Algonquin Stock Buy Hold or Sell Recommendation

AQNA
 Stock
  

USD 25.07  0.04  0.16%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Algonquin Power Utilities is 'Strong Hold'. Macroaxis provides Algonquin Power buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AQNA positions. The advice algorithm takes into account all of Algonquin Power's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Algonquin Power's buy-and-hold perspective. Please continue to Algonquin Power Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Algonquin and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Algonquin Power Utilities.

Execute Algonquin Power Buy or Sell Advice

The Algonquin recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Algonquin Power Utilities. Macroaxis does not own or have any residual interests in Algonquin Power Utilities or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Algonquin Power's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Algonquin PowerBuy Algonquin Power
Strong Hold

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Close to AverageDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Algonquin Power Utilities has a Risk Adjusted Performance of 0.0083, Jensen Alpha of 0.0509, Total Risk Alpha of 0.1501, Sortino Ratio of 0.1664 and Treynor Ratio of (0.005045)
Our investment recommendation module complements current analysts and expert consensus on Algonquin Power. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. Please be advised to confirm Algonquin Power Utilities number of employees to validate our buy or sell recommendation.

Algonquin Power Trading Alerts and Improvement Suggestions

Algonquin Power generated a negative expected return over the last 90 days
Latest headline from stocknews.com: META 3 Bargain Stocks Near 52-Week Lows to Buy and Forget - StockNews.com

Algonquin Power Returns Distribution Density

The distribution of Algonquin Power's historical returns is an attempt to chart the future uncertainty of Algonquin Power's future price movements. The chart of the probability distribution of Algonquin Power stock daily returns describes the distribution of returns around its average expected value. We use Algonquin Power Utilities price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algonquin Power returns is essential to provide solid investment advice for Algonquin Power stock.
Mean Return0.008625Value At Risk-1.33
Potential Upside2.11Standard Deviation1.12
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Algonquin Power historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Algonquin Power Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Algonquin Power or Algonquin Power Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Algonquin Power stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Algonquin stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.05
β
Beta against DOW0.27
σ
Overall volatility
1.11
Ir
Information ratio 0.17

Algonquin Power Volatility Alert

Algonquin Power Utilities has relatively low volatility with skewness of -0.27 and kurtosis of 2.74. However, we advise all investors to independently investigate Algonquin Power Utilities to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Algonquin Power's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Algonquin Power's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Algonquin Power Implied Volatility

Algonquin Power's implied volatility exposes the market's sentiment of Algonquin Power Utilities stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Algonquin Power's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Algonquin Power stock will not fluctuate a lot when Algonquin Power's options are near their expiration.

Algonquin Power Fundamentals Vs Peers

Comparing Algonquin Power's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Algonquin Power's direct or indirect competition across all of the common fundamentals between Algonquin Power and the related equities. This way, we can detect undervalued stocks with similar characteristics as Algonquin Power or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Algonquin Power's fundamental indicators could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Algonquin Power to competition
FundamentalsAlgonquin PowerPeer Average
Number of Employees1618.84 K
Last Dividend Paid0.43

Algonquin Power Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Algonquin . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution209.13
Daily Balance Of Power0.0645
Rate Of Daily Change1.0
Day Median Price24.89
Day Typical Price24.95
Market Facilitation Index1.0E-4
Price Action Indicator0.2

About Algonquin Power Buy or Sell Advice

When is the right time to buy or sell Algonquin Power Utilities? Buying financial instruments such as Algonquin Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Algonquin Power investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Algonquin Power 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.

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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 Software Theme or any other thematic opportunities.
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Please continue to Algonquin Power Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Algonquin Power Utilities information on this page should be used as a complementary analysis to other Algonquin Power's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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Is Algonquin Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine Algonquin Power value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power'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.