Transalta Corp Stock Price on December 3, 2024
| TA Stock | CAD 18.70 0.13 0.70% |
If you're considering investing in TransAlta Stock, it is important to understand the factors that can impact its price. As of today, the current price of TransAlta Corp stands at 18.70, as last reported on the 11th of December 2024, with the highest price reaching 19.08 and the lowest price hitting 18.48 during the day. TransAlta Corp appears to be not too volatile, given 3 months investment horizon. TransAlta Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. By inspecting TransAlta Corp's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review TransAlta Corp's Risk Adjusted Performance of 0.2128, semi deviation of 0.9837, and Coefficient Of Variation of 350.99 to confirm if our risk estimates are consistent with your expectations.
TransAlta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
TransAlta |
Sharpe Ratio = 0.2849
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Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average TransAlta Corp is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TransAlta Corp by adding it to a well-diversified portfolio.
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TransAlta Corp Valuation on December 3, 2024
It is possible to determine the worth of TransAlta Corp on a given historical date. On December 3, 2024 TransAlta was worth 16.28 at the beginning of the trading date compared to the closed value of 16.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TransAlta Corp stock. Still, in general, we apply an absolute valuation method to find TransAlta Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of TransAlta Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TransAlta Corp's related companies.
| Open | High | Low | Close | Volume | |
| 15.69 | 16.39 | 15.69 | 16.29 | 1,524,678 | |
12/03/2024 | 16.28 | 16.48 | 16.04 | 16.21 | 1,480,079 |
| 16.29 | 16.59 | 16.11 | 16.42 | 1,363,201 |
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TransAlta Corp Trading Date Momentum on December 3, 2024
| On December 04 2024 TransAlta Corp was traded for 16.42 at the closing time. The highest daily price throughout the period was 16.59 and the lowest price was 16.11 . The daily volume was 1.4 M. The net trading volume on 12/04/2024 added to the next day price boost. The trading price change to closing price of the next trading day was 1.30% . The trading price change to current closing price is 14.25% . |
TransAlta Corp Fundamentals Correlations and Trends
By evaluating TransAlta Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TransAlta Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TransAlta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TransAlta Corp Stock history
TransAlta Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for TransAlta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TransAlta Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing TransAlta Corp stock prices may prove useful in developing a viable investing in TransAlta Corp
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada. TRANSALTA CORPORATION operates under Utilities - Independent Power Producers classification in Canada and is traded on Toronto Stock Exchange. It employs 1883 people.
TransAlta Corp Stock Technical Analysis
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.
Price Boundaries
TransAlta Corp Period Price Range
Low | December 11, 2024
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0.00 | 0.00 |
TransAlta Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
TransAlta Corp December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how TransAlta Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TransAlta Corp shares will generate the highest return on investment. By undertsting and applying TransAlta Corp stock market strength indicators, traders can identify TransAlta Corp entry and exit signals to maximize returns
TransAlta Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TransAlta Corp's price direction in advance. Along with the technical and fundamental analysis of TransAlta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TransAlta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2128 | |||
| Jensen Alpha | 0.7229 | |||
| Total Risk Alpha | 0.2906 | |||
| Sortino Ratio | 0.3451 | |||
| Treynor Ratio | (1.38) |
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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.