Innergex Renewable Energy Stock Performance
| INGXF Stock | USD 9.44 0.03 0.32% |
Innergex Renewable holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. 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. Use Innergex Renewable Energy semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Innergex Renewable Energy.
Risk-Adjusted Performance
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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 nearly fragile basic indicators, Innergex Renewable reported solid returns over the last few months and may actually be approaching a breakup point. ...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 563.00 in Innergex Renewable Energy on January 2, 2025 and sell it today you would earn a total of 381.00 from holding Innergex Renewable Energy or generate 67.67% return on investment over 90 days. Innergex Renewable Energy is currently producing 1.0809% returns and takes up 7.5088% volatility of returns over 90 trading days. Put another way, 67% of traded pink sheets are less volatile than Innergex, and 79% of all traded equity instruments are likely to generate higher returns 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 pink sheets, 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 = 0.1439
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Estimated Market Risk
| 7.51 actual daily | 67 67% of assets are less volatile |
Expected Return
| 1.08 actual daily | 21 79% 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 Pink Sheet 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 Pink Sheet performance.
| Return On Equity | -0.0231 | |||
| Return On Asset | 0.0222 | |||
| Profit Margin | (0.04) % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | 6.7 B | |||
| Shares Outstanding | 204.13 M | |||
| Price To Earning | 154.32 X | |||
| Price To Book | 2.78 X | |||
| Price To Sales | 3.06 X | |||
| Revenue | 747.21 M | |||
| EBITDA | 278.83 M | |||
| Cash And Equivalents | 224.92 M | |||
| Cash Per Share | 1.10 X | |||
| Total Debt | 4.41 B | |||
| Debt To Equity | 3.61 % | |||
| Book Value Per Share | 6.21 X | |||
| Cash Flow From Operations | 265.5 M | |||
| Earnings Per Share | (0.07) 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 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.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. Pink Sheet 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 is way too risky over 90 days horizon | |
| Innergex Renewable appears to be risky and price may revert if volatility continues | |
| Innergex Renewable has high likelihood to experience some financial distress in the next 2 years | |
| Innergex Renewable Energy has accumulated 4.41 B in total debt with debt to equity ratio (D/E) of 3.61, implying the company greatly relies on financing operations through barrowing. Innergex Renewable Energy has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay 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. | |
| The entity 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. | |
| About 24.0% of Innergex Renewable shares are held by company insiders |
- 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 pink sheet. 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 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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