Altagas Stock Performance
| ATGFF Stock | USD 24.33 0.29 1.21% |
The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AltaGas' returns are expected to increase less than the market. However, during the bear market, the loss of holding AltaGas is expected to be smaller as well. At this point, AltaGas has a negative expected return of -0.0428%. Please make sure to confirm AltaGas' daily balance of power, and the relationship between the potential upside and day typical price , to decide if AltaGas performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days AltaGas has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, AltaGas is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 74 M | |
| Total Cashflows From Investing Activities | -483 M | |
| Free Cash Flow | -76 M |
AltaGas |
AltaGas Relative Risk vs. Return Landscape
If you would invest 2,512 in AltaGas on August 30, 2024 and sell it today you would lose (79.00) from holding AltaGas or give up 3.14% of portfolio value over 90 days. AltaGas is currently producing negative expected returns and takes up 1.2609% volatility of returns over 90 trading days. Put another way, 11% of traded pink sheets are less volatile than AltaGas, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
AltaGas Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltaGas' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as AltaGas, and traders can use it to determine the average amount a AltaGas' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0339
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| Negative Returns | ATGFF |
Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average AltaGas is not performing at its full potential. However, 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 AltaGas to a well-diversified portfolio.
AltaGas Fundamentals Growth
AltaGas Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of AltaGas, and AltaGas fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on AltaGas Pink Sheet performance.
| Return On Equity | 0.0477 | |||
| Return On Asset | 0.0273 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 12.42 B | |||
| Shares Outstanding | 281.52 M | |||
| Price To Earning | 16.29 X | |||
| Price To Book | 0.99 X | |||
| Price To Sales | 0.37 X | |||
| Revenue | 10.57 B | |||
| EBITDA | 1.14 B | |||
| Cash And Equivalents | 229 M | |||
| Cash Per Share | 0.81 X | |||
| Total Debt | 7.68 B | |||
| Debt To Equity | 1.06 % | |||
| Book Value Per Share | 24.88 X | |||
| Cash Flow From Operations | 738 M | |||
| Earnings Per Share | 0.50 X | |||
| Total Asset | 21.59 B | |||
About AltaGas Performance
By analyzing AltaGas' fundamental ratios, stakeholders can gain valuable insights into AltaGas' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if AltaGas has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if AltaGas has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
AltaGas Ltd. operates as an 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 the United States and is traded on OTC Exchange. It employs 2926 people.Things to note about AltaGas performance evaluation
Checking the ongoing alerts about AltaGas for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for AltaGas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| AltaGas generated a negative expected return over the last 90 days |
- Analyzing AltaGas' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether AltaGas' stock is overvalued or undervalued compared to its peers.
- Examining AltaGas' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating AltaGas' management team can have a significant impact on its success or failure. Reviewing the track record and experience of AltaGas' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of AltaGas' pink sheet. These opinions can provide insight into AltaGas' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for AltaGas Pink Sheet analysis
When running AltaGas' price analysis, check to measure AltaGas' 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 AltaGas is operating at the current time. Most of AltaGas' value examination focuses on studying past and present price action to predict the probability of AltaGas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AltaGas' price. Additionally, you may evaluate how the addition of AltaGas to your portfolios can decrease your overall portfolio volatility.
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