Altagas Financial Statements From 2010 to 2025
| ALA-PG Preferred Stock | CAD 24.35 0.23 0.95% |
Check Altagas financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altagas' main balance sheet or income statement drivers, such as , as well as many indicators such as . Altagas financial statements analysis is a perfect complement when working with Altagas Valuation or Volatility modules.
Altagas |
About Altagas Financial Statements
Altagas stakeholders use historical fundamental indicators, such as Altagas' revenue or net income, to determine how well the company is positioned to perform in the future. Although Altagas investors may analyze each financial statement separately, they are all interrelated. For example, changes in Altagas' assets and liabilities are reflected in the revenues and expenses on Altagas' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Altagas Ltd Pref. Please read more on our technical analysis and fundamental analysis pages.
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. ALTAGAS LTD operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. It employs 2881 people.
Pair Trading with Altagas
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 Altagas 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 Altagas will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Altagas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altagas 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 Altagas - 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 Altagas Ltd Pref to buy it.
The correlation of Altagas 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 Altagas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altagas Pref 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 Altagas 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.Other Information on Investing in Altagas Preferred Stock
Altagas financial ratios help investors to determine whether Altagas Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altagas with respect to the benefits of owning Altagas security.