Atco Stock Today
ACO-Y Stock | CAD 38.50 0.05 0.13% |
Performance0 of 100
| Odds Of DistressLess than 5
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ATCO is selling for under 38.50 as of the 25th of April 2024; that is -0.13% down since the beginning of the trading day. The stock's last reported lowest price was 38.5. ATCO has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for ATCO are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Utilities |
ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. ATCO Ltd. was founded in 1947 and is headquartered in Calgary, Canada. ATCO LTD operates under Utilities - Diversified classification in Canada and is traded on Toronto Stock Exchange. The company has 12.43 M outstanding shares of which 5.21 K shares are presently shorted by private and institutional investors with about 35.73 days to cover all short positions. More on ATCO
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ATCO Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ATCO's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ATCO or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chair CEO | Nancy Southern | ||||
Business Concentration | Electric Utilities, Utilities - Diversified, Utilities, Utilities, Electric Utilities, Utilities - Diversified, Utilities (View all Sectors) | ||||
ATCO's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ATCO's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ATCO's financial leverage. It provides some insight into what part of ATCO's total assets is financed by creditors.
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ATCO (ACO-Y) is traded on Toronto Exchange in Canada and employs 20,175 people. ATCO is listed under Electric Utilities category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.15 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ATCO's market, we take the total number of its shares issued and multiply it by ATCO's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ATCO operates under Electric Utilities sector and is part of Utilities industry. The entity has 12.43 M outstanding shares of which 5.21 K shares are presently shorted by private and institutional investors with about 35.73 days to cover all short positions.
ATCO has accumulated about 544 M in cash with 1.97 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.76.
Check ATCO Probability Of Bankruptcy
Ownership AllocationThe market capitalization of ATCO is C$4.15 Billion. ATCO owns majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 92.91 % of ATCO outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company in the future.
Check ATCO Ownership Details
ATCO Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of ATCO jumping above the current price in 90 days from now is about 62.06%. The ATCO probability density function shows the probability of ATCO stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon ATCO has a beta of 0.1646. This suggests as returns on the market go up, ATCO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ATCO will be expected to be much smaller as well. Additionally, aTCO has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of ATCO to move above the current price in 90 days from now is about 62.06 (This ATCO probability density function shows the probability of ATCO Stock to fall within a particular range of prices over 90 days) .
ATCO Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ATCO market risk premium is the additional return an investor will receive from holding ATCO long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ATCO. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ATCO's alpha and beta are two of the key measurements used to evaluate ATCO's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 0.7268 | |||
Standard Deviation | 1.9 | |||
Variance | 3.63 | |||
Risk Adjusted Performance | 0.0042 |
ATCO Stock Against Markets
Picking the right benchmark for ATCO stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ATCO stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ATCO is critical whether you are bullish or bearish towards ATCO at a given time. Please also check how ATCO's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in ATCO without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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ATCO Corporate Management
Elected by the shareholders, the ATCO's board of directors comprises two types of representatives: ATCO inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ATCO. The board's role is to monitor ATCO's management team and ensure that shareholders' interests are well served. ATCO's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ATCO's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dale Friesen | Senior Officer | Profile | |
Derek Cook | Senior Controller | Profile | |
Lisa Cooke | Senior Officer | Profile | |
Eng BSc | Chief EnPower | Profile |
How to buy ATCO Stock?
Before investing in ATCO, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ATCO. To buy ATCO stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of ATCO. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase ATCO stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located ATCO stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased ATCO stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ATCO, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in ATCO?
The danger of trading ATCO is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ATCO is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ATCO. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ATCO is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATCO. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for ATCO Stock analysis
When running ATCO's price analysis, check to measure ATCO'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 ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.
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