Algonquin Power Utilities Stock Price on May 8, 2024
| AQNB Stock | USD 25.70 0.07 0.27% |
Below is the normalized historical share price chart for Algonquin Power Utilities extending back to May 28, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Algonquin Power stands at 25.70, as last reported on the 26th of November, with the highest price reaching 25.92 and the lowest price hitting 25.68 during the day.
If you're considering investing in Algonquin Stock, it is important to understand the factors that can impact its price. At this point, Algonquin Power is very steady. Algonquin Power Utilities secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Algonquin Power Utilities, which you can use to evaluate the volatility of the firm. Please confirm Algonquin Power's mean deviation of 0.3155, and Risk Adjusted Performance of 0.0771 to double-check if the risk estimate we provide is consistent with the expected return of 0.0549%.
At present, Algonquin Power's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0, whereas Total Stockholder Equity is forecasted to decline to about 4.1 B. . At present, Algonquin Power's Price Earnings Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 17.30, whereas Price To Sales Ratio is forecasted to decline to 2.16. Algonquin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of May 2019 | 200 Day MA 25.3488 | 50 Day MA 25.7339 |
Algonquin |
Sharpe Ratio = 0.1009
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Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Algonquin Power is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algonquin Power by adding it to a well-diversified portfolio.
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Algonquin Power Valuation on May 8, 2024
It is possible to determine the worth of Algonquin Power on a given historical date. On May 8, 2024 Algonquin was worth 23.92 at the beginning of the trading date compared to the closed value of 24.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Algonquin Power stock. Still, in general, we apply an absolute valuation method to find Algonquin Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Algonquin Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Algonquin Power's related companies.
| Open | High | Low | Close | Volume | |
| 24.05 | 24.08 | 23.93 | 23.96 | 47,100 | |
05/08/2024 | 23.92 | 24.04 | 23.92 | 24.04 | 43,300 |
| 23.97 | 24.08 | 23.97 | 24.05 | 26,800 |
| Backtest Algonquin Power | | | Algonquin Power History | | | Algonquin Power Valuation | Previous | Next |
Algonquin Power Trading Date Momentum on May 8, 2024
| On May 09 2024 Algonquin Power Utilities was traded for 24.05 at the closing time. The top price for the day was 24.08 and the lowest listed price was 23.97 . The trading volume for the day was 26.8 K. The trading history from May 9, 2024 was a factor to the next trading day price jump. The overall trading delta against the next closing price was 0.04% . The overall trading delta against the current closing price is 0.46% . |
Algonquin Power Utilities Fundamentals Correlations and Trends
By evaluating Algonquin Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Algonquin Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Algonquin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Algonquin Power Stock history
Algonquin Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Algonquin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Algonquin Power Utilities will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Algonquin Power stock prices may prove useful in developing a viable investing in Algonquin Power
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 690.8 M | 543.8 M | |
| Net Income Applicable To Common Shares | 600.8 M | 630.8 M |
Algonquin Power Stock Technical Analysis
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.
Price Boundaries
Algonquin Power Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Algonquin Power Utilities cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Algonquin Power November 26, 2024 Market Strength
Market strength 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 undertsting and applying Algonquin Power stock market strength indicators, traders can identify Algonquin Power Utilities entry and exit signals to maximize returns
Algonquin Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Algonquin Power's price direction in advance. Along with the technical and fundamental analysis of Algonquin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Algonquin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.0423 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 1.35 |
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Complementary Tools for Algonquin Stock analysis
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.
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