NOVA vs. AQN.TO
Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and Algonquin Power & Utilities Corp. (AQN.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVA or AQN.TO.
Performance
NOVA vs. AQN.TO - Performance Comparison
Returns By Period
In the year-to-date period, NOVA achieves a -76.07% return, which is significantly lower than AQN.TO's -15.30% return.
NOVA
-76.07%
-36.41%
-12.05%
-65.98%
-18.70%
N/A
AQN.TO
-15.30%
-5.60%
-23.28%
-11.99%
-13.65%
1.58%
Fundamentals
| NOVA | AQN.TO | |
|---|---|---|
| Market Cap | $423.59M | CA$5.17B |
| EPS | -$3.38 | CA$0.76 |
| Total Revenue (TTM) | $809.98M | CA$2.58B |
| Gross Profit (TTM) | $377.72M | CA$1.97B |
| EBITDA (TTM) | -$55.97M | CA$824.49M |
Key characteristics
| NOVA | AQN.TO | |
|---|---|---|
| Sharpe Ratio | -0.51 | -0.38 |
| Sortino Ratio | -0.19 | -0.34 |
| Omega Ratio | 0.98 | 0.96 |
| Calmar Ratio | -0.69 | -0.17 |
| Martin Ratio | -1.19 | -0.83 |
| Ulcer Index | 54.30% | 13.00% |
| Daily Std Dev | 127.47% | 28.43% |
| Max Drawdown | -94.20% | -78.58% |
| Current Drawdown | -93.26% | -62.67% |
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Correlation
The correlation between NOVA and AQN.TO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NOVA vs. AQN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) and Algonquin Power & Utilities Corp. (AQN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NOVA vs. AQN.TO - Dividend Comparison
NOVA has not paid dividends to shareholders, while AQN.TO's dividend yield for the trailing twelve months is around 7.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOVA Sunnova Energy International Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AQN.TO Algonquin Power & Utilities Corp. | 7.86% | 6.94% | 10.66% | 4.65% | 3.91% | 3.95% | 4.82% | 4.27% | 4.82% | 4.50% | 3.83% | 4.53% |
Drawdowns
NOVA vs. AQN.TO - Drawdown Comparison
The maximum NOVA drawdown since its inception was -94.20%, which is greater than AQN.TO's maximum drawdown of -78.58%. Use the drawdown chart below to compare losses from any high point for NOVA and AQN.TO. For additional features, visit the drawdowns tool.
Volatility
NOVA vs. AQN.TO - Volatility Comparison
Sunnova Energy International Inc. (NOVA) has a higher volatility of 82.17% compared to Algonquin Power & Utilities Corp. (AQN.TO) at 6.74%. This indicates that NOVA's price experiences larger fluctuations and is considered to be riskier than AQN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NOVA vs. AQN.TO - Financials Comparison
This section allows you to compare key financial metrics between Sunnova Energy International Inc. and Algonquin Power & Utilities Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities