Algonquin Stock Financials

AQNA
 Stock
  

USD 23.96  0.09  0.37%   

Financial data analysis helps to double-check if markets are presently mispricing Algonquin Power Utilities. We were able to interpolate three available fundamental indicators for Algonquin Power Utilities, which can be compared to its rivals. Please be adviced to confirm Algonquin Power Utilities number of employees to decide if Algonquin Power Utilities is mispriced or priced fairly. Use Algonquin Power to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The stock experiences a normal downward trend and little activity. Check odds of Algonquin Power to be traded at $23.72 in 90 days.
  
With this module, you can analyze Algonquin financials for your investing period. You should be able to track the changes in Algonquin Power individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.

Algonquin Most Recent Estimates

Understanding current and past Algonquin Power Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Algonquin Power's financial statements are interrelated, with each one affecting the others. For example, an increase in Algonquin Power's assets may result in an increase in income on the income statement.
Chance Of Financial Distress
Over 60
Algonquin Power Utilities has more than 60 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Algonquin Power stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Algonquin Power's official financial statements usually reflect Algonquin Power's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Algonquin Power Utilities. For example, before you start analyzing numbers published by Algonquin accountants, it's critical to develop an understanding of what Algonquin Power's liquidity, profitability, and earnings quality are in the context of the Utilities space in which it operates.
Please note, the presentation of Algonquin Power's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Algonquin Power's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Algonquin Power's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Algonquin Power Utilities. Please utilize our Beneish M Score to check the likelihood of Algonquin Power's management to manipulate its earnings.
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CUSIP015857709
IndustryUtilities
BenchmarkDOW
Related EntityAQNB
CurrencyUSD - US Dollar
You should never invest in Algonquin Power without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Algonquin Stock, because this is throwing your money away. Analyzing the key information contained in Algonquin Power's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Algonquin Power Key Financial Ratios

Generally speaking, Algonquin Power's financial ratios allow both analysts and investors to convert raw data from Algonquin Power's financial statements into concise, actionable information that can be used to evaluate the performance of Algonquin Power over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Algonquin Power Utilities reports annually and quarterly.

Algonquin Power Utilities Systematic Risk

Algonquin Power's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Algonquin Power volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Algonquin Power Utilities correlated with the market. If Beta is less than 0 Algonquin Power generally moves in the opposite direction as compared to the market. If Algonquin Power Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Algonquin Power Utilities is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Algonquin Power is generally in the same direction as the market. If Beta > 1 Algonquin Power moves generally in the same direction as, but more than the movement of the benchmark.
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About Algonquin Power Financials

What exactly are Algonquin Power Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Algonquin Power's income statement, its balance sheet, and the statement of cash flows. Potential Algonquin Power investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Algonquin Power investors may use each financial statement separately, they are all related. The changes in Algonquin Power's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Algonquin Power's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Algonquin Power is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Algonquin has grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Algonquin Power Thematic Clasifications

Algonquin Power Utilities is part of Utilities investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Utilities industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Utilities Idea
UtilitiesView
This theme covers USA Equities from Utilities industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas

Algonquin Power November 28, 2022 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Algonquin Power help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Algonquin Power Utilities. We use our internally-developed statistical techniques to arrive at the intrinsic value of Algonquin Power Utilities based on widely used predictive technical indicators. In general, we focus on analyzing Algonquin Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Algonquin Power's daily price indicators and compare them against related drivers.
Information Ratio(0.08)
Maximum Drawdown6.02
Value At Risk(2.21)
Potential Upside2.0
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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.