Altagas Stock Net Income
AltaGas fundamentals help investors to digest information that contributes to AltaGas' financial success or failures. It also enables traders to predict the movement of AltaGas Stock. The fundamental analysis module provides a way to measure AltaGas' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AltaGas stock.
AltaGas |
AltaGas Company Net Income Analysis
AltaGas' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current AltaGas Net Income | 673 M |
Most of AltaGas' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AltaGas is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, AltaGas reported net income of 673 M. This is 218.18% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net income for all Canada stocks is 17.87% lower than that of the firm.
AltaGas Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AltaGas' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AltaGas could also be used in its relative valuation, which is a method of valuing AltaGas by comparing valuation metrics of similar companies.AltaGas is currently under evaluation in net income category among its peers.
AltaGas Fundamentals
| Return On Equity | 0.0653 | ||||
| Return On Asset | 0.0289 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 20.86 B | ||||
| Shares Outstanding | 297.79 M | ||||
| Shares Owned By Insiders | 0.58 % | ||||
| Shares Owned By Institutions | 36.68 % | ||||
| Number Of Shares Shorted | 2.87 M | ||||
| Price To Earning | 14.61 X | ||||
| Price To Book | 1.36 X | ||||
| Price To Sales | 0.85 X | ||||
| Revenue | 13 B | ||||
| Gross Profit | 3.11 B | ||||
| EBITDA | 1.7 B | ||||
| Net Income | 673 M | ||||
| Cash And Equivalents | 53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 9.88 B | ||||
| Debt To Equity | 0.94 % | ||||
| Current Ratio | 0.76 X | ||||
| Book Value Per Share | 25.63 X | ||||
| Cash Flow From Operations | 1.12 B | ||||
| Short Ratio | 5.47 X | ||||
| Earnings Per Share | 1.66 X | ||||
| Price To Earnings To Growth | 1.92 X | ||||
| Target Price | 38.8 | ||||
| Number Of Employees | 30 | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 10.56 B | ||||
| Total Asset | 23.47 B | ||||
| Retained Earnings | (817 M) | ||||
| Working Capital | (368 M) | ||||
| Current Asset | 1.04 B | ||||
| Current Liabilities | 947.7 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 7.40 % | ||||
| Net Asset | 23.47 B | ||||
| Last Dividend Paid | 1.17 |
Pair Trading with AltaGas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AltaGas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AltaGas will appreciate offsetting losses from the drop in the long position's value.Moving together with AltaGas Stock
Moving against AltaGas Stock
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities 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 various price indices. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Tools for AltaGas Stock
When running AltaGas' price analysis, check to measure AltaGas' 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 AltaGas is operating at the current time. Most of AltaGas' value examination focuses on studying past and present price action to predict the probability of AltaGas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AltaGas' price. Additionally, you may evaluate how the addition of AltaGas to your portfolios can decrease your overall portfolio volatility.
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