Algonquin Competitors
| AQNB Stock | USD 25.97 0.09 0.35% |
Algonquin Power vs Global Water Correlation
Modest diversification
The correlation between Algonquin Power Utilities and GWRS is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Algonquin Power Utilities and GWRS in the same portfolio, assuming nothing else is changed.
Moving together with Algonquin Stock
Moving against Algonquin Stock
| 0.8 | CEG | Constellation Energy Corp Earnings Call Tomorrow | PairCorr |
| 0.76 | VGAS | Verde Clean Fuels | PairCorr |
| 0.65 | RNWWW | ReNew Energy Global | PairCorr |
| 0.57 | EDN | Empresa Distribuidora | PairCorr |
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
| High negative 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMP | 0.29 | (0.03) | 0.00 | (0.07) | 0.00 | 0.58 | 1.59 | |||
| GPJA | 0.36 | 0.01 | (0.04) | 0.10 | 0.39 | 0.85 | 1.82 | |||
| RGCO | 1.40 | 0.08 | 0.03 | 0.40 | 1.30 | 3.49 | 9.93 | |||
| VIASP | 0.28 | 0.03 | (0.02) | 3.27 | 0.26 | 0.68 | 2.04 | |||
| VGAS | 4.01 | (1.50) | 0.00 | 3.38 | 0.00 | 6.67 | 27.54 | |||
| ELLO | 2.53 | 0.50 | 0.19 | 1.06 | 2.03 | 7.54 | 18.68 | |||
| PCYO | 1.40 | 0.01 | 0.00 | 0.05 | 1.55 | 3.66 | 8.34 | |||
| OPAL | 4.20 | (0.07) | 0.00 | 0.02 | 5.45 | 11.57 | 23.34 | |||
| SUUN | 5.20 | (0.47) | 0.00 | (0.42) | 0.00 | 12.94 | 31.32 | |||
| GWRS | 1.22 | (0.17) | 0.00 | (0.11) | 0.00 | 2.22 | 8.04 |
Cross Equities Net Income Analysis
Compare Algonquin Power Utilities and related stocks such as Entergy Mississippi LLC, Georgia Power, and RGC Resources Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMP | 401 M | 1.3 B | 43.9 M | 79.3 M | 72 M | 89.9 M | 106.7 M | 109.1 M | 125.2 M | 119.9 M | 140.6 M | 166.8 M | 197.6 M | 192.3 M | 1.1 B | 950 M | 997.5 M |
| GPJA | 1.2 B | 1.2 B | 1.2 B | 1.2 B | 1.2 B | 1.3 B | 1.3 B | 1.4 B | 793 M | 1.7 B | 1.6 B | 584 M | 1.8 B | 2.1 B | 4.4 B | 5.1 B | 5.3 B |
| RGCO | 1.7 M | 4.3 M | 4.3 M | 4.7 M | 5.1 M | 5.8 M | 6.2 M | 7.3 M | 8.7 M | 10.4 M | 10.1 M | (31.7 M) | 11.3 M | 11.8 M | 13.3 M | 15.3 M | 16 M |
| VGAS | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (3.5 M) | (12.9 M) | 2.7 M | (2.7 M) | (3.3 M) | (3.8 M) | (4 M) |
| ELLO | (100 K) | (749.9 K) | (1.6 M) | 7.3 M | 5.5 M | 6.9 M | (575.3 K) | (6.1 M) | 1.1 M | 12.1 M | (4.6 M) | (15.1 M) | (357 K) | 2.2 M | (6.5 M) | (7.5 M) | (7.1 M) |
| PCYO | (515.4 K) | (17.4 M) | (4.2 M) | (311.4 K) | (22.8 M) | (1.3 M) | (1.7 M) | 414.7 K | 4.8 M | 6.8 M | 20.1 M | 9.6 M | 4.7 M | 11.6 M | 13.1 M | 15.1 M | 15.8 M |
| OPAL | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (5.2 M) | (25.4 M) | 210 K | 11.3 M | 29.9 M | 11 M | 12.7 M | 13.3 M |
| SUUN | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | (132 K) | 2.2 M | 2.2 M | (3.5 M) | (3.5 M) | (31 M) | (29.5 M) |
| GWRS | 0.0 | 0.0 | (38.5 M) | (6 M) | 64.9 M | 21.4 M | (2.9 M) | 4.6 M | 3.1 M | 2.2 M | 1.1 M | 3.6 M | 5.5 M | 8 M | 5.8 M | 6.7 M | 4.7 M |
Algonquin Power Utilities and related stocks such as Entergy Mississippi LLC, Georgia Power, and RGC Resources 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Electric Utilities space 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. Comprehensive Algonquin Power assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Understanding Algonquin Power Utilities requires distinguishing between market price and book value, where the latter reflects Algonquin's accounting equity. The concept of intrinsic value - what Algonquin Power's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Algonquin Power's price substantially above or below its 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. In contrast, Algonquin Power's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.