David Laney - Algonquin Power Independent Director
| AQN Stock | CAD 6.78 0.13 1.95% |
Director
Mr. David Randy Laney serves as Independent Director of the company. He joined the Empire board in 2003 and served as the NonExecutive Vice Chairman from 2008 to 2009 and NonExecutive Chairman from April 23, 2009, until APUCs acquisition of Empire on January 1, 2017. Mr. Laney, semiretired since 2008, held numerous senior level positions with both public and private companies during his career, including 23 years with WalMart Stores, Inc. in various executive positions including Vice President of Finance, Benefits and Risk Management and Vice President of Finance and Treasurer. In addition, Mr. Laney has provided strategic advisory services to both private and public companies and served on numerous profit and nonprofit boards. Mr. Laney brings significant management and capital markets experience, and strategic and operational understanding to his position on the Board. since 2017.
| Age | 64 |
| Tenure | 7 years |
| Address | 354 Davis Road, Oakville, ON, Canada, L6J 2X1 |
| Phone | 905 465 4500 |
| Web | https://algonquinpower.com |
Algonquin Power Management Efficiency
The company has return on total asset (ROA) of 0.016 % which means that it generated a profit of $0.016 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.041 %, meaning that it generated $0.041 on every $100 dollars invested by stockholders. Algonquin Power's management efficiency ratios could be used to measure how well Algonquin Power manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Capital Employed is likely to grow to 0.03, while Return On Tangible Assets are likely to drop 0. At this time, Algonquin Power's Intangibles To Total Assets are very stable compared to the past year. As of the 26th of November 2024, Debt To Assets is likely to grow to 0.49, while Intangible Assets are likely to drop about 76 M.Similar Executives
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Management Performance
| Return On Equity | 0.041 | ||||
| Return On Asset | 0.016 |
Algonquin Power Utilities Leadership Team
Elected by the shareholders, the Algonquin Power's board of directors comprises two types of representatives: Algonquin Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Algonquin. The board's role is to monitor Algonquin Power's management team and ensure that shareholders' interests are well served. Algonquin Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Algonquin Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Laney, Independent Director | ||
| Arthur Kacprzak, Advisor | ||
| Alison Holditch, IR Contact Officer | ||
| Brian CPA, Vice Relations | ||
| Christopher Ball, Independent Director | ||
| Mary Paravalos, Chief Compliance and Risk Officer | ||
| Masheed Saidi, Independent Director | ||
| Jeffery Norman, President Renewables | ||
| Anthony Johnston, Chief Operating Officer | ||
| Jefferey Norman, Chief Development Officer | ||
| George Steeves, Independent Director | ||
| Melissa Barnes, Independent Director | ||
| Darren Myers, Chief Officer | ||
| Christopher Jarratt, Vice Chairman of the Board | ||
| Amelia Tsang, VP Relations | ||
| David Bronicheski, CFO and CFO of Algonquin Power Management Inc | ||
| Kirsten Olsen, Chief Human Resource Officer | ||
| Ian Robertson, Chief Executive Officer, Director | ||
| Brenda Marshall, Senior Development | ||
| Stephanie Bose, Director Communications | ||
| BA LLB, Chief Officer | ||
| George Trisic, Senior Vice President - Business Services for the Corporation | ||
| Arun Banskota, President | ||
| Colin Penny, Executive Transformation | ||
| Dilek Samil, Independent Director | ||
| Darren CPA, Chief Officer | ||
| Jennifer Tindale, Chief Legal Officer | ||
| Christopher Huskilson, Independent Director | ||
| David Pasieka, President of Distribution and President of Liberty Utilities (Canada ) Corporate | ||
| Kenneth Moore, Independent Chairman of the Board |
Algonquin Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Algonquin Power a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.041 | ||||
| Return On Asset | 0.016 | ||||
| Profit Margin | (0.39) % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 15.72 B | ||||
| Shares Outstanding | 767.23 M | ||||
| Shares Owned By Insiders | 0.06 % | ||||
| Shares Owned By Institutions | 62.61 % | ||||
| Number Of Shares Shorted | 21.77 M | ||||
| Price To Earning | 6.08 X |
Pair Trading with Algonquin Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.Moving against Algonquin Stock
| 0.81 | RY-PM | Royal Bank | PairCorr |
| 0.81 | RY-PJ | Royal Bank | PairCorr |
| 0.8 | RY-PS | Royal Bank | PairCorr |
| 0.79 | JPM | JPMorgan Chase | PairCorr |
| 0.76 | BOFA | Bank of America | PairCorr |
The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.
The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.