Algonquin Power Utilities Stock Performance
| AQN Stock | USD 6.46 0.15 2.27% |
On a scale of 0 to 100, Algonquin Power holds a performance score of 8. The firm shows a Beta (market volatility) of 1.82, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Algonquin Power will likely underperform. Please check Algonquin Power's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Algonquin Power's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Algonquin Power Utilities are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, Algonquin Power displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.90) | Five Day Return (1.64) | Year To Date Return 2.48 | Ten Year Return (11.63) | All Time Return 275.86 |
Forward Dividend Yield 0.0651 | Payout Ratio 0.8857 | Forward Dividend Rate 0.43 | Dividend Date 2024-07-15 | Ex Dividend Date 2024-06-28 |
1 | Algonquin Power Utilities Scheduled to Post Earnings on Friday | 03/07/2024 |
| Algonquin Power dividend paid on 15th of April 2024 | 04/15/2024 |
3 | Pinnacle West Beats Q1 Earnings and Revenue Estimates | 05/02/2024 |
4 | Atmos Energy to Report Q2 Earnings Whats in Store | 05/03/2024 |
5 | Evergy to Post Q1 Earnings Heres What You Need to Know | 05/07/2024 |
6 | Algonquin Power Utilities Q1 2024 Earnings Preview | 05/09/2024 |
7 | Algonquin Power names interim CEO Huskilson as top boss | 05/10/2024 |
8 | Aquirian Might Be Having Difficulty Using Its Capital Effectively | 05/13/2024 |
| Begin Period Cash Flow | 57.6 M |
Algonquin |
Algonquin Power Relative Risk vs. Return Landscape
If you would invest 586.00 in Algonquin Power Utilities on February 23, 2024 and sell it today you would earn a total of 75.00 from holding Algonquin Power Utilities or generate 12.8% return on investment over 90 days. Algonquin Power Utilities is generating 0.2067% of daily returns assuming volatility of 1.934% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than Algonquin, and above 96% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
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 = 0.1069
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Algonquin Power is performing at about 8% 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.
Algonquin Power Fundamentals Growth
Algonquin Stock prices reflect investors' perceptions of the future prospects and financial health of Algonquin Power, and Algonquin Power fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Algonquin Stock performance.
| Return On Equity | -0.0584 | ||||
| Return On Asset | 0.0165 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 15.43 B | ||||
| Shares Outstanding | 689.66 M | ||||
| Price To Earning | 5.61 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 1.53 X | ||||
| Revenue | 2.74 B | ||||
| Gross Profit | 1.05 B | ||||
| EBITDA | 972.27 M | ||||
| Net Income | 29.2 M | ||||
| Cash And Equivalents | 85 M | ||||
| Cash Per Share | 0.12 X | ||||
| Total Debt | 8.49 B | ||||
| Debt To Equity | 1.03 % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | 6.79 X | ||||
| Cash Flow From Operations | 639.55 M | ||||
| Earnings Per Share | (0.49) X | ||||
| Market Capitalization | 4.6 B | ||||
| Total Asset | 18.28 B | ||||
| Retained Earnings | (1.27 B) | ||||
| Working Capital | (618.84 M) | ||||
| Current Asset | 305.04 M | ||||
| Current Liabilities | 282.11 M | ||||
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 market performance in a much more refined way. 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.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 38.39 | 44.50 | |
| Return On Tangible Assets | 0 | 0 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0 | 0 | |
| Return On Equity | 0.01 | 0.01 |
Things to note about Algonquin Power Utilities performance evaluation
Checking the ongoing alerts about Algonquin Power for important developments is a great way to find new opportunities for your next move. 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.| The company has 8.49 B in debt with debt to equity (D/E) ratio of 1.03, which is OK given its current industry classification. Algonquin Power Utilities has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Algonquin Power until it has trouble settling it off, either with new capital or with free cash flow. So, Algonquin Power's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Algonquin Power Utilities sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Algonquin to invest in growth at high rates of return. When we think about Algonquin Power's use of debt, we should always consider it together with cash and equity. | |
| About 63.0% of Algonquin Power shares are held by institutions such as insurance companies | |
| On 15th of April 2024 Algonquin Power paid $ 0.1085 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Aquirian Might Be Having Difficulty Using Its Capital Effectively |
- Analyzing Algonquin Power's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Algonquin Power's stock is overvalued or undervalued compared to its peers.
- Examining Algonquin Power's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Algonquin Power's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Algonquin Power's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Algonquin Power's stock. These opinions can provide insight into Algonquin Power's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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When running Algonquin Power's 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 the 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.
Quarterly Earnings Growth 1.998 | Dividend Share 0.434 | Earnings Share (0.49) | Revenue Per Share 3.854 | Quarterly Revenue Growth (0.05) |
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 if Algonquin Power is a good investment 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.