Innergex Renewable Energy Stock Price on April 15, 2024
| INE Stock | CAD 8.65 0.33 3.97% |
Below is the normalized historical share price chart for Innergex Renewable Energy extending back to December 06, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Innergex Renewable stands at 8.65, as last reported on the 26th of November, with the highest price reaching 8.75 and the lowest price hitting 8.35 during the day.
If you're considering investing in Innergex Stock, it is important to understand the factors that can impact its price. Innergex Renewable Energy holds Efficiency (Sharpe) Ratio of -0.0343, which attests that the entity had a -0.0343% return per unit of risk over the last 3 months. Innergex Renewable Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Innergex Renewable's Market Risk Adjusted Performance of (0.90), risk adjusted performance of (0.04), and Standard Deviation of 1.86 to validate the risk estimate we provide.
At this time, Innergex Renewable's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 26th of November 2024, Other Stockholder Equity is likely to grow to about 2.7 B, while Total Stockholder Equity is likely to drop about 623.4 M. . At this time, Innergex Renewable's Price Book Value Ratio is very stable compared to the past year. As of the 26th of November 2024, Price To Book Ratio is likely to grow to 2.06, while Price To Sales Ratio is likely to drop 1.68. Innergex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 9.1484 | 50 Day MA 9.5204 | Beta 0.376 |
Innergex |
Sharpe Ratio = -0.0343
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Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Innergex Renewable is not performing at its full potential. However, 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 Innergex Renewable to a well-diversified portfolio.
Price Book 1.8653 | Enterprise Value Ebitda 14.7816 | Price Sales 1.6468 | Shares Float 147.7 M | Dividend Share 0.45 |
Innergex Renewable Main Headline on 15th of April 2024
Innergex Renewable Energy dividend paid on 15th of April 2024 |
Innergex Renewable Valuation on April 15, 2024
It is possible to determine the worth of Innergex Renewable on a given historical date. On April 15, 2024 Innergex was worth 7.85 at the beginning of the trading date compared to the closed value of 7.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innergex Renewable 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 | |
| 7.92 | 8.10 | 7.77 | 7.78 | 483,600 | |
04/15/2024 | 7.85 | 7.85 | 7.55 | 7.81 | 873,700 |
| 7.73 | 7.85 | 7.59 | 7.73 | 511,700 |
| Backtest Innergex Renewable | | | Innergex Renewable History | | | Innergex Renewable Valuation | Previous | Next |
Innergex Renewable Trading Date Momentum on April 15, 2024
| On April 16 2024 Innergex Renewable Energy was traded for 7.73 at the closing time. The maximum traded price for the trading interval was 7.85 and the lowest daily price was 7.59 . The daily volume was recorded at 511.7 K. The volume of trading on 16th of April 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.02% . The trading delta at closing time to the closing price today is 2.05% . |
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 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
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 203.6 M | 111.5 M | |
| Net Loss | -78.5 M | -74.6 M |
Innergex Renewable Stock Technical Analysis
Innergex Renewable technical 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, stock market cycles, or different charting patterns.
Price Boundaries
Innergex Renewable Period Price Range
Low | November 26, 2024
| 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 November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Innergex Renewable 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 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 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 | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.91) |
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Other Information on Investing in Innergex Stock
Innergex Renewable financial ratios help investors to determine whether Innergex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innergex with respect to the benefits of owning Innergex Renewable security.