Innergex Renewable Energy Preferred Stock Price on July 14, 2023
| INE-PA Preferred Stock | CAD 15.75 0.10 0.63% |
If you're considering investing in Innergex Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Innergex Renewable stands at 15.75, as last reported on the 2nd of February, with the highest price reaching 15.86 and the lowest price hitting 15.75 during the day. At this point, Innergex Renewable is very steady. Innergex Renewable Energy holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Innergex Renewable Energy, which you can use to evaluate the volatility of the firm. Please check out Innergex Renewable's Risk Adjusted Performance of 0.1132, market risk adjusted performance of 0.898, and Downside Deviation of 0.7767 to validate if the risk estimate we provide is consistent with the expected return of 0.0912%.
Innergex Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Innergex |
Sharpe Ratio = 0.1154
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | INE-PA | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Innergex Renewable is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innergex Renewable by adding it to a well-diversified portfolio.
Innergex Renewable Valuation on July 14, 2023
It is possible to determine the worth of Innergex Renewable on a given historical date. On July 14, 2023 Innergex was worth 11.7 at the beginning of the trading date compared to the closed value of 11.75. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innergex Renewable preferred stock. Still, in general, we apply an absolute valuation method to find Innergex Renewable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Innergex Renewable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Innergex Renewable's related companies.
| Open | High | Low | Close | Volume | |
| 11.65 | 11.71 | 11.65 | 11.70 | 768.00 | |
07/14/2023 | 11.70 | 11.76 | 11.70 | 11.75 | 2,343 |
| 11.75 | 11.75 | 11.75 | 11.75 | 1.00 |
| Backtest Innergex Renewable | | | Innergex Renewable History | | | Innergex Renewable Valuation | Previous | Next |
Innergex Renewable Trading Date Momentum on July 14, 2023
| On July 17 2023 Innergex Renewable Energy was traded for 11.75 at the closing time. The highest price during the trading period was 11.75 and the lowest recorded bid was listed for 11.75 . There was no trading activity during the period 1.0. Lack of trading volume on July 17, 2023 did not cause price change. The trading delta at closing time to the current price is 2.38% . |
Innergex Renewable Energy Fundamentals Correlations and Trends
By evaluating Innergex Renewable's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Innergex Renewable's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Innergex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Innergex Renewable Preferred Stock history
Innergex Renewable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Innergex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Innergex Renewable Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Innergex Renewable stock prices may prove useful in developing a viable investing in Innergex Renewable
Innergex Renewable Energy Inc. operates as an independent renewable power producer. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada. INNERGEX RENEWABLE operates under Utilities - Independent Power Producers classification in Canada and is traded on Toronto Stock Exchange. It employs 360 people.
Innergex Renewable Preferred Stock Technical Analysis
Innergex Renewable technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.
Price Boundaries
Innergex Renewable Period Price Range
Low | February 2, 2025
| High |
0.00 | 0.00 |
Innergex Renewable Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Innergex Renewable February 2, 2025 Market Strength
Market strength indicators help investors to evaluate how Innergex Renewable preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Innergex Renewable shares will generate the highest return on investment. By undertsting and applying Innergex Renewable preferred stock market strength indicators, traders can identify Innergex Renewable Energy entry and exit signals to maximize returns
Innergex Renewable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Innergex Renewable's price direction in advance. Along with the technical and fundamental analysis of Innergex Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Innergex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.0901 | |||
| Total Risk Alpha | 0.0326 | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.888 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Innergex Preferred Stock analysis
When running Innergex Renewable's price analysis, check to measure Innergex Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innergex Renewable is operating at the current time. Most of Innergex Renewable's value examination focuses on studying past and present price action to predict the probability of Innergex Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innergex Renewable's price. Additionally, you may evaluate how the addition of Innergex Renewable to your portfolios can decrease your overall portfolio volatility.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |