Correlation
The correlation between ALA.TO and EMA.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ALA.TO vs. EMA.TO
Compare and contrast key facts about AltaGas Ltd. (ALA.TO) and Emera Incorporated (EMA.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALA.TO or EMA.TO.
Performance
ALA.TO vs. EMA.TO - Performance Comparison
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Key characteristics
ALA.TO:
1.75
EMA.TO:
2.60
ALA.TO:
2.22
EMA.TO:
3.53
ALA.TO:
1.32
EMA.TO:
1.48
ALA.TO:
3.42
EMA.TO:
1.87
ALA.TO:
8.03
EMA.TO:
14.87
ALA.TO:
3.88%
EMA.TO:
2.91%
ALA.TO:
18.09%
EMA.TO:
16.12%
ALA.TO:
-74.98%
EMA.TO:
-35.98%
ALA.TO:
-6.03%
EMA.TO:
0.00%
Fundamentals
ALA.TO:
CA$11.50B
EMA.TO:
CA$18.64B
ALA.TO:
CA$1.88
EMA.TO:
CA$2.94
ALA.TO:
20.46
EMA.TO:
21.29
ALA.TO:
1.92
EMA.TO:
1.28
ALA.TO:
0.90
EMA.TO:
2.37
ALA.TO:
1.30
EMA.TO:
1.51
ALA.TO:
CA$12.89B
EMA.TO:
CA$7.87B
ALA.TO:
CA$3.16B
EMA.TO:
CA$3.16B
ALA.TO:
CA$428.00M
EMA.TO:
CA$1.05B
Returns By Period
In the year-to-date period, ALA.TO achieves a 15.49% return, which is significantly lower than EMA.TO's 20.05% return. Over the past 10 years, ALA.TO has underperformed EMA.TO with an annualized return of 5.11%, while EMA.TO has yielded a comparatively higher 9.26% annualized return.
ALA.TO
15.49%
-6.03%
13.97%
31.51%
12.32%
26.05%
5.11%
EMA.TO
20.05%
2.58%
20.74%
41.79%
5.54%
8.11%
9.26%
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Risk-Adjusted Performance
ALA.TO vs. EMA.TO — Risk-Adjusted Performance Rank
ALA.TO
EMA.TO
ALA.TO vs. EMA.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltaGas Ltd. (ALA.TO) and Emera Incorporated (EMA.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
ALA.TO vs. EMA.TO - Dividend Comparison
ALA.TO's dividend yield for the trailing twelve months is around 3.15%, less than EMA.TO's 4.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALA.TO AltaGas Ltd. | 3.15% | 3.55% | 4.03% | 4.53% | 3.66% | 5.15% | 4.85% | 15.02% | 7.39% | 5.99% | 6.10% | 3.90% |
EMA.TO Emera Incorporated | 4.60% | 5.36% | 5.54% | 5.17% | 4.07% | 4.57% | 4.26% | 5.22% | 4.54% | 4.40% | 3.85% | 3.82% |
Drawdowns
ALA.TO vs. EMA.TO - Drawdown Comparison
The maximum ALA.TO drawdown since its inception was -74.98%, which is greater than EMA.TO's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for ALA.TO and EMA.TO.
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Volatility
ALA.TO vs. EMA.TO - Volatility Comparison
AltaGas Ltd. (ALA.TO) has a higher volatility of 5.23% compared to Emera Incorporated (EMA.TO) at 4.07%. This indicates that ALA.TO's price experiences larger fluctuations and is considered to be riskier than EMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ALA.TO vs. EMA.TO - Financials Comparison
This section allows you to compare key financial metrics between AltaGas Ltd. and Emera Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALA.TO vs. EMA.TO - Profitability Comparison
ALA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, AltaGas Ltd. reported a gross profit of 1.21B and revenue of 3.97B. Therefore, the gross margin over that period was 30.4%.
EMA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Emera Incorporated reported a gross profit of 1.36B and revenue of 2.68B. Therefore, the gross margin over that period was 50.9%.
ALA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, AltaGas Ltd. reported an operating income of 593.00M and revenue of 3.97B, resulting in an operating margin of 14.9%.
EMA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Emera Incorporated reported an operating income of 925.00M and revenue of 2.68B, resulting in an operating margin of 34.6%.
ALA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, AltaGas Ltd. reported a net income of 397.00M and revenue of 3.97B, resulting in a net margin of 10.0%.
EMA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Emera Incorporated reported a net income of 601.00M and revenue of 2.68B, resulting in a net margin of 22.5%.