TC Energy Correlations
| TNCAF Stock | USD 14.40 0.00 0.00% |
The current 90-days correlation between TC Energy and Equinor ASA is -0.22 (i.e., Very good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
TC Energy Correlation With Market
Very poor diversification
The correlation between TC Energy and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TC Energy and DJI in the same portfolio, assuming nothing else is changed.
TNCAF |
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 to buy it.
Moving together with TNCAF Pink Sheet
| 0.75 | EBBNF | Enbridge Earnings Call This Week | PairCorr |
| 0.64 | WMB | Williams Companies | PairCorr |
| 0.7 | TRP-PB | TC Energy Corp | PairCorr |
| 0.95 | TRP-PC | TC Energy Corp | PairCorr |
| 0.68 | TRP | TC Energy Corp Earnings Call This Week | PairCorr |
| 0.79 | OKE | ONEOK Inc | PairCorr |
| 0.64 | TFLM | TFLM | PairCorr |
| 0.77 | SPLPP | Steel Partners Holdings | PairCorr |
| 0.73 | APETF | Alpha Esports Tech | PairCorr |
| 0.62 | AROC | Archrock Symbol Change | PairCorr |
| 0.85 | ENS | Enersys Earnings Call Tomorrow | PairCorr |
| 0.73 | SECVY | Seche Environnement | PairCorr |
| 0.62 | RCKY | Rocky Brands | PairCorr |
| 0.72 | PGEZF | Group Ten Metals | PairCorr |
| 0.82 | YLLXF | Yellow Cake plc | PairCorr |
| 0.73 | MAT | Mattel Inc Earnings Call Today | PairCorr |
| 0.89 | KCDMY | Kimberly Clark de | PairCorr |
| 0.68 | SCAGW | Scage Future Warrants | PairCorr |
| 0.95 | BNKHF | BOC Hong Kong | PairCorr |
| 0.62 | JUPGF | Jupiter Gold | PairCorr |
| 0.75 | THO | Thor Industries | PairCorr |
| 0.93 | FIBK | First Interstate Ban | PairCorr |
| 0.64 | RILYL | B Riley Financial | PairCorr |
| 0.88 | NEWTH | NewtekOne 8625 percent | PairCorr |
| 0.83 | OBYCF | Obayashi | PairCorr |
Moving against TNCAF Pink Sheet
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TNCAF Pink Sheet performing well and TC Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TC Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBBGF | 0.36 | 0.03 | (0.10) | 0.47 | 0.39 | 0.82 | 2.52 | |||
| EBGEF | 0.47 | 0.03 | (0.08) | (12.60) | 0.49 | 1.22 | 3.28 | |||
| STOHF | 1.33 | 0.20 | 0.04 | 1.64 | 1.91 | 4.01 | 10.31 | |||
| EIPAF | 1.48 | 0.12 | 0.01 | 0.39 | 1.92 | 5.02 | 14.48 | |||
| ENBFF | 0.07 | 0.01 | 0.00 | 0.98 | 0.00 | 0.00 | 2.31 | |||
| MPLX | 0.82 | 0.17 | 0.07 | (4.69) | 0.84 | 1.72 | 4.74 | |||
| OMVKY | 1.11 | 0.14 | 0.03 | (3.87) | 1.40 | 2.45 | 8.21 | |||
| EBRZF | 0.16 | 0.07 | 0.00 | (1.76) | 0.00 | 0.00 | 2.32 | |||
| EBBNF | 0.42 | 0.04 | (0.09) | (0.20) | 0.55 | 0.85 | 3.79 | |||
| PETFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TC Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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TC Energy Corporate Management
| Stanley III | Exec Pipelines | Profile | |
| Gavin Wylie | VicePres Relations | Profile | |
| Richard Prior | Pres Pipelines | Profile | |
| Jawad Masud | VicePres Centre | Profile | |
| MBA MBA | EVP Pipelines | Profile |