Eng LLB - Innergex Renewable Chief Sec

All Insiders . Canada . 
Preferred Stock . Innergex Renewable Energy . Stakeholders . Insider . Eng LLB
INE-PA Preferred Stock  CAD 15.65  0.05  0.32%   

Insider

Eng LLB is Chief Sec of Innergex Renewable Energy
Phone450-928-2550
Webhttps://www.innergex.com

Innergex Renewable Management Efficiency

The company has return on total asset (ROA) of 0.0222 % which means that it generated a profit of $0.0222 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0231) %, meaning that it generated substantial loss on money invested by shareholders. Innergex Renewable's management efficiency ratios could be used to measure how well Innergex Renewable manages its routine affairs as well as how well it operates its assets and liabilities.
Innergex Renewable Energy has accumulated 4.41 B in total debt with debt to equity ratio (D/E) of 520.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Innergex Renewable Energy has a current ratio of 1.07, suggesting that it may not be capable to disburse its financial obligations in time and when they become due. Debt can assist Innergex Renewable until it has trouble settling it off, either with new capital or with free cash flow. So, Innergex Renewable's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innergex Renewable Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innergex to invest in growth at high rates of return. When we think about Innergex Renewable's use of debt, we should always consider it together with cash and equity.

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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 Energy (INE-PA) is traded on Toronto Exchange in Canada and employs 488 people.

Management Performance

Return On Equity-0.0231
Return On Asset0.0222

Innergex Renewable Energy Leadership Team

Elected by the shareholders, the Innergex Renewable's board of directors comprises two types of representatives: Innergex Renewable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innergex. The board's role is to monitor Innergex Renewable's management team and ensure that shareholders' interests are well served. Innergex Renewable's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innergex Renewable's outside directors are responsible for providing unbiased perspectives on the board's policies.
MSc PEng, VP Projects
Guillaume Jumel, VP France
MBA MBA, Chief Officer
MSc ING, Chief Officer
MBA PGeo, VP America
MSc MBA, VP Financing
Eng LLB, Chief Sec
Karine Vachon, Director Communications
Alexandra MBA, Chief Officer

Innergex Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Innergex Renewable a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity-0.0231
Return On Asset0.0222
Profit Margin(0.04) %
Operating Margin0.32 %
Current Valuation8.1 B
Shares Outstanding132.99 M
Shares Owned By Institutions4.54 %
Number Of Shares Shorted3.41 K
Price To Earning69.30 X
Price To Sales2.01 X

Pair Trading with Innergex Renewable

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innergex Renewable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innergex Renewable will appreciate offsetting losses from the drop in the long position's value.

Moving together with Innergex Preferred Stock

  0.89BEP-PM Brookfield RenewablePairCorr
  0.75TA TransAlta CorpPairCorr
  0.74CSE-PA Capstone InfrastructurePairCorr
  0.89TA-PD Transalta A CumPairCorr
The ability to find closely correlated positions to Innergex Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innergex Renewable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Innergex Renewable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Innergex Renewable Energy to buy it.
The correlation of Innergex Renewable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innergex Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innergex Renewable Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Innergex Renewable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Innergex Preferred Stock

Innergex Renewable financial ratios help investors to determine whether Innergex Preferred 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.
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