TC Energy Shares Outstanding vs. Current Valuation
| TRS Stock | EUR 45.65 0.61 1.32% |
For TC Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TC Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TC Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TC Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TC Energy over time as well as its relative position and ranking within its peers.
TRS |
TC Energy Current Valuation vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TC Energy's current stock value. Our valuation model uses many indicators to compare TC Energy value to that of its competitors to determine the firm's financial worth. TC Energy is currently regarded as top stock in shares outstanding category among its peers. It also is currently regarded number one company in current valuation category among its peers reporting about 81.16 of Current Valuation per Shares Outstanding. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the TC Energy's earnings, one of the primary drivers of an investment's value.TRS Current Valuation vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
TC Energy |
| = | 1000 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
TC Energy |
| = | 81.16 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
TRS Current Valuation vs Competition
TC Energy is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Oil & Gas Midstream industry is at this time estimated at about 246.3 Billion. TC Energy totals roughly 81.16 Billion in current valuation claiming about 33% of all equities under Oil & Gas Midstream industry.
TC Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TC Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TC Energy will eventually generate negative long term returns. The profitability progress is the general direction of TC Energy's change in net profit over the period of time. It can combine multiple indicators of TC Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
TC Energy Corporation operates as an energy infrastructure company in North America. TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada. TC ENERGY operates under Oil Gas Midstream classification in Germany and is traded on Frankfurt Stock Exchange. It employs 7081 people.
TRS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TC Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of TC Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the TC Energy's important profitability drivers and their relationship over time.
Use TC Energy in pair-trading
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.TC Energy Pair Trading
TC Energy Pair Trading Analysis
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.
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 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.Use Investing Themes to Complement your TC Energy position
In addition to having TC Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large Growth Funds Thematic Idea Now
Large Growth Funds
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth Funds theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Growth Funds Theme or any other thematic opportunities.
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Other Information on Investing in TRS Stock
To fully project TC Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TC Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include TC Energy's income statement, its balance sheet, and the statement of cash flows.