Altagas Stock Analysis

AltaGas Pink Sheet Analysis Notes

About 33.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.99. Some equities with similar Price to Book (P/B) outperform the market in the long run. AltaGas last dividend was issued on the 15th of March 2023. AltaGas Ltd. operates as an energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. Altagas operates under UtilitiesRegulated Gas classification in the United States and is traded on OTC Exchange. It employs 2926 people.The quote for AltaGas is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on AltaGas please contact Randall Crawford at 403 691 7575 or go to https://www.altagas.ca.

AltaGas Investment Alerts

AltaGas Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AltaGas's market, we take the total number of its shares issued and multiply it by AltaGas's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

AltaGas Profitablity

The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.07 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.07.

Technical Drivers

As of the 26th of December, AltaGas shows the Mean Deviation of 0.8247, risk adjusted performance of (0.07), and Standard Deviation of 1.14. AltaGas technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm AltaGas standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if AltaGas is priced correctly, providing market reflects its regular price of 22.98 per share. Given that AltaGas has information ratio of (0.13), we suggest you to validate AltaGas's prevailing market performance to make sure the company can sustain itself at a future point.

AltaGas Price Movement Analysis

AltaGas Predictive Daily Indicators

AltaGas Forecast Models

AltaGas' time-series forecasting models are one of many AltaGas' pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary AltaGas' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how AltaGas prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling AltaGas shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as AltaGas. By using and applying AltaGas Pink Sheet analysis, traders can create a robust methodology for identifying AltaGas entry and exit points for their positions.

When running AltaGas' price analysis, check to measure AltaGas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AltaGas is operating at the current time. Most of AltaGas' value examination focuses on studying past and present price action to predict the probability of AltaGas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AltaGas' price. Additionally, you may evaluate how the addition of AltaGas to your portfolios can decrease your overall portfolio volatility.