Altagas Ltd Pref Preferred Stock Performance
| ALA-PG Preferred Stock | CAD 24.35 0.23 0.95% |
Altagas has a performance score of 13 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.11, 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. Altagas Pref right now shows a risk of 0.75%. Please confirm Altagas Pref sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Altagas Pref will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Altagas Ltd Pref are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat abnormal basic indicators, Altagas may actually be approaching a critical reversion point that can send shares even higher in March 2025. ...more
| Begin Period Cash Flow | 64 M |
Altagas |
Altagas Relative Risk vs. Return Landscape
If you would invest 2,256 in Altagas Ltd Pref on November 19, 2024 and sell it today you would earn a total of 179.00 from holding Altagas Ltd Pref or generate 7.93% return on investment over 90 days. Altagas Ltd Pref is generating 0.126% of daily returns and assumes 0.7509% volatility on return distribution over the 90 days horizon. Simply put, 6% of preferred stocks are less volatile than Altagas, and 98% of all equity instruments are likely to generate higher returns than the company 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 preferred stocks, such as Altagas Ltd Pref, 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 = 0.1678
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Estimated Market Risk
| 0.75 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Altagas is performing at about 13% 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 Fundamentals Growth
Altagas Preferred Stock 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 Preferred Stock performance.
| Return On Equity | 0.0578 | ||||
| Return On Asset | 0.027 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 17.08 B | ||||
| Shares Outstanding | 270.52 M | ||||
| Price To Earning | 14.17 X | ||||
| Price To Sales | 0.65 X | ||||
| Revenue | 13 B | ||||
| EBITDA | 1.45 B | ||||
| Cash And Equivalents | 46.3 M | ||||
| Cash Per Share | 0.17 X | ||||
| Total Debt | 1.13 B | ||||
| Debt To Equity | 108.20 % | ||||
| Book Value Per Share | 26.51 X | ||||
| Cash Flow From Operations | 1.12 B | ||||
| Earnings Per Share | 0.89 X | ||||
| Total Asset | 23.47 B | ||||
| Retained Earnings | (817 M) | ||||
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 a diversified energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. ALTAGAS LTD operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. It employs 2881 people.Things to note about Altagas Pref performance evaluation
Checking the ongoing alerts about Altagas for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Altagas Pref help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altagas Pref has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Altagas Ltd Pref has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 108.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altagas Pref has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Altagas until it has trouble settling it off, either with new capital or with free cash flow. So, Altagas' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altagas Pref sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altagas to invest in growth at high rates of return. When we think about Altagas' use of debt, we should always consider it together with cash and equity. |
- 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' preferred stock. These opinions can provide insight into Altagas' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Altagas Preferred Stock 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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