IDACORP Competitors
| IDA Stock | USD 141.42 3.72 2.70% |
IDACORP vs Allete Correlation
Modest diversification
The correlation between IDACORP and ALE is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IDACORP and ALE in the same portfolio, assuming nothing else is changed.
Moving together with IDACORP Stock
| 0.83 | EVRG | Evergy Earnings Call Next Week | PairCorr |
| 0.7 | CIG | Companhia Energetica | PairCorr |
| 0.8 | DTW | DTE Energy | PairCorr |
Moving against IDACORP Stock
At present, IDACORP's Return On Capital Employed is projected to slightly decrease based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Tangible Assets are forecasted to decline to 0.03. At present, IDACORP's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 10 B, whereas Non Currrent Assets Other are forecasted to decline to about 1 B.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IDACORP's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
IDACORP Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between IDACORP 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 IDACORP 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 IDACORP 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 IDACORP Stock performing well and IDACORP 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 IDACORP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POR | 0.77 | 0.12 | 0.04 | 0.91 | 0.74 | 1.60 | 5.33 | |||
| TXNM | 0.19 | 0.06 | (0.16) | (49.87) | 0.00 | 0.52 | 1.45 | |||
| MGEE | 0.80 | (0.08) | 0.00 | (0.41) | 0.00 | 1.49 | 4.52 | |||
| CMS | 0.76 | 0.04 | (0.04) | 0.50 | 1.01 | 1.32 | 5.00 | |||
| OGE | 0.71 | 0.03 | (0.05) | 0.25 | 0.86 | 1.36 | 3.57 | |||
| AVA | 0.78 | 0.05 | (0.03) | 0.70 | 1.12 | 1.67 | 4.77 | |||
| BKH | 1.02 | 0.11 | 0.02 | 2.29 | 1.22 | 2.01 | 6.52 | |||
| ALE | 0.24 | 0.09 | 0.00 | 4.09 | 0.00 | 0.73 | 2.98 |
Cross Equities Net Income Analysis
Compare IDACORP and related stocks such as Portland General Electric, TXNM Energy, and MGE Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| POR | 99.5 M | 147 M | 141 M | 105 M | 175 M | 172 M | 193 M | 187 M | 212 M | 214 M | 155 M | 244 M | 233 M | 228 M | 313 M | 359.9 M | 377.9 M |
| TXNM | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 77.9 M | 173.3 M | 196.4 M | 170.1 M | 88.3 M | 242.7 M | 279.1 M | 173.9 M |
| MGEE | 21.3 M | 60.9 M | 64.4 M | 74.9 M | 80.3 M | 71.3 M | 75.6 M | 97.6 M | 84.2 M | 86.9 M | 92.4 M | 105.8 M | 111 M | 117.7 M | 120.6 M | 138.7 M | 145.6 M |
| CMS | (269.8 M) | 415 M | 382 M | 452 M | 477 M | 523 M | 551 M | 460 M | 657 M | 680 M | 755 M | 1.4 B | 837 M | 887 M | 1 B | 1.1 B | 1.1 B |
| OGE | 108.6 M | 342.9 M | 355 M | 387.6 M | 395.8 M | 271.3 M | 338.2 M | 619 M | 425.5 M | 433.6 M | (173.7 M) | 737.3 M | 665.7 M | 416.8 M | 441.5 M | 507.7 M | 267.2 M |
| AVA | 81.4 M | 100.2 M | 78.2 M | 111.1 M | 192 M | 123.2 M | 137.2 M | 115.9 M | 136.4 M | 197 M | 129.5 M | 147.3 M | 155.2 M | 171.2 M | 180 M | 207 M | 217.3 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 |
IDACORP and related stocks such as Portland General Electric, TXNM Energy, and MGE Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in IDACORP financial statement analysis. It represents the amount of money remaining after all of IDACORP operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.IDACORP Competitive Analysis
The better you understand IDACORP competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, IDACORP'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 IDACORP'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 |
IDACORP Competition Performance Charts
Five steps to successful analysis of IDACORP Competition
IDACORP'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 IDACORP in relation to its competition. IDACORP's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of IDACORP 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 IDACORP's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to IDACORP, 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 IDACORP Correlation with its peers. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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 IDACORP. Market participants price IDACORP higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive IDACORP assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.066 | Dividend Share 3.44 | Earnings Share 5.84 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
Understanding IDACORP requires distinguishing between market price and book value, where the latter reflects IDACORP's accounting equity. The concept of intrinsic value - what IDACORP'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 IDACORP's price substantially above or below its fundamental value.
Please note, there is a significant difference between IDACORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDACORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, IDACORP's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.