Algonquin Power & Utilities (TSX:AQN) 6-1 Month Momentum %

: 7.66% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-17), Algonquin Power & Utilities's 6-1 Month Momentum % is 7.66%.

The industry rank for Algonquin Power & Utilities's 6-1 Month Momentum % or its related term are showing as below:

TSX:AQN's 6-1 Month Momentum % is ranked better than
50.77% of 520 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.45 vs TSX:AQN: 7.66

Competitive Comparison

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algonquin Power & Utilities 6-1 Month Momentum % Distribution

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's 6-1 Month Momentum % falls into.

Algonquin Power & Utilities (TSX:AQN) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Algonquin Power & Utilities (TSX:AQN) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Algonquin Power & Utilities 6-1 Month Momentum % Related Terms

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Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA AQN:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.