Altagas Stock Market Value
| ATGFF Stock | USD 22.98 0.29 1.28% |
| Symbol | AltaGas |
AltaGas 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AltaGas' pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AltaGas.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in AltaGas on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding AltaGas or generate 0.0% return on investment in AltaGas over 720 days. AltaGas is related to or competes with Energy Of, Avista, Allete, AES, Companhia Energetica, and Black Hills. AltaGas Ltd. operates as an energy infrastructure company in North America More
AltaGas Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AltaGas' pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AltaGas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.12 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.59 |
AltaGas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltaGas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AltaGas' standard deviation. In reality, there are many statistical measures that can use AltaGas historical prices to predict the future AltaGas' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.20) |
AltaGas Backtested Returns
AltaGas secures Sharpe Ratio (or Efficiency) of -0.0885, which signifies that the company had a -0.0885% return per unit of risk over the last 3 months. AltaGas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AltaGas' Mean Deviation of 0.8635, standard deviation of 1.2, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, AltaGas' returns are expected to increase less than the market. However, during the bear market, the loss of holding AltaGas is expected to be smaller as well. At this point, AltaGas has a negative expected return of -0.1%. Please make sure to confirm AltaGas' accumulation distribution, and the relationship between the potential upside and day median price , to decide if AltaGas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
AltaGas has good predictability. Overlapping area represents the amount of predictability between AltaGas time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AltaGas price movement. The serial correlation of 0.73 indicates that around 73.0% of current AltaGas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
AltaGas lagged returns against current returns
Autocorrelation, which is AltaGas pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AltaGas' pink sheet expected returns. We can calculate the autocorrelation of AltaGas returns to help us make a trade decision. For example, suppose you find that AltaGas has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AltaGas regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AltaGas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AltaGas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AltaGas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AltaGas Lagged Returns
When evaluating AltaGas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AltaGas pink sheet have on its future price. AltaGas autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AltaGas autocorrelation shows the relationship between AltaGas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AltaGas.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AltaGas Pink Sheet
AltaGas financial ratios help investors to determine whether AltaGas Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AltaGas with respect to the benefits of owning AltaGas security.