Algonquin Power Total Risk Alpha
| AQN Stock | | | CAD 8.68 0.08 0.93% |
The Total Risk Alpha indicator for Algonquin Power Utilities is derived from observed market data. Some instruments may report limited inputs depending on trading history. Algonquin Power has a market cap of 6.67 B, operating margin of 17.79%, current ratio of 0.77.
Trending Equities adds portfolio-level perspective. Tracking Algonquin Power Utilities in a portfolio helps measure its contribution to overall performance. All figures are based on reported data and are informational in nature. Broader economic conditions can influence Algonquin Power Utilities's company valuation — related indicators include
signals in inflation.
Algonquin Power Utilities has current Total Risk Alpha of 0.2271. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.2271 | |
| ER[a] | = | Expected return on investing in Algonquin Power |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Algonquin Power |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Algonquin Power Utilities is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
66.75 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Algonquin Power Utilities sits at
66.75 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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