TRP·TC Energy Corporation

Realized volatility (21d)

18.8% 38th pct

Below its peak

-16.7%

vs 200-day average

-5.6%

Up days (1y)

51%

TC Energy Corporation is currently running 18.8% annualised volatility over the last 21 sessions. Measured against TRP's own 13 years of daily returns rather than a market-wide average, that is the 38th percentile — on the quiet side for this stock, against a typical reading of 20.9%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

TRP is trading -16.7% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.5%, and the deepest was -41.4% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -5.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 28th percentile — a narrower gap than it typically runs. Over the past year TRP closed higher on 51% of sessions, and it is currently 2 sessions into a falling streak.

On October specifically: over 14 years of records, TRP finished the month higher 7 of 14 times, with a median return of -0.1% and an average of -0.1%. Its strongest month historically has been April at +3.6% on average, its weakest September at -3.1%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: TRP has opened more than 2% away from the prior close in 135 of 3,268 sessions (4.1% of the time), with the largest gaps running +11.3% and -9.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,269 daily closes between 2013-10-16 and 2026-10-15, split-adjusted, recomputed daily. Percentiles are against TRP's own 13-year history, not a peer group or index.