Algonquin Power Revenue vs. Retained Earnings
| AQN-PD Preferred Stock | CAD 23.96 0.12 0.50% |
For Algonquin Power profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Algonquin Power to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Algonquin Power Utilities utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Algonquin Power's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Algonquin Power Utilities over time as well as its relative position and ranking within its peers.
Algonquin |
Algonquin Power Utilities Retained Earnings vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Algonquin Power's current stock value. Our valuation model uses many indicators to compare Algonquin Power value to that of its competitors to determine the firm's financial worth. Algonquin Power Utilities is the top company in revenue category among its peers. It also is number one stock in retained earnings category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Algonquin Power by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Algonquin Power's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Algonquin Revenue vs. Competition
Algonquin Power Utilities is the top company in revenue category among its peers. Market size based on revenue of Utilities industry is presently estimated at about 14.39 Billion. Algonquin Power retains roughly 2.7 Billion in revenue claiming about 19% of Utilities industry.
Algonquin Retained Earnings vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Algonquin Power |
| = | 2.7 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Algonquin Power |
| = | (1.28 B) |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Algonquin Retained Earnings Comparison
Algonquin Power is currently under evaluation in retained earnings category among its peers.
Algonquin Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Algonquin Power. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Algonquin Power position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Algonquin Power's important profitability drivers and their relationship over time.
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Use Algonquin Power in pair-trading
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.Algonquin Power Pair Trading
Algonquin Power Utilities Pair Trading Analysis
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.Use Investing Themes to Complement your Algonquin Power position
In addition to having Algonquin Power in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies specializing in air services and air delivery. The Air theme has 43 constituents at this time.
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Other Information on Investing in Algonquin Preferred Stock
To fully project Algonquin Power's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Algonquin Power Utilities at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Algonquin Power's income statement, its balance sheet, and the statement of cash flows.