Innergex Renewable Energy Stock Price on November 22, 2024
INGXF Stock | USD 6.19 0.23 3.86% |
If you're considering investing in Innergex Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Innergex Renewable stands at 6.19, as last reported on the 26th of November, with the highest price reaching 6.19 and the lowest price hitting 6.19 during the day. Innergex Renewable Energy holds Efficiency (Sharpe) Ratio of -0.0075, which attests that the entity had a -0.0075% return per unit of risk over the last 3 months. Innergex Renewable Energy exposes twenty-one 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 0.1681, standard deviation of 4.7, and insignificant Risk Adjusted Performance to validate the risk estimate we provide.
Innergex Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Innergex |
Sharpe Ratio = -0.0075
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Estimated Market Risk
4.76 actual daily | 42 58% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 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.
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Innergex Renewable Valuation on November 22, 2024
It is possible to determine the worth of Innergex Renewable on a given historical date. On November 22, 2024 Innergex was worth 5.96 at the beginning of the trading date compared to the closed value of 5.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Innergex Renewable pink sheet. 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 | |
6.10 | 6.10 | 6.10 | 6.10 | 200.00 | |
11/22/2024 | 5.96 | 5.96 | 5.96 | 5.96 | 1,100 |
6.19 | 6.19 | 6.19 | 6.19 | 5,600 |
Backtest Innergex Renewable | | | Innergex Renewable History | | | Innergex Renewable Valuation | Previous | Next |
Innergex Renewable Trading Date Momentum on November 22, 2024
On November 25 2024 Innergex Renewable Energy was traded for 6.19 at the closing time. The highest daily price throughout the period was 6.19 and the lowest price was 6.19 . The daily volume was 5.6 K. The net trading volume on 11/25/2024 added to the next day price rise. The trading delta at closing time to closing price of the next trading day was 3.86% . The trading delta at closing time to current closing price is 3.86% . |
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 Pink Sheet 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 in Canada, the United States, France, and Chile. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada. Innergex Renewable operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. It employs 488 people.
Innergex Renewable Pink Sheet Technical Analysis
Innergex Renewable technical pink sheet 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, pink sheet 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 PINK 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 pink sheet 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 pink sheet 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 Pink Sheet 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) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.82) | |||
Treynor Ratio | 0.1581 |
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Complementary Tools for Innergex Pink Sheet 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.
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