Trican Net Income from 2010 to 2026
| TCW Stock | CAD 6.96 0.13 1.83% |
Net Income | First Reported 1997-03-31 | Previous Quarter 19.5 M | Current Value 28.9 M | Quarterly Volatility 58.3 M |
Check Trican Well financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trican Well's main balance sheet or income statement drivers, such as Depreciation And Amortization of 85.2 M, Interest Expense of 2.7 M or Selling General Administrative of 46.5 M, as well as many indicators such as Price To Sales Ratio of 1.72, Dividend Yield of 0.0292 or PTB Ratio of 2.43. Trican financial statements analysis is a perfect complement when working with Trican Well Valuation or Volatility modules.
Trican | Net Income |
Evaluating Trican Well's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Trican Well Service's fundamental strength.
Latest Trican Well's Net Income Growth Pattern
Below is the plot of the Net Income of Trican Well Service over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Trican Well Service financial statement analysis. It represents the amount of money remaining after all of Trican Well Service operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Trican Well's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Trican Well's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 109.48 M | 10 Years Trend |
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Net Income |
| Timeline |
Trican Net Income Regression Statistics
| Arithmetic Mean | (29,975,788) | |
| Coefficient Of Variation | (812.45) | |
| Mean Deviation | 147,740,948 | |
| Median | 12,058,000 | |
| Standard Deviation | 243,538,718 | |
| Sample Variance | 59311.1T | |
| Range | 1.2B | |
| R-Value | 0.14 | |
| Mean Square Error | 62108.9T | |
| R-Squared | 0.02 | |
| Significance | 0.60 | |
| Slope | 6,519,955 | |
| Total Sum of Squares | 948977.7T |
Trican Net Income History
About Trican Well Financial Statements
Trican Well investors utilize fundamental indicators, such as Net Income, to predict how Trican Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income | 98.5 M | 103.5 M | |
| Net Income From Continuing Ops | 125.9 M | 132.2 M | |
| Net Income Applicable To Common Shares | 125.9 M | 132.2 M | |
| Net Income Per Share | 0.58 | 0.61 | |
| Net Income Per E B T | 0.76 | 0.54 |
Pair Trading with Trican Well
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.Moving together with Trican Stock
Moving against Trican Stock
| 0.88 | MSFT | Microsoft CDR | PairCorr |
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| 0.7 | SAGE | Sage Potash Corp Earnings Call This Week | PairCorr |
| 0.67 | ENS-PA | E Split Corp | PairCorr |
| 0.51 | BRK | Berkshire Hathaway CDR | PairCorr |
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.Other Information on Investing in Trican Stock
Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.