TransAlta Capital Expenditures vs Stock Based Compensation Analysis

TA Stock

CAD 18.57 0.10 0.54%

TransAlta Corp financial indicator trend analysis is much more than just breaking down TransAlta Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TransAlta Corp is a good investment. Please check the relationship between TransAlta Corp Capital Expenditures and its Stock Based Compensation accounts. 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.

Capital Expenditures vs Stock Based Compensation

Capital Expenditures vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TransAlta Corp Capital Expenditures account and Stock Based Compensation. At this time, the significance of the direction appears to have very week relationship.

The correlation between TransAlta Corp's Capital Expenditures and Stock Based Compensation is 0.23. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of TransAlta Corp, assuming nothing else is changed. The correlation between historical values of TransAlta Corp's Capital Expenditures and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of TransAlta Corp are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Capital Expenditures i.e., TransAlta Corp's Capital Expenditures and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by TransAlta Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of TransAlta Corp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from TransAlta Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TransAlta Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.14, while Selling General Administrative is likely to drop about 249.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.5B	1.6B	1.6B	1.2B
Total Revenue	2.7B	3.0B	3.4B	2.8B

Gross Profit Total Revenue

TransAlta Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.8	0.61	0.15	0.22	0.27	0.39	0.23	-0.63	0.06	0.31	0.63	0.14	0.22	0.34	0.65	0.73	0.49	-0.81	0.59	0.28	0.42	0.18	0.49	0.38	0.0
Total Assets	0.8		0.84	0.32	0.27	0.46	0.71	0.48	-0.36	-0.01	0.21	0.85	0.06	0.23	0.47	0.84	0.44	0.48	-0.9	0.74	0.19	0.43	0.05	0.79	0.16	0.13
Short Long Term Debt Total	0.61	0.84		0.35	0.35	0.19	0.63	0.58	-0.36	0.17	0.23	0.7	0.16	0.25	0.37	0.92	0.14	0.46	-0.82	0.86	0.45	0.38	0.07	0.72	0.3	0.35
Other Current Liab	0.15	0.32	0.35		0.86	-0.54	-0.17	-0.26	-0.45	0.85	0.69	-0.16	0.09	0.72	0.88	0.45	0.03	0.87	-0.21	0.76	0.67	0.87	-0.18	-0.01	0.12	0.54
Total Current Liabilities	0.22	0.27	0.35	0.86		-0.55	-0.2	-0.28	-0.57	0.85	0.73	-0.19	0.03	0.72	0.83	0.33	-0.02	0.8	-0.26	0.72	0.81	0.83	0.32	-0.02	0.27	0.6
Total Stockholder Equity	0.27	0.46	0.19	-0.54	-0.55		0.82	0.69	0.43	-0.83	-0.66	0.82	-0.24	-0.61	-0.35	0.11	0.12	-0.46	-0.41	-0.21	-0.66	-0.52	0.11	0.68	-0.22	-0.37
Property Plant And Equipment Net	0.39	0.71	0.63	-0.17	-0.2	0.82		0.87	0.18	-0.49	-0.47	0.94	-0.1	-0.39	-0.1	0.55	-0.05	-0.16	-0.72	0.29	-0.23	-0.26	0.07	0.86	0.03	0.05
