Transalta Corp Stock Market Value
| TAC Stock | USD 10.92 0.64 6.23% |
| Symbol | TransAlta |
TransAlta Corp Price To Book Ratio
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TransAlta Corp. If investors know TransAlta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TransAlta Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 0.235 | Earnings Share 0.27 | Revenue Per Share 9.166 | Quarterly Revenue Growth (0.37) |
The market value of TransAlta Corp is measured differently than its book value, which is the value of TransAlta that is recorded on the company's balance sheet. Investors also form their own opinion of TransAlta Corp's value that differs from its market value or its book value, called intrinsic value, which is TransAlta Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TransAlta Corp's market value can be influenced by many factors that don't directly affect TransAlta Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAlta Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
TransAlta Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TransAlta Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TransAlta Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in TransAlta Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding TransAlta Corp or generate 0.0% return on investment in TransAlta Corp over 720 days. TransAlta Corp is related to or competes with Pampa Energia, Vistra Energy, NRG Energy, Power Assets, Kenon Holdings, and AGL Energy. TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the ... More
TransAlta Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TransAlta Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TransAlta Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 13.36 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.7 |
TransAlta Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TransAlta Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TransAlta Corp's standard deviation. In reality, there are many statistical measures that can use TransAlta Corp historical prices to predict the future TransAlta Corp's volatility.| Risk Adjusted Performance | 0.1324 | |||
| Jensen Alpha | 0.3267 | |||
| Total Risk Alpha | 0.0958 | |||
| Sortino Ratio | 0.1386 | |||
| Treynor Ratio | (2.74) |
TransAlta Corp Backtested Returns
TransAlta Corp appears to be not too volatile, given 3 months investment horizon. TransAlta Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for TransAlta Corp, which you can use to evaluate the volatility of the company. Please review TransAlta Corp's Semi Deviation of 1.33, coefficient of variation of 596.54, and Risk Adjusted Performance of 0.1324 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TransAlta Corp holds a performance score of 13. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TransAlta Corp are expected to decrease at a much lower rate. During the bear market, TransAlta Corp is likely to outperform the market. Please check TransAlta Corp's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether TransAlta Corp's existing price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
TransAlta Corp has poor reverse predictability. Overlapping area represents the amount of predictability between TransAlta Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TransAlta Corp price movement. The serial correlation of -0.37 indicates that just about 37.0% of current TransAlta Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.82 |
TransAlta Corp lagged returns against current returns
Autocorrelation, which is TransAlta Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TransAlta Corp's stock expected returns. We can calculate the autocorrelation of TransAlta Corp returns to help us make a trade decision. For example, suppose you find that TransAlta Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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TransAlta Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TransAlta Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TransAlta Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TransAlta Corp stock over time.
Current vs Lagged Prices |
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TransAlta Corp Lagged Returns
When evaluating TransAlta Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TransAlta Corp stock have on its future price. TransAlta Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TransAlta Corp autocorrelation shows the relationship between TransAlta Corp stock current value and its past values and can show if there is a momentum factor associated with investing in TransAlta Corp.
Regressed Prices |
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Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether TransAlta Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TransAlta Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Transalta Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Transalta Corp Stock:Check out TransAlta Corp Correlation, TransAlta Corp Volatility and TransAlta Corp Alpha and Beta module to complement your research on TransAlta Corp. For information on how to trade TransAlta Stock refer to our How to Trade TransAlta Stock guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
TransAlta Corp 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.