Innergex Renewable Current Valuation vs. Return On Asset
| INGXF Stock | USD 6.30 0.27 4.48% |
For Innergex Renewable profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Innergex Renewable to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Innergex Renewable Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Innergex Renewable's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Innergex Renewable Energy over time as well as its relative position and ranking within its peers.
Innergex |
Innergex Renewable Energy Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Innergex Renewable's current stock value. Our valuation model uses many indicators to compare Innergex Renewable value to that of its competitors to determine the firm's financial worth. Innergex Renewable Energy is rated fifth overall in current valuation category among its peers. It is rated below average in return on asset category among its peers . The ratio of Current Valuation to Return On Asset for Innergex Renewable Energy is about 301,627,717,928 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Innergex Renewable's earnings, one of the primary drivers of an investment's value.Innergex Current Valuation vs. Competition
Innergex Renewable Energy is rated fifth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities industry is currently estimated at about 456.1 Billion. Innergex Renewable claims roughly 6.7 Billion in current valuation contributing just under 2% to Utilities industry.
Innergex Return On Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Innergex Renewable |
| = | 6.7 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Innergex Renewable |
| = | 0.0222 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Innergex Return On Asset Comparison
Innergex Renewable is currently under evaluation in return on asset category among its peers.
Innergex Renewable Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Innergex Renewable, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Innergex Renewable will eventually generate negative long term returns. The profitability progress is the general direction of Innergex Renewable's change in net profit over the period of time. It can combine multiple indicators of Innergex Renewable, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Innergex Renewable. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Innergex Renewable position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Innergex Renewable's important profitability drivers and their relationship over time.
Use Innergex Renewable in pair-trading
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.Innergex Renewable Pair Trading
Innergex Renewable Energy Pair Trading Analysis
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.Use Investing Themes to Complement your Innergex Renewable position
In addition to having Innergex Renewable in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies producing and selling home and office furniture. The Furniture theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Furniture Theme or any other thematic opportunities.
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Other Information on Investing in Innergex Pink Sheet
To fully project Innergex Renewable's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Innergex Renewable Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Innergex Renewable's income statement, its balance sheet, and the statement of cash flows.