TC Energy Total Risk Alpha
| TRP Stock | | | USD 63.70 0.56 0.89% |
This technical indicator view for Total Risk Alpha organizes signals for TC Energy Corp and comparable instruments. Availability can vary by instrument;
Equity Screeners offers additional screening access. TC Energy has a market cap of 66.3 B, operating margin of 45.44%, ROE of 11.44%. See
World Market Map for portfolio-level analysis. This suggests a position in TC Energy Corp within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in real.
TC Energy Corp has current Total Risk Alpha of 0.3105. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.3105 | |
| ER[a] | = | Expected return on investing in TC Energy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on TC Energy |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
TC Energy Total Risk Alpha Peers Comparison
TRP Total Risk Alpha Relative To Other Indicators
TC Energy Corp is rated
below average for total risk alpha against industry peers. It is currently under evaluation for maximum drawdown against industry peers with Maximum Drawdown measuring nearly
17.97 against Total Risk Alpha. Maximum Drawdown runs about
17.97 times Total Risk Alpha for TC Energy Corp
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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