Should you watch these TSX renewable energy stocks in 2023 By ... - Investing.com Canada
| TRSWFDelisted Stock | USD 10.20 0.06 0.59% |
Roughly 53% of TransAlta Renewables' investor base is interested to short. The analysis of overall sentiment of trading TransAlta Renewables pink sheet suggests that many investors are impartial at this time. The current market sentiment, together with TransAlta Renewables' historical and current headlines, can help investors time the market. In addition, many technical investors use TransAlta Renewables stock news signals to limit their universe of possible portfolio assets.
TransAlta Renewables pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of TransAlta daily returns and investor perception about the current price of TransAlta Renewables as well as its diversification or hedging effects on your existing portfolios.
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Should you watch these TSX renewable energy stocks in 2023 By ... Investing.com Canada
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TransAlta Renewables Fundamental Analysis
We analyze TransAlta Renewables' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TransAlta Renewables using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TransAlta Renewables based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
TransAlta Renewables is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
TransAlta Renewables Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TransAlta Renewables pink sheet to make a market-neutral strategy. 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 with similar companies.
Peers
TransAlta Renewables Related Equities
| ENLT | Enlight Renewable | 3.07 | ||||
| AQN | Algonquin Power | 0.89 | ||||
| ORA | Ormat Technologies | 0.79 | ||||
| RNW | Renew Energy | 0.42 | ||||
| AY | Atlantica Sustainable | 0.05 | ||||
| GIPIF | Green Impact | 0.00 | ||||
| AMPS | Altus Power | 0.00 | ||||
| NEP | Nextera Energy | 0.28 | ||||
| DNNGY | Orsted AS | 0.91 | ||||
| FLNC | Fluence Energy | 1.28 | ||||
| CWEN | Clearway Energy | 1.87 | ||||
| EE | Excelerate Energy | 3.99 |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |