Algonquin Competitors
| AQN Stock | USD 6.75 0.05 0.75% |
Algonquin Power vs Renew Energy Correlation
Pay attention - limited upside
The correlation between Algonquin Power Utilities and RNW is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Algonquin Power Utilities and RNW in the same portfolio, assuming nothing else is changed.
Moving together with Algonquin Stock
| 0.63 | D | Dominion Energy | PairCorr |
| 0.86 | ED | Consolidated Edison | PairCorr |
| 0.77 | NI | NiSource Earnings Call This Week | PairCorr |
| 0.86 | NG | National Grid PLC | PairCorr |
| 0.67 | AEE | Ameren Corp | PairCorr |
Moving against Algonquin Stock
As of the 23rd of February 2026, Return On Capital Employed is likely to grow to 0.04, though Return On Tangible Assets are likely to grow to (0.1). At this time, Algonquin Power's Net Tangible Assets are very stable compared to the past year. As of the 23rd of February 2026, Asset Turnover is likely to grow to 0.13, while Intangible Assets are likely to drop about 65.7 M.Algonquin Power Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Algonquin Power and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Algonquin and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Algonquin Power Utilities does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Algonquin Stock performing well and Algonquin Power Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Algonquin Power's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENLT | 2.61 | 0.90 | 0.30 | 0.69 | 2.47 | 5.93 | 21.76 | |||
| BKH | 0.93 | 0.11 | 0.02 | (0.54) | 1.14 | 1.91 | 6.53 | |||
| ALE | 0.24 | 0.10 | 0.11 | (0.72) | 0.00 | 0.73 | 2.98 | |||
| NJR | 0.89 | 0.23 | 0.12 | (0.79) | 0.95 | 1.74 | 7.11 | |||
| SR | 0.87 | 0.06 | 0.00 | 0.71 | 1.11 | 1.58 | 5.12 | |||
| DTW | 0.48 | 0.03 | (0.03) | 0.17 | 0.49 | 0.85 | 3.27 | |||
| NWE | 0.94 | 0.11 | 0.02 | (0.73) | 1.16 | 1.75 | 5.72 | |||
| EE | 1.57 | 0.64 | 0.31 | 2.76 | 1.35 | 3.67 | 7.53 | |||
| PCG | 1.29 | 0.17 | 0.07 | 2.36 | 1.39 | 2.69 | 6.66 | |||
| RNW | 1.58 | (0.46) | 0.00 | (0.73) | 0.00 | 2.80 | 28.35 |
Cross Equities Net Income Analysis
Compare Algonquin Power Utilities and related stocks such as Enlight Renewable Energy, Black Hills, and Allete Inc Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ENLT | (1.7 M) | (6.5 M) | 12.4 M | 21.2 M | 52.2 M | 15.6 M | 3.9 M | 1.1 M | 2.6 M | (5 M) | (43.9 M) | 11.2 M | 24.7 M | 70.9 M | 44.2 M | 453.5 M | 476.2 M |
| BKH | 18 M | 49.7 M | 102.4 M | 117.4 M | 130.9 M | (32.1 M) | 73 M | 177 M | 258.4 M | 199.3 M | 227.6 M | 236.7 M | 258.4 M | 262.2 M | 273.1 M | 291.6 M | 306.2 M |
| NJR | 10.4 M | 92.9 M | 114.8 M | 142 M | 181 M | 131.7 M | 132.1 M | 233.4 M | 169.5 M | 163 M | 117.9 M | 274.9 M | 264.7 M | 289.8 M | 335.6 M | 386 M | 405.3 M |
| SR | 29 M | 62.6 M | 52.8 M | 84.6 M | 136.9 M | 144.2 M | 161.6 M | 214.2 M | 184.6 M | 88.6 M | 271.7 M | 220.8 M | 217.5 M | 250.9 M | 271.7 M | 312.5 M | 328.1 M |
| DTW | 437.5 M | 711 M | 610 M | 661 M | 905 M | 727 M | 868 M | 1.1 B | 1.1 B | 1.2 B | 1.4 B | 907 M | 1.1 B | 1.4 B | 1.4 B | 1.5 B | 744.9 M |
| NWE | 13.3 M | 92.6 M | 98.4 M | 94 M | 120.7 M | 151.2 M | 164.2 M | 162.7 M | 197 M | 202.1 M | 155.2 M | 186.8 M | 183 M | 194.1 M | 224.1 M | 181.1 M | 190.1 M |
| EE | (28.2 M) | 103.5 M | 90.8 M | 88.6 M | 91.4 M | 81.9 M | 96.8 M | 98.3 M | 84.3 M | 54.8 M | 38.8 M | 41.1 M | 26.3 M | 30.4 M | 32.9 M | 37.8 M | 62.5 M |
| PCG | 1 B | 858 M | 830 M | 828 M | 1.4 B | 888 M | 1.4 B | 1.7 B | (6.8 B) | (7.6 B) | (1.3 B) | (88 M) | 1.8 B | 2.3 B | 2.5 B | 2.7 B | 2.8 B |
| RNW | 71.8 M | 71.8 M | 71.8 M | (14.1 M) | 816.4 M | 816.4 M | 338.2 M | 300 M | 2.6 B | (2.7 B) | (7.8 B) | (16.1 B) | (4.8 B) | 3.4 B | 3.8 B | 3.4 B | 3.6 B |
Algonquin Power Utilities and related stocks such as Enlight Renewable Energy, Black Hills, and Allete Inc Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Algonquin Power Utilities financial statement analysis. It represents the amount of money remaining after all of Algonquin Power Utilities operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Algonquin Power Competitive Analysis
The better you understand Algonquin Power competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Algonquin Power's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Algonquin Power's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Algonquin Power Competition Performance Charts
Five steps to successful analysis of Algonquin Power Competition
Algonquin Power's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Algonquin Power Utilities in relation to its competition. Algonquin Power's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Algonquin Power in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Algonquin Power's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Algonquin Power Utilities, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Algonquin Power Correlation with its peers. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Will Multi-Utilities sector continue expanding? Could Algonquin diversify its offerings? 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. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Algonquin Power data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.90) | Dividend Share 0.26 | Earnings Share 0.07 | Revenue Per Share | Quarterly Revenue Growth 0.017 |
Algonquin Power Utilities's market price often diverges from its book value, the accounting figure shown on Algonquin's balance sheet. Smart investors calculate Algonquin Power's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Algonquin Power's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that Algonquin Power's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Algonquin Power represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.