Algonquin Stock Today

AQNA
 Stock
  

USD 25.03  0.32  1.26%   

Market Performance
0 of 100
Algonquin Power is trading at 25.03 as of the 1st of July 2022, a -1.26% down since the beginning of the trading day. The stock's open price was 25.35. Algonquin Power has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Algonquin Power Utilities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of July 2020 and ending today, the 1st of July 2022. Please note, there could be an existing legal relationship between Algonquin Power Utilities (AQNA) and Algonquin Pwr Util (AQN). Click here to learn more.
CUSIP
015857709
Fiscal Year End
December
IPO Date
23rd of October 2018
Category
Utilities
ISIN
US0158577090

Algonquin Power Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Algonquin Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Algonquin Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Algonquin Power generated a negative expected return over the last 90 days
Latest headline from stocknews.com: META 3 Bargain Stocks Near 52-Week Lows to Buy and Forget - StockNews.com
Related EntityAQN (Algonquin Pwr Util)
CEO, DirectorIan Robertson
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Algonquin Power's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Algonquin Power Utilities (AQNA) is traded on New York Stock Exchange in USA and employs 16 people.
Check Algonquin Power Probability Of Bankruptcy

Algonquin Stock Price Odds Analysis

What are Algonquin Power's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Algonquin Power jumping above the current price in 90 days from now is about 76.39%. The Algonquin Power Utilities probability density function shows the probability of Algonquin Power stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Algonquin Power has a beta of 0.2923. This suggests as returns on the market go up, Algonquin Power average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Algonquin Power Utilities will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0492, implying that it can generate a 0.0492 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 25.03HorizonTargetOdds Above 25.03
23.28%90 days
 25.03 
76.39%
Based on a normal probability distribution, the odds of Algonquin Power to move above the current price in 90 days from now is about 76.39 (This Algonquin Power Utilities probability density function shows the probability of Algonquin Stock to fall within a particular range of prices over 90 days) .

Algonquin Power Utilities Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Algonquin Power market risk premium is the additional return an investor will receive from holding Algonquin Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Algonquin Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Algonquin Power's alpha and beta are two of the key measurements used to evaluate Algonquin Power's performance over the market, the standard measures of volatility play an important role as well.

Algonquin Power Utilities Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Algonquin Power Utilities Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Algonquin Power price patterns.
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Algonquin Stock Against Markets

Picking the right benchmark for Algonquin Power stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Algonquin Power stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Algonquin Power is critical whether you are bullish or bearish towards Algonquin Power Utilities at a given time.

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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Investing Algonquin Power Utilities

You need to understand the risk of investing before taking a position in Algonquin Power. The danger of trading Algonquin Power Utilities is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Algonquin Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Algonquin Power. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Algonquin Power Utilities is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme 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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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.