Transalta A Cum Preferred Stock Market Value
| TA-PD Preferred Stock | CAD 15.00 0.19 1.25% |
| Symbol | Transalta |
Transalta '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's preferred 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.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in Transalta on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding Transalta A Cum or generate 0.0% return on investment in Transalta over 90 days. Transalta is related to or competes with WELL Health, Stampede Drilling, Converge Technology, Slate Office, Plaza Retail, and AKITA Drilling. TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the Unite... More
Transalta 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's preferred 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 A Cum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7583 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 2.2 |
Transalta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transalta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transalta's standard deviation. In reality, there are many statistical measures that can use Transalta historical prices to predict the future Transalta's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 0.1386 | |||
| Total Risk Alpha | 0.0062 | |||
| Sortino Ratio | 0.0861 | |||
| Treynor Ratio | 0.8601 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transalta's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Transalta A Cum Backtested Returns
We consider Transalta very steady. Transalta A Cum 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 A Cum, which you can use to evaluate the volatility of the company. Please validate Transalta's Risk Adjusted Performance of 0.1032, semi deviation of 0.365, and Coefficient Of Variation of 590.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Transalta has a performance score of 13 on a scale of 0 to 100. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transalta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transalta is expected to be smaller as well. Transalta A Cum right now has a risk of 0.97%. Please validate Transalta total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to decide if Transalta will be following its existing price patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Transalta A Cum has insignificant predictability. Overlapping area represents the amount of predictability between Transalta time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th of May 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 A Cum price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Transalta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Transalta A Cum lagged returns against current returns
Autocorrelation, which is Transalta preferred 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's preferred stock expected returns. We can calculate the autocorrelation of Transalta returns to help us make a trade decision. For example, suppose you find that Transalta has exhibited high autocorrelation historically, and you observe that the preferred 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 |
| Timeline |
Transalta 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transalta preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transalta preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Transalta Lagged Returns
When evaluating Transalta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transalta preferred stock have on its future price. Transalta 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 autocorrelation shows the relationship between Transalta preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Transalta A Cum.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Transalta Correlation, Transalta Volatility and Transalta Alpha and Beta module to complement your research on Transalta. Note that the Transalta A Cum information on this page should be used as a complementary analysis to other Transalta's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Transalta Preferred Stock analysis
When running Transalta's price analysis, check to measure Transalta's 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 Transalta is operating at the current time. Most of Transalta's value examination focuses on studying past and present price action to predict the probability of Transalta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transalta's price. Additionally, you may evaluate how the addition of Transalta to your portfolios can decrease your overall portfolio volatility.
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Transalta technical preferred 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, preferred stock market cycles, or different charting patterns.