TransAlta Competitors

Delisted . USA . 
Stock . TransAlta Renewables
TRSWFDelisted Stock  USD 10.20  0.06  0.59%   
TransAlta Renewables competes with Green Impact, Algonquin Power, Renew Energy, Excelerate Energy, and Fluence Energy; as well as few others. The company classifies itself under Independent Power and Renewable Electricity Producers sector and is part of Utilities industry. Analyzing TransAlta Renewables competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of TransAlta Renewables to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of TransAlta Renewables competition on your existing holdings.
  
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TransAlta Renewables' 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.
Hype
Prediction
LowEstimatedHigh
10.2010.2010.20
Details
Intrinsic
Valuation
LowRealHigh
8.258.2511.22
Details
Naive
Forecast
LowNextHigh
10.4010.4010.40
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.599.1110.64
Details

TransAlta Renewables Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between TransAlta Renewables and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of TransAlta and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of TransAlta Renewables does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AMPS
+ 0.75
EE
ORA
+ 0.63
AQNU
FLNC
+ 0.61
AQN
AZRE
+ 0.6
AQN
AZRE
+ 0.52
FLNC
ORA
+ 0.52
AMPS
  
High negative correlations   
EE
- 0.82
AQN
AZRE
- 0.78
EE
RNW
- 0.76
AQNU
FLNC
- 0.68
EE
AZRE
- 0.57
AMPS
AMPS
- 0.57
AQN

Risk-Adjusted Indicators

There is a big difference between TransAlta Pink Sheet performing well and TransAlta Renewables Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TransAlta Renewables' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

