TRP Pretax Profit Margin from 2010 to 2024
| TRP Stock | CAD 69.05 0.40 0.58% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.25166311 | Current Value 0.18 | Quarterly Volatility 0.13348565 |
Check TC Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TC Energy's main balance sheet or income statement drivers, such as Interest Expense of 3.6 B, Total Revenue of 9.8 B or Gross Profit of 5.9 B, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.0338 or PTB Ratio of 2.04. TRP financial statements analysis is a perfect complement when working with TC Energy Valuation or Volatility modules.
TRP | Pretax Profit Margin |
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 Stock
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.68 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.93 | ENS | E Split Corp | PairCorr |
| 0.83 | ENS-PA | E Split Corp | PairCorr |
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.Check out the analysis of TC Energy Correlation against competitors. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.