Altagas Stock Performance
| ALA Stock | CAD 41.07 0.08 0.19% |
AltaGas has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, 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 right now shows a risk of 1.11%. Please confirm AltaGas expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if AltaGas will be following its price patterns.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in AltaGas are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, AltaGas is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 104 M | |
| Total Cashflows From Investing Activities | -1.4 B |
AltaGas |
AltaGas Relative Risk vs. Return Landscape
If you would invest 4,071 in AltaGas on November 3, 2025 and sell it today you would earn a total of 36.00 from holding AltaGas or generate 0.88% return on investment over 90 days. AltaGas is generating 0.02% of daily returns assuming 1.1073% volatility of returns over the 90 days investment horizon. Simply put, 9% of all stocks have less volatile historical return distribution than AltaGas, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
AltaGas Target Price Odds to finish over Current Price
The tendency of AltaGas Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 41.07 | 90 days | 41.07 | about 75.23 |
Based on a normal probability distribution, the odds of AltaGas to move above the current price in 90 days from now is about 75.23 (This AltaGas probability density function shows the probability of AltaGas Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon AltaGas has a beta of 0.17. This suggests as returns on the market go up, AltaGas average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AltaGas will be expected to be much smaller as well. Additionally AltaGas has an alpha of 0.0041, implying that it can generate a 0.004095 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AltaGas Price Density |
| Price |
Predictive Modules for AltaGas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AltaGas. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.AltaGas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AltaGas is not an exception. The market had few large corrections towards the AltaGas' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold AltaGas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AltaGas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.88 | |
Ir | Information ratio | -0.02 |
AltaGas Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of AltaGas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AltaGas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| AltaGas has accumulated 10.57 B in total debt with debt to equity ratio (D/E) of 0.94, which is about average as compared to similar companies. AltaGas has a current ratio of 0.74, 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 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. |
AltaGas Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of AltaGas Stock often depends not only on the future outlook of the current and potential AltaGas' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. AltaGas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 298.3 M | |
| Cash And Short Term Investments | 85 M |
AltaGas Fundamentals Growth
AltaGas 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 Stock performance.
| Return On Equity | 0.0896 | |||
| Return On Asset | 0.0343 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 23.65 B | |||
| Shares Outstanding | 311.1 M | |||
| Price To Earning | 14.61 X | |||
| Price To Book | 1.54 X | |||
| Price To Sales | 1.01 X | |||
| Revenue | 12.45 B | |||
| EBITDA | 1.62 B | |||
| Cash And Equivalents | 85 M | |||
| Cash Per Share | 0.10 X | |||
| Total Debt | 10.57 B | |||
| Debt To Equity | 0.94 % | |||
| Book Value Per Share | 27.78 X | |||
| Cash Flow From Operations | 1.54 B | |||
| Earnings Per Share | 2.49 X | |||
| Total Asset | 26.09 B | |||
| Retained Earnings | (592 M) | |||
| Current Asset | 1.04 B | |||
| Current Liabilities | 947.7 M | |||
About AltaGas Performance
By examining AltaGas' fundamental ratios, stakeholders can obtain critical insights into AltaGas' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that AltaGas is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the 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 operates under UtilitiesRegulated Gas classification in Canada and is traded on Toronto Stock Exchange. It employs 2801 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. Stock 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 has accumulated 10.57 B in total debt with debt to equity ratio (D/E) of 0.94, which is about average as compared to similar companies. AltaGas has a current ratio of 0.74, 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 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' stock. These opinions can provide insight into AltaGas' potential for growth and whether the stock is currently undervalued or overvalued.
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.