 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 preferred stock current value and its past values and can show if there is a momentum factor associated with investing in TC Energy Corp.
Regressed Prices |
| Timeline |
Pair Trading with TC Energy
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 TC Energy 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 TC Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with TRP-PF Preferred Stock
| 0.76 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.74 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.7 | ENS | E Split Corp | PairCorr |
| 0.86 | ENS-PA | E Split Corp | PairCorr |
Moving against TRP-PF Preferred Stock
The ability to find closely correlated positions to TC Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TC Energy 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 TC Energy - 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 TC Energy Corp to buy it.
The correlation of TC Energy 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 TC Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TC Energy Corp 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 TC Energy 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.Other Information on Investing in TRP-PF Preferred Stock
TC Energy financial ratios help investors to determine whether TRP-PF Preferred 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 TRP-PF with respect to the benefits of owning TC Energy security.