Algonquin Power Utilities Preferred Stock Performance
| AQN-PD Preferred Stock | CAD 23.30 0.08 0.34% |
The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Algonquin Power are expected to decrease at a much lower rate. During the bear market, Algonquin Power is likely to outperform the market. Algonquin Power Utilities right now shows a risk of 0.66%. Please confirm Algonquin Power Utilities maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Algonquin Power Utilities will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Algonquin Power Utilities has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Algonquin Power is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 101.2 M | |
| Free Cash Flow | -398.1 M |
Algonquin |
Algonquin Power Relative Risk vs. Return Landscape
If you would invest 2,328 in Algonquin Power Utilities on August 28, 2024 and sell it today you would earn a total of 2.00 from holding Algonquin Power Utilities or generate 0.09% return on investment over 90 days. Algonquin Power Utilities is generating 0.0035% of daily returns and assumes 0.6561% volatility on return distribution over the 90 days horizon. Simply put, 5% of preferred stocks are less volatile than Algonquin, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Algonquin Power Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Algonquin Power's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Algonquin Power Utilities, and traders can use it to determine the average amount a Algonquin Power's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0053
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| Negative Returns | AQN-PD |
Estimated Market Risk
| 0.66 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Algonquin Power is not performing at its full potential. However, 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 Algonquin Power to a well-diversified portfolio.
Algonquin Power Fundamentals Growth
Algonquin Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of Algonquin Power, and Algonquin Power fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Algonquin Preferred Stock performance.
| Revenue | 2.7 B | ||||
| EBITDA | 379.6 M | ||||
| Total Debt | 621.86 M | ||||
| Cash Flow From Operations | 628.03 M | ||||
| Total Asset | 18.37 B | ||||
| Retained Earnings | (1.28 B) | ||||
About Algonquin Power Performance
By analyzing Algonquin Power's fundamental ratios, stakeholders can gain valuable insights into Algonquin Power's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Algonquin Power has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Algonquin Power has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Algonquin Power Utilities performance evaluation
Checking the ongoing alerts about Algonquin Power for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Algonquin Power Utilities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Algonquin Power has high likelihood to experience some financial distress in the next 2 years |
- Analyzing Algonquin Power's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Algonquin Power's stock is overvalued or undervalued compared to its peers.
- Examining Algonquin Power's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Algonquin Power's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Algonquin Power's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Algonquin Power's preferred stock. These opinions can provide insight into Algonquin Power's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Algonquin Preferred 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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