# Algonquin Power Stock Forecast - Day Typical Price

AQNA | Stock | ## USD 25.03 0.15 0.60% |

Algonquin Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Algonquin Power historical stock prices and determine the direction of Algonquin Power Utilities's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Algonquin Power historical fundamentals such as revenue growth or operating cash flow patterns.

Please continue to fundamental analysis of Algonquin Power to check your projections. Algonquin |

Most investors in Algonquin Power cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Algonquin Power's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Algonquin Power's price structures and extracts relationships that further increase the generated results' accuracy.

Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.Previous Day Typical Price | Day Typical Price | Trend |

25.98 | 26.07 |

Check Algonquin Power Volatility | Backtest Algonquin Power | Trend Details |

## Algonquin Power Trading Date Momentum

On October 02 2020 Algonquin Power Utilities was traded for 25.05 at the closing time. The top price for the day was 28.03 and the lowest listed price was 25.05 . The trading volume for the day was 16 K. The trading history from October 2, 2020 did not affect price variability. The overall trading delta against the current closing price is 9.50% . |

The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.

Compare Algonquin Power to competition |

## Other Forecasting Options for Algonquin Power

For every potential investor in Algonquin, whether a beginner or expert, Algonquin Power's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Algonquin Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Algonquin. Basic forecasting techniques help filter out the noise by identifying Algonquin Power's price trends.## Algonquin Power Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Algonquin Power stock to make a market-neutral strategy. Peer analysis of Algonquin Power could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics with similar companies.

Risk & Return | Correlation |

## Algonquin Power Utilities Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Algonquin Power's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Algonquin Power's current price.Cycle Indicators | ||

Math Operators | ||

Math Transform | ||

Momentum Indicators | ||

Overlap Studies | ||

Pattern Recognition | ||

Price Transform | ||

Statistic Functions | ||

Volatility Indicators | ||

Volume Indicators |

## Algonquin Power Market Strength Events

Market strength indicators help investors to evaluate how Algonquin Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Algonquin Power shares will generate the highest return on investment. By undertsting and applying Algonquin Power stock market strength indicators, traders can identify Algonquin Power Utilities entry and exit signals to maximize returns.

Accumulation Distribution | 759.56 | |||

Daily Balance Of Power | 0.1829 | |||

Rate Of Daily Change | 1.01 | |||

Day Median Price | 24.96 | |||

Day Typical Price | 24.98 | |||

Market Facilitation Index | 0.0 | |||

Price Action Indicator | 0.15 |

## Algonquin Power Risk Indicators

The analysis of Algonquin Power's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Algonquin Power's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Algonquin Power stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.

Mean Deviation | 0.5944 | |||

Standard Deviation | 0.7852 | |||

Variance | 0.6166 |

Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Algonquin Power in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Algonquin Power's short interest history, or implied volatility extrapolated from Algonquin Power options trading.

## Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.### Moving together with Algonquin Power

+ | 0.72 | HPQ | Hp Inc | Fiscal Year End 22nd of November 2022 | PairCorr |

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Please continue to fundamental analysis of Algonquin Power to check your projections. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

## Complementary Tools for analysis

When running Algonquin Power Utilities price analysis, check to measure Algonquin Power's 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 Algonquin Power is operating at the current time. Most of Algonquin Power's value examination focuses on studying past and present price action to predict the probability of Algonquin Power's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Algonquin Power's price. Additionally, you may evaluate how the addition of Algonquin Power to your portfolios can decrease your overall portfolio volatility.

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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.