TransAlta Renewables Competitive Analysis

The better you understand TransAlta Renewables competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, TransAlta Renewables' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across TransAlta Renewables' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
TRSWF AQNU GIPIF AQN RNW EE FLNC AMPS AZRE ORA
 0.59 
 10.20 
TransAlta
 3.53 
 19.34 
Algonquin
 0.00 
 2.29 
Green
 1.32 
 4.47 
Algonquin
 1.66 
 7.09 
Renew
 1.30 
 31.84 
Excelerate
 0.59 
 17.17 
Fluence
 1.88 
 3.80 
Altus
 78.48 
 0.34 
Azure
 2.29 
 72.50 
Ormat
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Relatively risky
Somewhat reliable
Somewhat reliable
Very steady
Not too volatile
Risky
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Modest
Solid
Very Weak
Modest
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Dangerous
Quite High
Below Average
Below Average
Very Low
Low
Below Average
Dangerous
Very Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Fairly Valued
Under Valued
Under Valued
Fairly Valued
Under Valued
Under Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Buy
Strong Buy
Buy
Strong Buy
Strong Buy
Not Available
Buy
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Not Rated
Cautious Hold
Strong Hold
Strong Sell
Buy
Strong Sell
Strong Sell
Not Rated
Strong Hold
Current Ratio
0.96
0.77
0.78
0.77
1.17
1.78
1.56
9.66
0.61
1.66
Net Asset
3.75 B
18.37 B
176.07 M
18.37 B
873.93 B
2.86 B
1.9 B
2.09 B
148.47 B
5.21 B
Profit Margin
0.14
-0.12
-0.0065
-0.39
0.0099
0.0314
-0.0102
0.19
-0.17
0.13
EBITDA
342 M
954.76 M
1.45 M
713.9 M
68.75 B
326.7 M
41.1 M
76.86 M
10.97 B
468.93 M
Operating Margin
0.19
0.19
-0.0266
0.2
0.59
0.31
0.0095
0.3
0.68
0.14
Current Valuation
3.29 B
24.17 B
104.37 M
11.02 B
9.97 B
838.66 M
1.81 B
2.03 B
115.12 B
6.72 B
Price To Book
2.14
N/A
0.75
0.74
1.94
1.54
4.71
1.18
1.1
1.84
Five Year Return
6.17
N/A
N/A
4.38
N/A
2.5
N/A
N/A
N/A
0.68
Retained Earnings
N/A
(1.28 B)
N/A
(1.28 B)
(56.43 B)
39.75 M
(174.16 M)
(55.27 M)
(12.79 B)
719.89 M
Current Asset
N/A
N/A
N/A
305.04 M
N/A
133.04 M
N/A
N/A
8.4 B
375.14 M
One Year Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.04
N/A
N/A
Beta
0.76
0.49
N/A
0.52
0.95
1.28
2.54
0.94
0.56
0.53
Number Of Employees
17
3.95 K
2
3.95 K
3.99 K
915
1.11 K
93
471
1.58 K
Shares Outstanding
266.9 M
N/A
20.3 M
767.23 M
244.27 M
24.26 M
129.62 M
160 M
64.16 M
60.49 M
Three Year Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.76
N/A
N/A
Cash Flow From Operations
336 M
628.03 M
5.81 M
628.03 M
68.93 B
231.88 M
79.69 M
79.36 M
4.98 B
309.4 M
Annual Yield
0.0772
0.0136
N/A
0.0582
N/A
0.0075
N/A
N/A
N/A
0.0066
Total Debt
529 M
8.54 B
136 K
8.52 B
655.66 B
774.65 M
30.36 M
1.39 B
107.17 B
2.12 B
Return On Equity
0.0374
-0.0584
-0.0103
0.041
0.013
0.0689
-0.0601
0.0105
-0.12
0.0516
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
N/A
96.33
N/A
N/A
Z Score
2.4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.24
N/A
Return On Asset
0.018
0.0165
-0.0179
0.016
0.0326
0.0422
-0.0112
0.0095
0.048
0.0212
Book Value Per Share
6.63
6.8
5.68
6.07
290.15
20.34
3.27
3.22
488.48
39.5
Number Of Shares Shorted
N/A
4.63 K
N/A
13.79 M
5.07 M
789.76 K
9.65 M
9.22 M
787.11 K
3.25 M
Current Liabilities
N/A
N/A
N/A
282.11 M
N/A
277.06 M
N/A
N/A
7.15 B
188.5 M
Total Asset
3.75 B
18.37 B
176.07 M
18.37 B
873.93 B
2.86 B
1.9 B
2.09 B
148.47 B
5.21 B
Debt To Equity
0.49
1.03
0.3
1.03
3.69
0.45
N/A
1.44
5.19
1.05
Last Dividend Paid
0.94
0.43
N/A
0.39
N/A
0.14
N/A
N/A
N/A
0.48
Short Ratio
N/A
0.04
N/A
2.84
7.6
2.71
7.81
8.12
4.14
7.32
Target Price
N/A
N/A
N/A
5.44
8.52
27.9
27.08
5.5
4.0
86.14
Shares Owned By Institutions
9.87
67.63
7.93
62.68
83.46
97.93
75.64
56.49
91.7
96.52
Market Capitalization
2.41 B
N/A
107.16 M
3.43 B
2.57 B
3.38 B
3.11 B
608 M
108.43 M
4.39 B
Price To Earning
37.41
29.01
N/A
5.61
N/A
15.99
N/A
15.9
-20.31
54.81
Price To Earnings To Growth
N/A
N/A
N/A
N/A
N/A
5.34
3.14
N/A
N/A
3.15
Price To Sales
4.28
N/A
0.35
