Algonquin Stock Performance

AQNA
 Stock
  

USD 25.98  0.20  0.78%   

Algonquin Power has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3821, which signifies possible diversification benefits within a given portfolio. 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. Although it is important to respect Algonquin Power Utilities historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Algonquin Power Utilities technical indicators, you can presently evaluate if the expected return of 0.0245% will be sustainable into the future. Algonquin Power Utilities right now shows a risk of 0.97%. Please confirm Algonquin Power Utilities coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Algonquin Power Utilities will be following its price patterns.
  
Algonquin Performance
1 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Algonquin Power Utilities are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Algonquin Power is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0674
Dividend Date
2022-07-17

Algonquin Price Channel

Fifty Two Week Low23.51
Fifty Two Week High28.18

Algonquin Power Relative Risk vs. Return Landscape

If you would invest  2,547  in Algonquin Power Utilities on May 11, 2022 and sell it today you would earn a total of  31.00  from holding Algonquin Power Utilities or generate 1.22% return on investment over 90 days. Algonquin Power Utilities is currently generating 0.0245% in daily expected returns and assumes 0.9717% risk (volatility on return distribution) over the 90 days horizon. In different words, 8% of stocks are less volatile than Algonquin, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Algonquin Power is expected to generate 2.39 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.31 times less risky than the market. It trades about 0.03 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 of returns per unit of risk over similar time horizon.

Algonquin Power Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Algonquin Power's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Algonquin Power Utilities, and traders can use it to determine the average amount a Algonquin Power's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0252

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Estimated Market Risk
 0.97
  actual daily
 
 8 %
of total potential
 
88
Expected Return
 0.02
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 0 %
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00
Risk-Adjusted Return
 0.03
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 1 %
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11
Based on monthly moving average Algonquin Power is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algonquin Power by adding it to a well-diversified portfolio.

About Algonquin Power Performance

To evaluate Algonquin Power Utilities Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Algonquin Power generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Algonquin Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Algonquin Power Utilities stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Algonquin's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.

Things to note about Algonquin Power Utilities

Checking the ongoing alerts about Algonquin Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Algonquin Power Utilities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Please continue to Trending Equities. 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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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.