Algonquin Power (Germany) Price on November 28, 2024
| 751 Stock | EUR 4.64 0.03 0.65% |
If you're considering investing in Algonquin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Algonquin Power stands at 4.64, as last reported on the 2nd of December, with the highest price reaching 4.65 and the lowest price hitting 4.62 during the day. Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of -0.0058, which signifies that the company had a -0.0058% return per unit of standard deviation over the last 3 months. Algonquin Power Utilities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Algonquin Power's risk adjusted performance of (0.01), and Mean Deviation of 1.16 to double-check the risk estimate we provide.
Algonquin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Algonquin |
Sharpe Ratio = -0.0058
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 751 |
Estimated Market Risk
| 1.5 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Algonquin Power is not performing at its full potential. However, 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 Algonquin Power to a well-diversified portfolio.
Algonquin Power Valuation on November 28, 2024
It is possible to determine the worth of Algonquin Power on a given historical date. On November 28, 2024 Algonquin was worth 4.59 at the beginning of the trading date compared to the closed value of 4.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algonquin Power stock. Still, in general, we apply an absolute valuation method to find Algonquin Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Algonquin Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algonquin Power's related companies.
| Open | High | Low | Close | Volume | |
| 4.48 | 4.64 | 4.48 | 4.59 | 800.00 | |
11/28/2024 | 4.59 | 4.64 | 4.59 | 4.61 | 800.00 |
| 4.62 | 4.65 | 4.62 | 4.64 | 800.00 |
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Algonquin Power Trading Date Momentum on November 28, 2024
| On November 29 2024 Algonquin Power Utilities was traded for 4.64 at the closing time. The highest daily price throughout the period was 4.65 and the lowest price was 4.62 . The daily volume was 800. The net trading volume on 11/29/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 0.65% . The overall trading delta to current closing price is 0.22% . |
Algonquin Power Utilities Fundamentals Correlations and Trends
By evaluating Algonquin Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algonquin Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algonquin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Algonquin Power Stock history
Algonquin Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algonquin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algonquin Power Utilities will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algonquin Power stock prices may prove useful in developing a viable investing in Algonquin Power
Algonquin Power Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. The company was incorporated in 1988 and is headquartered in Oakville, Canada. ALGONQUIN POWER operates under Utilities - Independent Power Producers classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2277 people.
Algonquin Power Stock Technical Analysis
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.
Price Boundaries
Algonquin Power Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Algonquin Power Utilities cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Algonquin Power December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Algonquin Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Algonquin Power shares will generate the highest return on investment. By undertsting and applying Algonquin Power stock market strength indicators, traders can identify Algonquin Power Utilities entry and exit signals to maximize returns
Algonquin Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algonquin Power's price direction in advance. Along with the technical and fundamental analysis of Algonquin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algonquin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.64) |
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| Volume Indicators |
Complementary Tools for Algonquin Stock analysis
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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