Algonquin Stock Price on September 29, 2020 Breakdown

AQNA
 Stock
  

USD 24.56  0.02  0.08%   

As of today, the current price of Algonquin Power is  24.56 , as last reported on the 4th of December, with the highest price reaching  24.85  and the lowest price hitting  24.32  during the day.
We consider Algonquin Power very steady. Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of 0.049, which signifies that the company had 0.049% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Algonquin Power Utilities, which you can use to evaluate the future volatility of the firm. Please confirm Algonquin Power Utilities mean deviation of 0.9792, and Risk Adjusted Performance of 0.0221 to double-check if the risk estimate we provide is consistent with the expected return of 0.0621%.
  

Algonquin Power Valuation on September 29, 2020

It is possible to determine the worth of Algonquin Power on a given historical date. On September 29, 2020 Algonquin was worth 27.53 at the beginning of the trading date compared to the closed value of 24.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algonquin Power stock. Still, in general, we apply an absolute valuation method to find Algonquin Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algonquin Power's related companies.
 Open High Low Close Volume
11/17/2020
  27.53    27.85    27.49    24.39    22,484  
  27.62    27.79    27.56    24.28    19,430  
Backtest Algonquin Power  |  Algonquin Power History  |  Algonquin Power Valuation Next  
Open Value 27.53
24.39
Closing Value
31.33
Upside

Algonquin Power Trading Date Momentum on September 29, 2020

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Algonquin Power Utilities Fundamentals Correlations and Trends

By evaluating Algonquin Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algonquin Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algonquin financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Algonquin Power Stock history

Algonquin Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algonquin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algonquin Power Utilities will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algonquin Power historical stock prices may prove useful in developing a viable investing in Algonquin Power

Algonquin Power Stock Technical Analysis

Algonquin Power technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Algonquin Power technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Algonquin Power trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Algonquin Power Period Price Range

Low
November 17, 2020
High

 27.53 

  

 24.39 

-3.14-11.41%

Algonquin Power December 4, 2022 Market Strength

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

Algonquin Power Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Algonquin stock's direction in advance. Along with the technical and fundamental analysis of Algonquin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algonquin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please continue to Trending Equities. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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.
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
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.