Net Debt	0.23	0.48	0.58	-0.26	-0.28	0.69	0.87		0.27	-0.49	-0.65	0.79	-0.35	-0.6	-0.21	0.44	-0.18	-0.23	-0.52	0.19	-0.16	-0.43	0.04	0.76	0.16	0.17
Retained Earnings	-0.63	-0.36	-0.36	-0.45	-0.57	0.43	0.18	0.27		-0.55	-0.69	0.01	-0.24	-0.57	-0.53	-0.54	-0.52	-0.69	0.46	-0.63	-0.68	-0.69	-0.08	0.1	-0.71	-0.49
Accounts Payable	0.06	-0.01	0.17	0.85	0.85	-0.83	-0.49	-0.49	-0.55		0.79	-0.49	0.21	0.77	0.72	0.23	0.0	0.76	-0.03	0.61	0.8	0.81	-0.01	-0.32	0.25	0.49
Cash	0.31	0.21	0.23	0.69	0.73	-0.66	-0.47	-0.65	-0.69	0.79		-0.31	0.46	0.96	0.67	0.31	0.36	0.76	-0.14	0.59	0.66	0.91	0.07	-0.24	0.13	0.19
Non Current Assets Total	0.63	0.85	0.7	-0.16	-0.19	0.82	0.94	0.79	0.01	-0.49	-0.31		-0.07	-0.28	-0.01	0.63	0.25	-0.01	-0.8	0.36	-0.19	-0.11	0.07	0.88	0.06	-0.07
Non Currrent Assets Other	0.14	0.06	0.16	0.09	0.03	-0.24	-0.1	-0.35	-0.24	0.21	0.46	-0.07		0.45	-0.04	0.2	0.16	0.05	-0.14	0.18	0.1	0.23	-0.07	-0.14	-0.13	-0.26
Cash And Short Term Investments	0.22	0.23	0.25	0.72	0.72	-0.61	-0.39	-0.6	-0.57	0.77	0.96	-0.28	0.45		0.67	0.33	0.28	0.68	-0.17	0.6	0.65	0.89	0.04	-0.15	0.08	0.22
Net Receivables	0.34	0.47	0.37	0.88	0.83	-0.35	-0.1	-0.21	-0.53	0.72	0.67	-0.01	-0.04	0.67		0.46	0.24	0.85	-0.35	0.73	0.57	0.89	0.0	0.11	0.17	0.46
Non Current Liabilities Total	0.65	0.84	0.92	0.45	0.33	0.11	0.55	0.44	-0.54	0.23	0.31	0.63	0.2	0.33	0.46		0.28	0.55	-0.83	0.88	0.45	0.49	-0.2	0.6	0.44	0.46
Inventory	0.73	0.44	0.14	0.03	-0.02	0.12	-0.05	-0.18	-0.52	0.0	0.36	0.25	0.16	0.28	0.24	0.28		0.35	-0.37	0.21	0.05	0.4	-0.08	0.14	0.25	-0.23
Other Current Assets	0.49	0.48	0.46	0.87	0.8	-0.46	-0.16	-0.23	-0.69	0.76	0.76	-0.01	0.05	0.68	0.85	0.55	0.35		-0.35	0.8	0.68	0.91	-0.08	0.02	0.28	0.43
Other Stockholder Equity	-0.81	-0.9	-0.82	-0.21	-0.26	-0.41	-0.72	-0.52	0.46	-0.03	-0.14	-0.8	-0.14	-0.17	-0.35	-0.83	-0.37	-0.35		-0.72	-0.31	-0.32	-0.17	-0.75	-0.35	-0.23
Total Liab	0.59	0.74	0.86	0.76	0.72	-0.21	0.29	0.19	-0.63	0.61	0.59	0.36	0.18	0.6	0.73	0.88	0.21	0.8	-0.72		0.73	0.77	0.0	0.44	0.38	0.55
Property Plant And Equipment Gross	0.28	0.19	0.45	0.67	0.81	-0.66	-0.23	-0.16	-0.68	0.8	0.66	-0.19	0.1	0.65	0.57	0.45	0.05	0.68	-0.31	0.73		0.69	0.23	-0.02	0.54	0.66
Total Current Assets	0.42	0.43	0.38	0.87	0.83	-0.52	-0.26	-0.43	-0.69	0.81	0.91	-0.11	0.23	0.89	0.89	0.49	0.4	0.91	-0.32	0.77	0.69		-0.02	-0.02	0.19	0.35
Short Term Debt	0.18	0.05	0.07	-0.18	0.32	0.11	0.07	0.04	-0.08	-0.01	0.07	0.07	-0.07	0.04	0.0	-0.2	-0.08	-0.08	-0.17	0.0	0.23	-0.02		0.12	0.08	-0.02
Current Deferred Revenue	0.49	0.79	0.72	-0.01	-0.02	0.68	0.86	0.76	0.1	-0.32	-0.24	0.88	-0.14	-0.15	0.11	0.6	0.14	0.02	-0.75	0.44	-0.02	-0.02	0.12		-0.03	0.0
Good Will	0.38	0.16	0.3	0.12	0.27	-0.22	0.03	0.16	-0.71	0.25	0.13	0.06	-0.13	0.08	0.17	0.44	0.25	0.28	-0.35	0.38	0.54	0.19	0.08	-0.03		0.74
Short Term Investments	0.0	0.13	0.35	0.54	0.6	-0.37	0.05	0.17	-0.49	0.49	0.19	-0.07	-0.26	0.22	0.46	0.46	-0.23	0.43	-0.23	0.55	0.66	0.35	-0.02	0.0	0.74

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TransAlta Corp Account Relationship Matchups

