TransAlta Corp Net Income vs. Number Of Shares Shorted

TA Stock  CAD 18.57  0.10  0.54%   
Considering TransAlta Corp's profitability and operating efficiency indicators, TransAlta Corp is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess TransAlta Corp's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1996-03-31
Previous Quarter
69 M
Current Value
-23 M
Quarterly Volatility
122.1 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, TransAlta Corp's Price To Sales Ratio is very stable compared to the past year. As of the 11th of December 2024, Days Sales Outstanding is likely to grow to 96.46, while Operating Cash Flow Sales Ratio is likely to drop 0.22. At this time, TransAlta Corp's Interest Income is very stable compared to the past year. As of the 11th of December 2024, Change To Netincome is likely to grow to about 597.7 M, though Accumulated Other Comprehensive Income is likely to grow to (155.8 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.650.49
Significantly Up
Slightly volatile
For TransAlta Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TransAlta Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TransAlta Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TransAlta Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TransAlta Corp over time as well as its relative position and ranking within its peers.
  
Check out World Market Map.
To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.
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.

TransAlta Corp Number Of Shares Shorted vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining TransAlta Corp's current stock value. Our valuation model uses many indicators to compare TransAlta Corp value to that of its competitors to determine the firm's financial worth.
TransAlta Corp is currently regarded as top stock in net income category among its peers. It also is currently regarded as top stock in number of shares shorted category among its peers making about  0.01  of Number Of Shares Shorted per Net Income. The ratio of Net Income to Number Of Shares Shorted for TransAlta Corp is roughly  130.25 . At this time, TransAlta Corp's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value TransAlta Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TransAlta Corp's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

TransAlta Number Of Shares Shorted vs. Net Income

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.

TransAlta Corp

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
695 M
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.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

TransAlta Corp

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
5.34 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

TransAlta Number Of Shares Shorted Comparison

TransAlta Corp is currently under evaluation in number of shares shorted category among its peers.

TransAlta Corp Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in TransAlta Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TransAlta Corp will eventually generate negative long term returns. The profitability progress is the general direction of TransAlta Corp's change in net profit over the period of time. It can combine multiple indicators of TransAlta Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-164 M-155.8 M
Operating Income1.1 B1.1 B
Total Other Income Expense Net-209 M-219.4 M
Net Income695 M729.8 M
Income Tax Expense84 M88.2 M
Income Before Tax880 M924 M
Net Income From Continuing Ops796 M835.8 M
Net Income Applicable To Common Shares3.6 M3.8 M
Interest Income71 M105 M
Net Interest Income-162 M-170.1 M
Change To Netincome569.2 M597.7 M
Net Income Per Share 2.52  2.64 
Income Quality 2.11  2.21 
Net Income Per E B T 0.79  0.80 

TransAlta Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on TransAlta Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of TransAlta Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the TransAlta Corp's important profitability drivers and their relationship over time.

Use TransAlta Corp in pair-trading

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.

TransAlta Corp Pair Trading

TransAlta Corp Pair Trading Analysis

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 CorrelationCorrelation Matching

Use Investing Themes to Complement your TransAlta Corp position

In addition to having TransAlta Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Chemicals Makers Thematic Idea Now

Chemicals Makers
Chemicals Makers Theme
Companies developing chemicals for crops, soil as well as human, and animals. The Chemicals Makers theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Chemicals Makers Theme or any other thematic opportunities.
View All  Next Launch
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:
Check out World Market Map.
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.
To fully project TransAlta Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TransAlta Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include TransAlta Corp's income statement, its balance sheet, and the statement of cash flows.
Potential TransAlta Corp investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although TransAlta Corp investors may work on each financial statement separately, they are all related. The changes in TransAlta Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TransAlta Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.