Transalta Corp Stock Market Value
| TAC Stock | USD 6.62 0.10 1.53% |
| Symbol | TransAlta |
TransAlta Corp Price To Book Ratio
Is TransAlta Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TransAlta Corp. If investors know TransAlta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TransAlta Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.284 | Dividend Share 0.22 | Earnings Share 1.7 | Revenue Per Share 12.156 | Quarterly Revenue Growth (0.27) |
The market value of TransAlta Corp is measured differently than its book value, which is the value of TransAlta that is recorded on the company's balance sheet. Investors also form their own opinion of TransAlta Corp's value that differs from its market value or its book value, called intrinsic value, which is TransAlta Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TransAlta Corp's market value can be influenced by many factors that don't directly affect TransAlta Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAlta Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TransAlta Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TransAlta Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TransAlta Corp.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in TransAlta Corp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding TransAlta Corp or generate 0.0% return on investment in TransAlta Corp over 30 days. TransAlta Corp is related to or competes with AGL Energy, Power Assets, Maxim Power, and Huaneng Power. TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the ... More
TransAlta Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TransAlta Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TransAlta Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 2.65 |
TransAlta Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TransAlta Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TransAlta Corp's standard deviation. In reality, there are many statistical measures that can use TransAlta Corp historical prices to predict the future TransAlta Corp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TransAlta Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TransAlta Corp Backtested Returns
TransAlta Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0959, which indicates the firm had a -0.0959% return per unit of risk over the last 3 months. TransAlta Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TransAlta Corp's Risk Adjusted Performance of (0.06), variance of 3.39, and Coefficient Of Variation of (915.69) to confirm the risk estimate we provide. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. TransAlta Corp returns are very sensitive to returns on the market. As the market goes up or down, TransAlta Corp is expected to follow. TransAlta Corp has an expected return of -0.18%. Please make sure to validate TransAlta Corp skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if TransAlta Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
TransAlta Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between TransAlta Corp time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TransAlta Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current TransAlta Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
TransAlta Corp lagged returns against current returns
Autocorrelation, which is TransAlta Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TransAlta Corp's stock expected returns. We can calculate the autocorrelation of TransAlta Corp returns to help us make a trade decision. For example, suppose you find that TransAlta Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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TransAlta Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TransAlta Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TransAlta Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TransAlta Corp stock over time.
Current vs Lagged Prices |
| Timeline |
TransAlta Corp Lagged Returns
When evaluating TransAlta Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TransAlta Corp stock have on its future price. TransAlta Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TransAlta Corp autocorrelation shows the relationship between TransAlta Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TransAlta Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TransAlta Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TransAlta Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Transalta Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Transalta Corp Stock:Check out TransAlta Corp Correlation, TransAlta Corp Volatility and TransAlta Corp Alpha and Beta module to complement your research on TransAlta Corp. For information on how to trade TransAlta Stock refer to our How to Trade TransAlta Stock guide.Note that the TransAlta Corp information on this page should be used as a complementary analysis to other TransAlta Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for TransAlta Stock analysis
When running TransAlta Corp's price analysis, check to measure TransAlta Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TransAlta Corp is operating at the current time. Most of TransAlta Corp's value examination focuses on studying past and present price action to predict the probability of TransAlta Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TransAlta Corp's price. Additionally, you may evaluate how the addition of TransAlta Corp to your portfolios can decrease your overall portfolio volatility.
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TransAlta Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.