TransAlta Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	287M	283M	275M	271M	276M	246.7M
Total Assets	9.5B	9.7B	9.2B	10.7B	8.7B	9.5B
Short Long Term Debt Total	3.5B	4.1B	4.0B	4.4B	4.2B	3.8B
Other Current Liab	190M	230M	379M	1.6B	423M	326.0M
Total Current Liabilities	1.1B	935M	1.9B	2.9B	1.7B	1.5B
Total Stockholder Equity	3.0B	2.4B	1.6B	1.1B	1.5B	2.7B
Property Plant And Equipment Net	6.4B	6.0B	5.4B	5.7B	5.8B	6.7B
Net Debt	2.8B	2.7B	2.3B	2.5B	3.8B	3.5B
Retained Earnings	(1.5B)	(1.8B)	(2.5B)	(2.5B)	(2.6B)	(2.4B)
Accounts Payable	413M	599M	689M	1.1B	772M	449.3M
Cash	411M	703M	947M	1.1B	348M	232.0M
Non Current Assets Total	8.2B	7.8B	7.0B	7.0B	7.1B	8.2B
Non Currrent Assets Other	1.0B	955M	726M	450M	179M	170.1M
Cash And Short Term Investments	411M	703M	947M	1.1B	348M	264.6M
Liabilities And Stockholders Equity	9.5B	9.7B	9.2B	10.7B	8.7B	9.5B
Non Current Liabilities Total	4.3B	5.4B	4.7B	5.9B	5.3B	5.4B
Inventory	251M	238M	167M	157M	180.6M	122.8M
Other Current Assets	259M	378M	432M	1.1B	456M	308.3M
Other Stockholder Equity	84M	76M	46M	41M	36.9M	35.1M
Total Liab	5.4B	6.3B	6.6B	8.8B	7.0B	6.1B
Property Plant And Equipment Gross	6.4B	6.0B	13.5B	14.1B	14.6B	7.7B
Total Current Assets	1.3B	1.9B	2.2B	3.7B	1.6B	1.4B
Accumulated Other Comprehensive Income	454M	302M	146M	(222M)	(164M)	(155.8M)
Short Term Debt	513M	105M	844M	194M	535M	355.2M
Short Term Investments	95M	69M	272M	709M	815.4M	856.1M
Intangible Assets	318M	313M	256M	252M	223M	249.7M
Common Stock	3.0B	2.9B	2.9B	2.9B	3.3B	3.3B
Other Liab	1.3B	1.4B	1.5B	1.7B	1.9B	1.5B
Net Tangible Assets	1.2B	634M	(79M)	(548M)	(493.2M)	(468.5M)
Other Assets	1.0B	1.0B	790M	210M	189M	179.6M
Long Term Debt	2.9B	3.1B	3.1B	4.1B	3.5B	2.8B
Deferred Long Term Liab	28M	25M	29M	10M	9M	8.6M
Short Long Term Debt	494M	97M	837M	186M	529M	638.7M
Property Plant Equipment	6.4B	6.0B	5.4B	1.6B	1.4B	1.4B
Long Term Debt Total	3.0B	4.0B	3.2B	4.2B	3.8B	2.9B

Pair Trading with TransAlta Corp

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 TransAlta Corp 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 TransAlta Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with TransAlta Stock

0.69	DAY	Dayforce	Pair Corr
0.66	RBA	Ritchie Bros Auctioneers	Pair Corr

Moving against TransAlta Stock

0.75

PNC-B

Postmedia Network Canada

Pair Corr

The ability to find closely correlated positions to TransAlta Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAlta Corp 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 TransAlta Corp - 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 TransAlta Corp to buy it.

The correlation of TransAlta Corp 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 TransAlta Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAlta Corp 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 TransAlta Corp 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.

Pair Correlation Correlation Matching

When determining whether TransAlta Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TransAlta Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Transalta Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Transalta Corp Stock:

How To Invest In TransAlta

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Is TransAlta Stock a good investment?

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What is TransAlta Corp's Net Worth?

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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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAlta Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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TransAlta Capital Expenditures vs Stock Based Compensation Analysis

Capital Expenditures vs Stock Based Compensation

Capital Expenditures vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

Capital Expenditures

Stock Based Compensation

TransAlta Corp fundamental ratios Correlations

TransAlta Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TransAlta Corp fundamental ratios Accounts

Pair Trading with TransAlta Corp

Moving together with TransAlta Stock

Moving against TransAlta Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.96	Cash
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.92	Short Long Term Debt Total
Total Current Assets	+ 0.91	Cash
Total Current Assets	+ 0.91	Other Current Assets
Total Current Assets	+ 0.89	Cash And Short Term Investments

Other Stockholder Equity	- 0.9	Total Assets
Other Stockholder Equity	- 0.83	Non Current Liabilities Total
Accounts Payable	- 0.83	Total Stockholder Equity
Other Stockholder Equity	- 0.82	Short Long Term Debt Total
Other Stockholder Equity	- 0.81	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.8	Non Current Assets Total