Algonquin Power Utilities Stock Performance
| AQN Stock | CAD 7.37 0.05 0.68% |
On a scale of 0 to 100, Algonquin Power holds a performance score of 12. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Algonquin Power's returns are expected to increase less than the market. However, during the bear market, the loss of holding Algonquin Power is expected to be smaller as well. Please check Algonquin Power's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , 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 12 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Algonquin Power displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Algonquin Power dividend paid on 15th of January 2025 | 01/15/2025 |
| Begin Period Cash Flow | 76.1 M |
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Algonquin Power Relative Risk vs. Return Landscape
If you would invest 634.00 in Algonquin Power Utilities on December 26, 2024 and sell it today you would earn a total of 103.00 from holding Algonquin Power Utilities or generate 16.25% return on investment over 90 days. Algonquin Power Utilities is generating 0.256% of daily returns assuming 1.6195% volatility of returns over the 90 days investment horizon. Simply put, 14% of all stocks have less volatile historical return distribution than Algonquin Power, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 = 0.1581
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Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Algonquin Power is performing at about 12% 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 | -0.0015 | ||||
| Return On Asset | 0.0154 | ||||
| Profit Margin | (0.60) % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 15.47 B | ||||
| Shares Outstanding | 767.45 M | ||||
| Price To Earning | 6.08 X | ||||
| Price To Book | 0.87 X | ||||
| Price To Sales | 2.44 X | ||||
| Revenue | 2.32 B | ||||
| EBITDA | 831.16 M | ||||
| Cash And Equivalents | 57.62 M | ||||
| Cash Per Share | 0.12 X | ||||
| Total Debt | 491.73 M | ||||
| Debt To Equity | 1.03 % | ||||
| Book Value Per Share | 5.89 X | ||||
| Cash Flow From Operations | 481.72 M | ||||
| Earnings Per Share | 0.10 X | ||||
| Total Asset | 16.96 B | ||||
| Retained Earnings | (2.93 B) | ||||
| Current Asset | 423.73 M | ||||
| Current Liabilities | 391.88 M | ||||
About Algonquin Power Performance
By examining Algonquin Power's fundamental ratios, stakeholders can obtain critical insights into Algonquin Power's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Algonquin Power is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Algonquin Power Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada. ALGONQUIN POWER operates under UtilitiesRenewable classification in Canada and is traded on Toronto Stock Exchange. It employs 3445 people.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.| Algonquin Power Utilities has accumulated 491.73 M in total debt with debt to equity ratio (D/E) of 1.03, which is about average as compared to similar companies. Algonquin Power Utilities has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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. | |
| The entity reported the revenue of 2.32 B. Net Loss for the year was (1.38 B) with profit before overhead, payroll, taxes, and interest of 845.26 M. | |
| About 65.0% of Algonquin Power shares are held by institutions such as insurance companies |
- 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.