Algonquin Power Utilities Corp. stock rises Thursday, still underperforms market - MarketWatch
| AQN Stock | CAD 6.91 0.03 0.44% |
About 53% of Algonquin Power's investor base is interested to short. The analysis of overall sentiment of trading Algonquin Power Utilities stock suggests that many investors are impartial at this time. Algonquin Power's investing sentiment overview a quick insight into current market opportunities from investing in Algonquin Power Utilities. Many technical investors use Algonquin Power Utilities stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Algonquin Power Utilities Corp. stock rises Thursday, still underperforms market MarketWatch
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Algonquin Power Fundamental Analysis
We analyze Algonquin Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algonquin Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algonquin Power based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Algonquin Power is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Algonquin Power Utilities Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Algonquin Power stock to make a market-neutral strategy. Peer analysis of Algonquin Power could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics with similar companies.
Peers
Algonquin Power Related Equities
| ENB | Enbridge | 2.56 | ||||
| FTS | Fortis | 1.12 | ||||
| T | Telus Corp | 0.04 | ||||
| BEP-UN | Brookfield Renewable | 0.43 |
Check out Algonquin Power Hype Analysis, Algonquin Power Correlation and Algonquin Power Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.