Innergex Renewable Energy Preferred Stock Performance
| INE-PA Preferred Stock | CAD 15.65 0.05 0.32% |
Innergex Renewable has a performance score of 11 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0668, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Innergex Renewable's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innergex Renewable is expected to be smaller as well. Innergex Renewable Energy right now retains a risk of 0.81%. Please check out Innergex Renewable downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Innergex Renewable will be following its current trending patterns.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Innergex Renewable Energy are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat abnormal technical and fundamental indicators, Innergex Renewable may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
| Begin Period Cash Flow | 161.5 M | |
| Total Cashflows From Investing Activities | -667.1 M |
Innergex |
Innergex Renewable Relative Risk vs. Return Landscape
If you would invest 1,460 in Innergex Renewable Energy on October 25, 2024 and sell it today you would earn a total of 105.00 from holding Innergex Renewable Energy or generate 7.19% return on investment over 90 days. Innergex Renewable Energy is generating 0.1171% of daily returns and assumes 0.8111% volatility on return distribution over the 90 days horizon. Simply put, 7% of preferred stocks are less volatile than Innergex, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Innergex Renewable Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innergex Renewable's investment risk. Standard deviation is the most common way to measure market volatility of preferred stocks, such as Innergex Renewable Energy, and traders can use it to determine the average amount a Innergex Renewable's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1444
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | INE-PA | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.81 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Innergex Renewable is performing at about 11% 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 Fundamentals Growth
Innergex Preferred Stock prices reflect investors' perceptions of the future prospects and financial health of Innergex Renewable, and Innergex Renewable fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Innergex Preferred Stock performance.
| Return On Equity | -0.0231 | ||||
| Return On Asset | 0.0222 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 8.1 B | ||||
| Shares Outstanding | 132.99 M | ||||
| Price To Earning | 69.30 X | ||||
| Price To Sales | 2.01 X | ||||
| Revenue | 747.21 M | ||||
| EBITDA | 278.83 M | ||||
| Cash And Equivalents | 97.97 M | ||||
| Cash Per Share | 0.73 X | ||||
| Total Debt | 4.41 B | ||||
| Debt To Equity | 520.90 % | ||||
| Book Value Per Share | 6.21 X | ||||
| Cash Flow From Operations | 265.5 M | ||||
| Earnings Per Share | (0.1) X | ||||
| Total Asset | 7.4 B | ||||
About Innergex Renewable Performance
By analyzing Innergex Renewable's fundamental ratios, stakeholders can gain valuable insights into Innergex Renewable's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Innergex Renewable has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Innergex Renewable has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Innergex Renewable Energy performance evaluation
Checking the ongoing alerts about Innergex Renewable for important developments is a great way to find new opportunities for your next move. Preferred Stock alerts and notifications screener for Innergex Renewable Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Innergex Renewable has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 747.21 M. Net Loss for the year was (191.81 M) with profit before overhead, payroll, taxes, and interest of 570.74 M. |
- Analyzing Innergex Renewable's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Innergex Renewable's stock is overvalued or undervalued compared to its peers.
- Examining Innergex Renewable's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Innergex Renewable's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Innergex Renewable's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Innergex Renewable's preferred stock. These opinions can provide insight into Innergex Renewable's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |