Algonquin Stock Market Value

AQNA
 Stock
  

USD 25.03  0.32  1.26%   

Algonquin Power's market value is the price at which a share of Algonquin Power stock trades on a public exchange. It measures the collective expectations of Algonquin Power Utilities investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Algonquin Power Utilities and determine expected loss or profit from investing in Algonquin Power over a given investment horizon. Please continue to Algonquin Power Hype Analysis, Algonquin Power Correlation, Algonquin Power Valuation, Algonquin Power Volatility, as well as analyze Algonquin Power Alpha and Beta and Algonquin Power Performance.
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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.

Algonquin Power 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Algonquin Power's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Algonquin Power.
0.00
08/04/2021
No Change 0.00  0.0 
In 10 months and 27 days
06/30/2022
0.00
If you would invest  0.00  in Algonquin Power on August 4, 2021 and sell it all today you would earn a total of 0.00 from holding Algonquin Power Utilities or generate 0.0% return on investment in Algonquin Power over 330 days. Algonquin Power is related to or competes with Apple, and Boeing. More

Algonquin Power Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Algonquin Power's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Algonquin Power Utilities upside and downside potential and time the market with a certain degree of confidence.

Algonquin Power Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Algonquin Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Algonquin Power's standard deviation. In reality, there are many statistical measures that can use Algonquin Power historical prices to predict the future Algonquin Power's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Algonquin Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Algonquin Power in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
24.2525.3826.51
Details
Intrinsic
Valuation
LowReal ValueHigh
24.0925.2126.35
Details
Naive
Forecast
LowNext ValueHigh
25.4726.6027.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.8525.2526.65
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Algonquin Power. Your research has to be compared to or analyzed against Algonquin Power's peers to derive any actionable benefits. When done correctly, Algonquin Power's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Algonquin Power Utilities.

Algonquin Power Utilities Backtested Returns

Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of -0.0424, which signifies that the company had -0.0424% 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 0.0325, and Mean Deviation of 0.7913 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.2878, which signifies not very significant fluctuations relative to the market. Let's try to break down what Algonquin's beta means in this case. As returns on the market increase, Algonquin Power returns are expected to increase less than the market. However, during the bear market, the loss on holding Algonquin Power will be expected to be smaller as well. Even though it is essential to pay attention to Algonquin Power Utilities historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Algonquin Power Utilities exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Algonquin Power Utilities has an expected return of -0.0476%. Please be advised to confirm Algonquin Power Utilities coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance to decide if Algonquin Power Utilities performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.40  

Average predictability

Algonquin Power Utilities has average predictability. Overlapping area represents the amount of predictability between Algonquin Power time series from 4th of August 2021 to 16th of January 2022 and 16th of January 2022 to 30th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Algonquin Power Utilities price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Algonquin Power price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test-0.05
Residual Average0.0
Price Variance0.32

Algonquin Power Utilities lagged returns against current returns

Autocorrelation, which is Algonquin Power stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Algonquin Power's stock expected returns. We can calculate the autocorrelation of Algonquin Power returns to help us make a trade decision. For example, suppose you find that Algonquin Power stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Algonquin Power regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Algonquin Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Algonquin Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Algonquin Power stock over time.
 Current vs Lagged Prices 
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      Timeline 

Algonquin Power Lagged Returns

When evaluating Algonquin Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Algonquin Power stock have on its future price. Algonquin Power autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Algonquin Power autocorrelation shows the relationship between Algonquin Power stock current value and its past values and can show if there is a momentum factor associated with investing in Algonquin Power Utilities.
 Regressed Prices 
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      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Algonquin Power without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Equity Forecasting

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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.

Algonquin Power Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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.
Pair CorrelationCorrelation Matching
Please continue to Algonquin Power Hype Analysis, Algonquin Power Correlation, Algonquin Power Valuation, Algonquin Power Volatility, as well as analyze Algonquin Power Alpha and Beta and Algonquin Power Performance. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Algonquin Stock 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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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...