Altagas Stock Price on October 23, 2024
| ALA Stock | CAD 36.43 0.85 2.39% |
If you're considering investing in AltaGas Stock, it is important to understand the factors that can impact its price. As of today, the current price of AltaGas stands at 36.43, as last reported on the 6th of March, with the highest price reaching 36.54 and the lowest price hitting 35.55 during the day. As of now, AltaGas Stock is very steady. AltaGas secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for AltaGas, which you can use to evaluate the volatility of the firm. Please confirm AltaGas' Risk Adjusted Performance of 0.0692, mean deviation of 0.8102, and Downside Deviation of 1.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%.
AltaGas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
AltaGas |
Sharpe Ratio = 0.1197
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Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average AltaGas is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of AltaGas by adding it to a well-diversified portfolio.
AltaGas Valuation on October 23, 2024
It is possible to determine the worth of AltaGas on a given historical date. On October 23, 2024 AltaGas was worth 34.67 at the beginning of the trading date compared to the closed value of 33.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of AltaGas stock. Still, in general, we apply an absolute valuation method to find AltaGas' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of AltaGas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against AltaGas' related companies.
| Open | High | Low | Close | Volume | |
| 35.02 | 35.40 | 34.80 | 35.27 | 682,529 | |
10/23/2024 | 34.67 | 34.78 | 33.59 | 33.77 | 954,700 |
| 33.75 | 33.94 | 33.14 | 33.72 | 1,065,397 |
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AltaGas Trading Date Momentum on October 23, 2024
| On October 24 2024 AltaGas was traded for 33.72 at the closing time. The maximum traded price for the trading interval was 33.94 and the lowest daily price was 33.14 . The daily volume was recorded at 1.1 M. The volume of trading on 24th of October 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.15% . The overall trading delta to the closing price today is 1.39% . |
AltaGas Fundamentals Correlations and Trends
By evaluating AltaGas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among AltaGas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. AltaGas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About AltaGas Stock history
AltaGas investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for AltaGas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in AltaGas will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing AltaGas stock prices may prove useful in developing a viable investing in AltaGas
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 operates under UtilitiesRegulated Gas classification in Canada and is traded on Toronto Stock Exchange. It employs 2801 people.
AltaGas Stock Technical Analysis
AltaGas 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.
Price Boundaries
AltaGas Period Price Range
Low | March 6, 2025
| High |
0.00 | 0.00 |
AltaGas cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
AltaGas March 6, 2025 Market Strength
Market strength indicators help investors to evaluate how AltaGas stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AltaGas shares will generate the highest return on investment. By undertsting and applying AltaGas stock market strength indicators, traders can identify AltaGas entry and exit signals to maximize returns
AltaGas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for AltaGas' price direction in advance. Along with the technical and fundamental analysis of AltaGas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of AltaGas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0692 | |||
| Jensen Alpha | 0.1081 | |||
| Total Risk Alpha | 0.1638 | |||
| Sortino Ratio | 0.1431 | |||
| Treynor Ratio | 0.1661 |
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Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas 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.