TransAlta Ptb Ratio from 2010 to 2024
| TA Stock | CAD 15.65 0.10 0.64% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 1.97886792 | Current Value 1.71 | Quarterly Volatility 0.76461254 |
Check TransAlta Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TransAlta Corp's main balance sheet or income statement drivers, such as Interest Expense of 194.4 M, Total Revenue of 2.8 B or Gross Profit of 1.2 B, as well as many indicators such as Price To Sales Ratio of 1.6, Dividend Yield of 0.0507 or PTB Ratio of 1.71. TransAlta financial statements analysis is a perfect complement when working with TransAlta Corp Valuation or Volatility modules.
TransAlta | Ptb Ratio |
Pair Trading with TransAlta Corp
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 TransAlta Corp 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 TransAlta Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TransAlta Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAlta Corp 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 TransAlta Corp - 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 TransAlta Corp to buy it.
The correlation of TransAlta Corp 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 TransAlta Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAlta Corp 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 TransAlta Corp 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.Check out the analysis of TransAlta Corp Correlation against competitors. To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.