1.31
0.0313
4.14
1.45
3.27
0.0187
4.93
Net Income
140 M
28.67 M
(796 K)
(33.3 M)
8.14 B
30.41 M
22.72 M
(9.36 M)
(4.2 B)
124.4 M
Earnings Per Share
0.22
0.52
-0.05
0.54
0.06
1.0
0.13
0.21
-0.79
1.96
Shares Owned By Insiders
60.12
N/A
29.81
0.059
15.75
2.35
31.18
44.77
N/A
0.44
Revenue
470 M
2.69 B
128.97 M
2.7 B
81.32 B
1.16 B
2.7 B
155.16 M
15.24 B
829.42 M
Year To Date Return
N/A
N/A
N/A
N/A
N/A
N/A
N/A
-2.44
N/A
N/A
Working Capital
N/A
(618.84 M)
N/A
(618.84 M)
(37.61 B)
495.86 M
449.3 M
122.29 M
2.3 B
108.99 M
Cash And Equivalents
218 M
85 M
4.16 M
85 M
66.06 B
516.66 M
676.95 M
290.89 M
8.58 B
95.87 M
Cash Per Share
0.82
0.12
0.21
0.12
165.95
13.17
5.92
1.83
177.71
4.71
Gross Profit
244 M
1.05 B
7.37 M
1.05 B
58.95 B
357 M
(11.4 M)
83.63 M
13.97 B
268.82 M
Day Typical Price
10.17
19.07
2.29
4.49
7.15
31.84
17.17
3.77
0.32
72.83
Accumulation Distribution
0.0088
0.0424
N/A
0.0198
0.0248
0.0257
0.0505
0.062
0.15
0.033
Market Facilitation Index
0.09
0.82
N/A
0.09
0.18
0.83
0.89
0.24
0.05
2.45
Daily Balance Of Power
0.6667
0.8049
0.0
(0.67)
(0.67)
0.494
0.1124
0.2917
(24.80)
(0.69)
Period Momentum Indicator
0.06
0.66
N/A
(0.06)
(0.12)
0.41
0.1
0.07
(1.24)
(1.70)
Rate Of Daily Change
1.01
1.04
1.0
0.99
0.98
1.01
1.01
1.02
0.22
0.98
Day Median Price
10.15
18.93
2.29
4.51
7.18
31.84
17.18
3.75
0.32
73.0
Price Action Indicator
0.075
0.74
N/A
(0.07)
(0.15)
0.21
0.045
0.085
(0.59)
(1.34)
Coefficient Of Variation
1293.88
(4,126)
11659.64
(588.54)
1287.0
321.94
(1,988)
1642.18
(701.27)
(7,941)
Mean Deviation
1.33
1.36
0.421
1.21
1.75
2.04
3.32
4.3
5.15
1.1
Jensen Alpha
0.1989
(0.03)
(0)
(0.31)
0.2201
0.7379
(0.21)
0.2956
(1.65)
(0.08)
Total Risk Alpha
(0.14)
(0.27)
(0.28)
(0.45)
(0.15)
0.5098
(0.83)
(0.42)
(2.94)
(0.23)
Sortino Ratio
0.0823
N/A
N/A
N/A
0.0548
0.2779
N/A
0.0571
N/A
N/A
Downside Variance
1.86
N/A
N/A
N/A
5.58
7.6
N/A
26.6
N/A
N/A
Standard Deviation
2.75
1.77
2.33
1.5
2.95
2.79
4.7
6.48
10.98
1.62
Kurtosis
33.46
0.0439
32.82
(0.67)
18.16
1.28
3.86
5.9
40.69
7.0
Potential Upside
2.54
2.49
N/A
2.11
3.74
5.86
5.49
9.97
6.84
2.3
Treynor Ratio
5.48
0.1974
0.0635
(0.57)
(34.31)
0.6512
0.5698
0.3893
(1.99)
(0.05)
Maximum Drawdown
20.26
8.45
26.51
5.75
21.02
14.53
27.84
37.65
26.32
10.73
Variance
7.54
3.13
5.42
2.25
8.73
7.78
22.1
41.99
120.57
2.64
Market Risk Adjusted Performance
5.49
0.2074
0.0735
(0.56)
(34.30)
0.6612
0.5798
0.3993
(1.98)
(0.04)
Risk Adjusted Performance
0.0634
(0.01)
0.0131
(0.12)
0.0639
0.2326
(0.03)
0.053
(0.09)
(0)
Skewness
5.02
(0.15)
0.8477
(0.15)
3.0
0.1814
(1.29)
1.68
(5.70)
(1.76)
Semi Deviation
1.17
N/A
N/A
N/A
2.08
1.8
N/A
4.88
N/A
N/A
Information Ratio
0.0408
(0.08)
(0.03)
(0.24)
0.0438
0.2747
(0.07)
0.0454
(0.15)
(0.07)
Value At Risk
(2.21)
(3.18)
N/A
(2.92)
(3.52)
(3.14)
(7.95)
(8.53)
(10.05)
(2.29)
Expected Short fall
(1.89)
N/A
N/A
N/A
(1.93)
(2.25)
N/A
(4.83)
N/A
N/A
Downside Deviation
1.36
N/A
N/A
N/A
2.36
2.76
N/A
5.16
N/A
N/A
Semi Variance
1.36
N/A
N/A
N/A
4.33
3.22
N/A
23.84
N/A
N/A

TransAlta Renewables Competition Performance Charts

Five steps to successful analysis of TransAlta Renewables Competition

TransAlta Renewables' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by TransAlta Renewables in relation to its competition. TransAlta Renewables' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of TransAlta Renewables in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact TransAlta Renewables' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to TransAlta Renewables, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your TransAlta Renewables position

In addition to having TransAlta Renewables in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Consideration for investing in TransAlta Pink Sheet

If you are still planning to invest in TransAlta Renewables check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TransAlta Renewables' history and understand the potential risks before investing.
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