TransAlta (Germany) Price on December 3, 2024
| TZ1 Stock | EUR 12.24 0.10 0.81% |
If you're considering investing in TransAlta Stock, it is important to understand the factors that can impact its price. As of today, the current price of TransAlta stands at 12.24, as last reported on the 12th of December 2024, with the highest price reaching 12.24 and the lowest price hitting 12.23 during the day. TransAlta appears to be not too volatile, given 3 months investment horizon. TransAlta owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting TransAlta's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review TransAlta's Coefficient Of Variation of 398.64, risk adjusted performance of 0.1886, and Semi Deviation of 1.42 to confirm if our risk estimates are consistent with your expectations.
TransAlta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TransAlta |
Sharpe Ratio = 0.2499
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Estimated Market Risk
| 2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.7 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average TransAlta is performing at about 19% 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 TransAlta by adding it to a well-diversified portfolio.
TransAlta Valuation on December 3, 2024
It is possible to determine the worth of TransAlta on a given historical date. On December 3, 2024 TransAlta was worth 10.96 at the beginning of the trading date compared to the closed value of 10.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TransAlta stock. Still, in general, we apply an absolute valuation method to find TransAlta's 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 TransAlta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TransAlta's related companies.
| Open | High | Low | Close | Volume | |
| 10.71 | 10.71 | 10.71 | 10.71 | 33.00 | |
12/03/2024 | 10.96 | 10.96 | 10.96 | 10.96 | 33.00 |
| 10.86 | 10.86 | 10.86 | 10.86 | 33.00 |
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TransAlta Trading Date Momentum on December 3, 2024
| On December 04 2024 TransAlta was traded for 10.86 at the closing time. The highest daily price throughout the period was 10.86 and the lowest price was 10.86 . The daily volume was 33.0. The net trading volume on 12/04/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.91% . The trading price change to current closing price is 11.59% . |
TransAlta Fundamentals Correlations and Trends
By evaluating TransAlta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TransAlta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TransAlta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TransAlta Stock history
TransAlta 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 TransAlta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TransAlta 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 TransAlta stock prices may prove useful in developing a viable investing in TransAlta
TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada. TRANSALTA CORP operates under UtilitiesIndependent Power Producers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1476 people.
TransAlta Stock Technical Analysis
TransAlta 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
TransAlta Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
TransAlta cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
TransAlta December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how TransAlta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TransAlta shares will generate the highest return on investment. By undertsting and applying TransAlta stock market strength indicators, traders can identify TransAlta entry and exit signals to maximize returns
TransAlta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TransAlta's price direction in advance. Along with the technical and fundamental analysis of TransAlta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TransAlta 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 | 0.1886 | |||
| Jensen Alpha | 0.6662 | |||
| Total Risk Alpha | 0.2451 | |||
| Sortino Ratio | 0.2719 | |||
| Treynor Ratio | 4.71 |
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| Volume Indicators |
Complementary Tools for TransAlta Stock analysis
When running TransAlta's price analysis, check to measure TransAlta'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 is operating at the current time. Most of TransAlta's value examination focuses on studying past and present price action to predict the probability of TransAlta'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's price. Additionally, you may evaluate how the addition of TransAlta to your portfolios can decrease your overall portfolio volatility.
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