Please exercise analysis of Trican Well fundamentals to determine if markets are correctly pricing the firm. We are able to interpolate and break down fourty available drivers for Trican Well Service, which can be compared to its competition. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Trican Well to be traded at C$4.65 in 90 days. Key indicators impacting Trican Well's financial strength include:
Understanding current and past Trican Well Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Trican Well's financial statements are interrelated, with each one affecting the others. For example, an increase in Trican Well's assets may result in an increase in income on the income statement.
Trican Well competes with Calfrac Well, Precision Drilling, Ensign Energy, and Birchcliff Energy. Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. Trican Well Service Ltd. was founded in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1447 people.
You should never invest in Trican Well without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Trican Stock, because this is throwing your money away. Analyzing the key information contained in Trican Well's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Trican Well Key Financial Ratios
Trican Well's financial ratios allow both analysts and investors to convert raw data from Trican Well's financial statements into concise, actionable information that can be used to evaluate the performance of Trican Well over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Trican Well's current stock value. Our valuation model uses many indicators to compare Trican Well value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Trican Well competition to find correlations between indicators driving Trican Well's intrinsic value. More Info.
Trican Well Service is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.62 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Trican Well Service is roughly 1.61 . At this time, Trican Well's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Trican Well by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Trican Well's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Trican Well Service Systematic Risk
Trican Well's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Trican Well volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Trican Well Service correlated with the market. If Beta is less than 0 Trican Well generally moves in the opposite direction as compared to the market. If Trican Well Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Trican Well Service is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Trican Well is generally in the same direction as the market. If Beta > 1 Trican Well moves generally in the same direction as, but more than the movement of the benchmark.
Trican Well Service Total Assets Over Time
Today, most investors in Trican Well Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Trican Well's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Trican Well growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Trican Well help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Trican Well Service. We use our internally-developed statistical techniques to arrive at the intrinsic value of Trican Well Service based on widely used predictive technical indicators. In general, we focus on analyzing Trican Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Trican Well's daily price indicators and compare them against related drivers.
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.