Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
IDACORP (NYSE:IDA) investors are sitting on a loss of 8.6% if they invested a...
The simplest way to benefit from a rising market is to buy an index fund. But if you buy individual stocks, you can do both better or worse than that. For example, the IDACORP, Inc. (NYSE:IDA) share price is down 12% in the last year. That falls noticeably short of the market return of around 24%. Even if shareholders bought some time ago, they wouldn't be particularly happy: the stock is down 9.5% in three years.
It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that.