Algonquin Power Utilities Stock Probability of Future Stock Price Finishing Under 4.94
| AQN Stock | USD 4.88 0.12 2.52% |
Algonquin |
Algonquin Power Target Price Odds to finish below 4.94
The tendency of Algonquin Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 4.94 after 90 days |
| 4.88 | 90 days | 4.94 | about 26.72 |
Based on a normal probability distribution, the odds of Algonquin Power to stay under $ 4.94 after 90 days from now is about 26.72 (This Algonquin Power Utilities probability density function shows the probability of Algonquin Stock to fall within a particular range of prices over 90 days) . Probability of Algonquin Power Utilities price to stay between its current price of $ 4.88 and $ 4.94 at the end of the 90-day period is about 7.04 .
Considering the 90-day investment horizon Algonquin Power has a beta of 0.6. 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 Algonquin Power Utilities has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Algonquin Power Price Density |
| Price |
Predictive Modules for Algonquin Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Algonquin Power Utilities. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Algonquin Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Algonquin Power is not an exception. The market had few large corrections towards the Algonquin Power's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Algonquin Power Utilities, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Algonquin Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | -0.17 |
Algonquin Power Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Algonquin Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Algonquin Power Utilities can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Algonquin Power generated a negative expected return over the last 90 days | |
| Algonquin Power Utilities has 8.52 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. Note however, debt could still be an excellent tool for Algonquin to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 2.7 B. Reported Net Loss for the year was (33.3 M) with profit before taxes, overhead, and interest of 1.05 B. | |
| About 63.0% of Algonquin Power shares are held by institutions such as insurance companies | |
| On 15th of October 2024 Algonquin Power paid $ 0.065 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Deal will lead to smaller increase for Liberty Utilities power customers |
Algonquin Power Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Algonquin Stock often depends not only on the future outlook of the current and potential Algonquin Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Algonquin Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 690.8 M | |
| Cash And Short Term Investments | 56.1 M |
Algonquin Power Technical Analysis
Algonquin Power's future price can be derived by breaking down and analyzing its technical indicators over time. Algonquin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Algonquin Power Utilities. In general, you should focus on analyzing Algonquin Stock price patterns and their correlations with different microeconomic environments and drivers.
Algonquin Power Predictive Forecast Models
Algonquin Power's time-series forecasting models is one of many Algonquin Power's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Algonquin Power's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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.
| Algonquin Power generated a negative expected return over the last 90 days | |
| Algonquin Power Utilities has 8.52 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. Note however, debt could still be an excellent tool for Algonquin to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 2.7 B. Reported Net Loss for the year was (33.3 M) with profit before taxes, overhead, and interest of 1.05 B. | |
| About 63.0% of Algonquin Power shares are held by institutions such as insurance companies | |
| On 15th of October 2024 Algonquin Power paid $ 0.065 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Deal will lead to smaller increase for Liberty Utilities power customers |
Check out Algonquin Power Backtesting, Algonquin Power Valuation, Algonquin Power Correlation, Algonquin Power Hype Analysis, Algonquin Power Volatility, Algonquin Power History as well as Algonquin Power Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Multi-Utilities space 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 0.391 | Earnings Share 0.55 | Revenue Per Share 3.671 | Quarterly Revenue Growth 0.015 |
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.