Altagas Stock Odds of Future Stock Price Finishing Under 32.94
| ALA Stock | CAD 33.07 0.52 1.55% |
AltaGas |
AltaGas Target Price Odds to finish below 32.94
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 drop to C$ 32.94 or more in 90 days |
| 33.07 | 90 days | 32.94 | about 5.22 |
Based on a normal probability distribution, the odds of AltaGas to drop to C$ 32.94 or more in 90 days from now is about 5.22 (This AltaGas probability density function shows the probability of AltaGas Stock to fall within a particular range of prices over 90 days) . Probability of AltaGas price to stay between C$ 32.94 and its current price of C$33.07 at the end of the 90-day period is roughly 2.27 .
Assuming the 90 days trading horizon AltaGas has a beta of -0.0342. This suggests as returns on the benchmark increase, returns on holding AltaGas are expected to decrease at a much lower rate. During a bear market, however, AltaGas is likely to outperform the market. Additionally AltaGas has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 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 | -0.05 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0.72 | |
Ir | Information ratio | -0.13 |
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 generated a negative expected return over the last 90 days | |
| AltaGas has accumulated 9.88 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. | |
| Latest headline from news.google.com: AltaGas Announces Dividend Increase and 2025 Growth Outlook - TipRanks |
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 | 283.7 M | |
| Cash And Short Term Investments | 95 M |
AltaGas Technical Analysis
AltaGas' future price can be derived by breaking down and analyzing its technical indicators over time. AltaGas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AltaGas. In general, you should focus on analyzing AltaGas Stock price patterns and their correlations with different microeconomic environments and drivers.
AltaGas Predictive Forecast Models
AltaGas' time-series forecasting models is one of many AltaGas' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary AltaGas' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about AltaGas
Checking the ongoing alerts about AltaGas for important developments is a great way to find new opportunities for your next move. Our 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 generated a negative expected return over the last 90 days | |
| AltaGas has accumulated 9.88 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. | |
| Latest headline from news.google.com: AltaGas Announces Dividend Increase and 2025 Growth Outlook - TipRanks |
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.