Trican Research Development from 2010 to 2026
| TCW Stock | CAD 6.35 0.19 3.08% |
Research Development | First Reported 2010-12-31 | Previous Quarter 7.8 M | Current Value 7.4 M | Quarterly Volatility 17.1 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 1.74, Dividend Yield of 0.0292 or PTB Ratio of 2.45. Trican financial statements analysis is a perfect complement when working with Trican Well Valuation or Volatility modules.
Trican | Research Development |
Latest Trican Well's Research Development Growth Pattern
Below is the plot of the Research Development of Trican Well Service over the last few years. It is Trican Well's Research Development 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.
| Research Development | 10 Years Trend |
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Research Development |
| Timeline |
Trican Research Development Regression Statistics
| Arithmetic Mean | 21,133,441 | |
| Geometric Mean | 15,558,062 | |
| Coefficient Of Variation | 80.76 | |
| Mean Deviation | 15,576,394 | |
| Median | 8,700,000 | |
| Standard Deviation | 17,068,027 | |
| Sample Variance | 291.3T | |
| Range | 41.3M | |
| R-Value | (0.86) | |
| Mean Square Error | 81.6T | |
| R-Squared | 0.74 | |
| Significance | 0.00001 | |
| Slope | (2,902,407) | |
| Total Sum of Squares | 4661.1T |
Trican Research Development History
About Trican Well Financial Statements
Trican Well investors utilize fundamental indicators, such as Research Development, 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 | ||
| Research Development | 7.8 M | 7.4 M |
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
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.