Transalta Renewables Stock Beta

TransAlta Renewables fundamentals help investors to digest information that contributes to TransAlta Renewables' financial success or failures. It also enables traders to predict the movement of TransAlta Pink Sheet. The fundamental analysis module provides a way to measure TransAlta Renewables' 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 TransAlta Renewables pink sheet.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

TransAlta Renewables Company Beta Analysis

TransAlta Renewables' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current TransAlta Renewables Beta

    
  0.76  
Most of TransAlta Renewables' fundamental indicators, such as Beta, 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, TransAlta Renewables is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, TransAlta Renewables has a Beta of 0.7608. This is 69.07% higher than that of the Independent Power and Renewable Electricity Producers sector and significantly higher than that of the Utilities industry. The beta for all United States stocks is notably lower than that of the firm.

TransAlta Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TransAlta Renewables' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of TransAlta Renewables could also be used in its relative valuation, which is a method of valuing TransAlta Renewables by comparing valuation metrics of similar companies.
TransAlta Renewables is currently under evaluation in beta category among its peers.
As returns on the market increase, TransAlta Renewables' returns are expected to increase less than the market. However, during the bear market, the loss of holding TransAlta Renewables is expected to be smaller as well.

TransAlta Fundamentals

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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 also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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