Algonquin Power Utilities Stock Alpha and Beta Analysis
| AQN Stock | USD 4.75 0.02 0.42% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Algonquin Power Utilities. It also helps investors analyze the systematic and unsystematic risks associated with investing in Algonquin Power over a specified time horizon. Remember, high Algonquin Power's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Algonquin Power's market risk premium analysis include:
Beta 0.67 | Alpha (0.21) | Risk 1.35 | Sharpe Ratio (0.12) | Expected Return (0.16) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Algonquin |
Algonquin Power Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Algonquin Power market risk premium is the additional return an investor will receive from holding Algonquin Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Algonquin Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Algonquin Power's performance over market.| α | -0.21 | β | 0.67 |
Algonquin Power expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Algonquin Power's Buy-and-hold return. Our buy-and-hold chart shows how Algonquin Power performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Algonquin Power Market Price Analysis
Market price analysis 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 understating and applying Algonquin Power stock market price indicators, traders can identify Algonquin Power position entry and exit signals to maximize returns.
Algonquin Power Return and Market Media
The median price of Algonquin Power for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 5.15 with a coefficient of variation of 4.9. The daily time series for the period is distributed with a sample standard deviation of 0.25, arithmetic mean of 5.12, and mean deviation of 0.22. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Algonquin Power dividend paid on 15th of October 2024 | 10/15/2024 |
1 | Is Algonquin Power Utilities the Best High Growth Utility Stock To Invest In | 10/17/2024 |
2 | Entergy Q3 Earnings Top Estimates | 10/31/2024 |
3 | Algonquin Power Utilities Q3 2024 Earnings Call Transcript | 11/07/2024 |
4 | Algonquin Power Utilities Corp Q3 2024 Earnings Call Highlights Navigating Growth ... | 11/08/2024 |
5 | Deal will lead to smaller increase for Liberty Utilities power customers | 11/19/2024 |
About Algonquin Power Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Algonquin or other stocks. Alpha measures the amount that position in Algonquin Power Utilities has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0352 | 0.0946 | 0.054 | 0.0806 | Price To Sales Ratio | 3.93 | 1.48 | 2.27 | 2.16 |
Algonquin Power Upcoming Company Events
As portrayed in its financial statements, the presentation of Algonquin Power's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Algonquin Power's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Algonquin Power's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Algonquin Power. Please utilize our Beneish M Score to check the likelihood of Algonquin Power's management manipulating its earnings.
| 8th of March 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Algonquin Power Backtesting, Algonquin Power Valuation, Algonquin Power Correlation, Algonquin Power Hype Analysis, Algonquin Power Volatility, Algonquin Power History and analyze Algonquin Power Performance. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.