Algonquin Power Utilities Stock Analysis

Algonquin Stock Analysis Notes

About 61.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.84. Some equities with similar Price to Book (P/B) outperform the market in the long run. Algonquin Power Utilities last dividend was issued on the 27th of March 2024. 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 Pwr operates under UtilitiesRenewable classification in the United States and is traded on New York Stock Exchange. It employs 3445 people. For more info on Algonquin Power Utilities please contact Ian Robertson at 905-465-4500 or go to https://algonquinpower.com.

Algonquin Power Utilities Investment Alerts

Algonquin Power Utilities Upcoming and Recent Events

Algonquin Largest EPS Surprises

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Algonquin Power Thematic Classifications

Algonquin Stock Institutional Investors

Note, although Algonquin Power's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Algonquin Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 3.92 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Algonquin Power's market, we take the total number of its shares issued and multiply it by Algonquin Power's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Algonquin Profitablity

The company has Net Profit Margin of 0.01 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.18 %, which entails that for every 100 dollars of revenue, it generated $0.18 of operating income.

Management Efficiency

Algonquin Power Utilities has Return on Asset of 0.0166 % which means that on every $100 spent on assets, it made $0.0166 of profit. This is way below average. Algonquin Power's management efficiency ratios could be used to measure how well Algonquin Power manages its routine affairs as well as how well it operates its assets and liabilities. As of the 18th of April 2024, Return On Tangible Assets is likely to drop to 0. In addition to that, Return On Capital Employed is likely to drop to 0.03. At this time, Algonquin Power's Net Tangible Assets are very stable compared to the past year. As of the 18th of April 2024, Tangible Asset Value is likely to grow to about 2.2 B, while Intangible Assets are likely to drop about 74.1 M.

Technical Drivers

As of the 18th of April 2024, Algonquin Power shows the risk adjusted performance of (0.03), and Mean Deviation of 1.62. Algonquin Power Utilities technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and collect data for thirteen technical drivers for Algonquin Power Utilities, which can be compared to its peers. Please confirm Algonquin Power Utilities mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Algonquin Power Utilities is priced correctly, providing market reflects its regular price of 5.76 per share. Given that Algonquin Power has information ratio of (0.08), we suggest you to validate Algonquin Power Utilities's prevailing market performance to make sure the company can sustain itself at a future point.

Algonquin Power Utilities Price Movement Analysis

Algonquin Power Predictive Daily Indicators

Algonquin Power Corporate Filings

Algonquin Power Forecast Models

Algonquin Power's time-series forecasting models are one of many Algonquin Power's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae 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. These 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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Algonquin Power prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Algonquin shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Algonquin Power. By using and applying Algonquin Stock analysis, traders can create a robust methodology for identifying Algonquin entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Algonquin analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Algonquin analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Algonquin Power Utilities stock analysis indicators help investors 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 understating and applying Algonquin Power stock analysis, traders can identify Algonquin Power position entry and exit signals to maximize returns.

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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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.

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.

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.