Transalta Corp Stock Technical Analysis
| TA Stock | CAD 15.87 0.28 1.80% |
As of the 1st of December, TransAlta Corp has the Risk Adjusted Performance of 0.1945, coefficient of variation of 405.49, and Semi Deviation of 0.999. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of TransAlta Corp, as well as the relationship between them.
TransAlta Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TransAlta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TransAltaTransAlta |
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.
TransAlta Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of TransAlta Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TransAlta Corp Trend Analysis
Use this graph to draw trend lines for TransAlta Corp. You can use it to identify possible trend reversals for TransAlta Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual TransAlta Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TransAlta Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TransAlta Corp applied against its price change over selected period. The best fit line has a slop of 0.04 , which means TransAlta Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 69.65, which is the sum of squared deviations for the predicted TransAlta Corp price change compared to its average price change.About TransAlta Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of TransAlta Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of TransAlta Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TransAlta Corp price pattern first instead of the macroeconomic environment surrounding TransAlta Corp. By analyzing TransAlta Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of TransAlta Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to TransAlta Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0228 | 0.0296 | 0.0358 | 0.0507 | Price To Sales Ratio | 1.4 | 1.1 | 0.91 | 1.6 |
TransAlta Corp December 1, 2024 Technical Indicators
Most technical analysis of TransAlta help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for TransAlta from various momentum indicators to cycle indicators. When you analyze TransAlta charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.1945 | |||
| Market Risk Adjusted Performance | (2.15) | |||
| Mean Deviation | 1.32 | |||
| Semi Deviation | 0.999 | |||
| Downside Deviation | 1.46 | |||
| Coefficient Of Variation | 405.49 | |||
| Standard Deviation | 1.9 | |||
| Variance | 3.59 | |||
| Information Ratio | 0.174 | |||
| Jensen Alpha | 0.4844 | |||
| Total Risk Alpha | 0.141 | |||
| Sortino Ratio | 0.2261 | |||
| Treynor Ratio | (2.16) | |||
| Maximum Drawdown | 12.0 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 4.01 | |||
| Downside Variance | 2.13 | |||
| Semi Variance | 0.998 | |||
| Expected Short fall | (1.55) | |||
| Skewness | 0.9246 | |||
| Kurtosis | 3.06 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TransAlta Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.