Algonquin Power Utilities Stock Price on November 23, 2018
| AQN Stock | USD 5.82 0.11 1.85% |
Below is the normalized historical share price chart for Algonquin Power Utilities extending back to November 10, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Algonquin Power stands at 5.82, as last reported on the 16th of April 2024, with the highest price reaching 5.97 and the lowest price hitting 5.77 during the day.
If you're considering investing in Algonquin Stock, it is important to understand the factors that can impact its price. Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of -0.0086, which signifies that the company had a -0.0086% 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 mean deviation of 1.6, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
At this time, Algonquin Power's Total Stockholder Equity is very stable compared to the past year. As of the 16th of April 2024, Common Stock Total Equity is likely to grow to about 6 B, while Other Stockholder Equity is likely to drop about 6.9 M. . At this time, Algonquin Power's Price Earnings Ratio is very stable compared to the past year. As of the 16th of April 2024, Price To Operating Cash Flows Ratio is likely to grow to 7.96, while Price To Sales Ratio is likely to drop 1.51. Algonquin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of October 1998 | 200 Day MA 6.4945 | 50 Day MA 6.0184 | Beta 0.469 |
Algonquin |
Sharpe Ratio = -0.0086
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Estimated Market Risk
| 2.03 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.02 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.
Price Book 0.8421 | Enterprise Value Ebitda 17.7546 | Price Sales 1.5271 | Shares Float 626.4 M | Dividend Share 0.434 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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| LINK | Chainlink |
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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 690.8 M | 725.3 M | |
| Net Loss | -253.8 M | -241.1 M |
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
Algonquin Power April 16, 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 | (0.04) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.07) |
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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 Global Correlations module to find global opportunities by holding instruments from different markets.
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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 0.03 | Revenue Per Share 3.917 | Quarterly Revenue Growth (0.11) |
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.