TransAlta Free Cash Flow vs Issuance Of Capital Stock 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 Free Cash Flow and its Issuance Of Capital Stock 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.
Free Cash Flow vs Issuance Of Capital Stock
Free Cash Flow vs Issuance Of Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TransAlta Corp Free Cash Flow account and Issuance Of Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between TransAlta Corp's Free Cash Flow and Issuance Of Capital Stock is -0.36. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Issuance Of Capital Stock 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 Free Cash Flow and Issuance Of Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of TransAlta Corp are associated (or correlated) with its Issuance Of Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Issuance Of Capital Stock has no effect on the direction of Free Cash Flow i.e., TransAlta Corp's Free Cash Flow and Issuance Of Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.36 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Issuance Of Capital Stock
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 |
TransAlta Corp fundamental ratios Correlations
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TransAlta Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against TransAlta Stock
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.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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.