Correlation
The correlation between ALA.TO and TPZ.TO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ALA.TO vs. TPZ.TO
Compare and contrast key facts about AltaGas Ltd. (ALA.TO) and Topaz Energy Corp. (TPZ.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALA.TO or TPZ.TO.
Performance
ALA.TO vs. TPZ.TO - Performance Comparison
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Key characteristics
ALA.TO:
1.75
TPZ.TO:
0.73
ALA.TO:
2.22
TPZ.TO:
1.17
ALA.TO:
1.32
TPZ.TO:
1.16
ALA.TO:
3.42
TPZ.TO:
0.77
ALA.TO:
8.03
TPZ.TO:
1.95
ALA.TO:
3.88%
TPZ.TO:
9.83%
ALA.TO:
18.09%
TPZ.TO:
24.45%
ALA.TO:
-74.98%
TPZ.TO:
-24.75%
ALA.TO:
-6.03%
TPZ.TO:
-12.02%
Fundamentals
ALA.TO:
CA$11.50B
TPZ.TO:
CA$3.91B
ALA.TO:
CA$1.88
TPZ.TO:
CA$0.36
ALA.TO:
20.46
TPZ.TO:
70.64
ALA.TO:
0.90
TPZ.TO:
11.98
ALA.TO:
1.30
TPZ.TO:
3.06
ALA.TO:
CA$12.89B
TPZ.TO:
CA$313.23M
ALA.TO:
CA$3.16B
TPZ.TO:
CA$112.28M
ALA.TO:
CA$428.00M
TPZ.TO:
CA$70.67M
Returns By Period
In the year-to-date period, ALA.TO achieves a 15.49% return, which is significantly higher than TPZ.TO's -8.40% return.
ALA.TO
15.49%
-6.03%
13.97%
31.51%
12.32%
26.05%
5.11%
TPZ.TO
-8.40%
9.21%
-7.25%
17.72%
7.96%
N/A
N/A
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Risk-Adjusted Performance
ALA.TO vs. TPZ.TO — Risk-Adjusted Performance Rank
ALA.TO
TPZ.TO
ALA.TO vs. TPZ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AltaGas Ltd. (ALA.TO) and Topaz Energy Corp. (TPZ.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. TPZ.TO - Dividend Comparison
ALA.TO's dividend yield for the trailing twelve months is around 3.15%, less than TPZ.TO's 5.21% 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% |
TPZ.TO Topaz Energy Corp. | 5.21% | 4.67% | 6.30% | 5.21% | 4.76% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALA.TO vs. TPZ.TO - Drawdown Comparison
The maximum ALA.TO drawdown since its inception was -74.98%, which is greater than TPZ.TO's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for ALA.TO and TPZ.TO.
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Volatility
ALA.TO vs. TPZ.TO - Volatility Comparison
AltaGas Ltd. (ALA.TO) has a higher volatility of 5.23% compared to Topaz Energy Corp. (TPZ.TO) at 4.44%. This indicates that ALA.TO's price experiences larger fluctuations and is considered to be riskier than TPZ.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. TPZ.TO - Financials Comparison
This section allows you to compare key financial metrics between AltaGas Ltd. and Topaz Energy Corp.. 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. TPZ.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%.
TPZ.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Topaz Energy Corp. reported a gross profit of 36.10M and revenue of 88.27M. Therefore, the gross margin over that period was 40.9%.
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%.
TPZ.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Topaz Energy Corp. reported an operating income of 30.88M and revenue of 88.27M, resulting in an operating margin of 35.0%.
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%.
TPZ.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Topaz Energy Corp. reported a net income of 12.29M and revenue of 88.27M, resulting in a net margin of 13.9%.