Algonquin Stock Price on October 2, 2020 Breakdown

AQNA
 Stock
  

USD 24.46  0.17  0.70%   

As of today, the current price of Algonquin Power is  24.46 , as last reported on the 3rd of October, with the highest price reaching  24.83  and the lowest price hitting  24.37  during the day.
Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of -0.022, which signifies that the company had -0.022% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Algonquin Power Utilities exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Algonquin Power Utilities risk adjusted performance of (0.016449), and Mean Deviation of 0.6388 to double-check the risk estimate we provide.
  

Algonquin Power Valuation on October 2, 2020

It is possible to determine the worth of Algonquin Power on a given historical date. On October 2, 2020 Algonquin was worth 27.91 at the beginning of the trading date compared to the closed value of 24.62. 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
  27.99    28.10    27.89    24.63    19,000  
10/02/2020
  27.91    28.03    27.51    24.62    16,000  
  28.07    28.11    27.31    24.12    130,600  
Backtest Algonquin Power  |  Algonquin Power History  PreviousNext  
Open Value 27.91
24.62
Closing Value
30.47
Upside

Algonquin Power Trading Date Momentum on October 2, 2020

On October 05 2020 Algonquin Power Utilities was traded for  24.12  at the closing time. The top price for the day was 28.11  and the lowest listed price was  27.31 . The trading volume for the day was 130.6 K. The trading history from October 5, 2020 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.03% . The overall trading delta against the current closing price is 10.44% .

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
October 2, 2020
High

 27.91 

  

 24.62 

-3.29-11.79%

Algonquin Power October 3, 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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.
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
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.