Innergex Renewable Energy Stock Statistic Functions Beta

INGXF Stock  USD 6.10  0.14  2.35%   
Innergex Renewable statistic functions tool provides the execution environment for running the Beta function and other technical functions against Innergex Renewable. Innergex Renewable value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Innergex Renewable statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Innergex Renewable Energy correlated with the market. If Beta is less than 0 Innergex Renewable generally moves in the opposite direction as compared to the market. If Innergex Renewable Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Innergex Renewable Energy is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Innergex Renewable is generally in the same direction as the market. If Beta > 1 Innergex Renewable moves generally in the same direction as, but more than the movement of the benchmark.

Innergex Renewable Technical Analysis Modules

Most technical analysis of Innergex Renewable help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Innergex from various momentum indicators to cycle indicators. When you analyze Innergex charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Innergex Renewable Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Innergex Renewable Energy. We use our internally-developed statistical techniques to arrive at the intrinsic value of Innergex Renewable Energy based on widely used predictive technical indicators. In general, we focus on analyzing Innergex Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Innergex Renewable's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Innergex Renewable's intrinsic value. In addition to deriving basic predictive indicators for Innergex Renewable, we also check how macroeconomic factors affect Innergex Renewable price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Innergex Renewable's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
1.366.1010.84
Details
Intrinsic
Valuation
LowRealHigh
0.655.3910.13
Details
Naive
Forecast
LowNextHigh
1.045.7810.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.796.447.09
Details

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Other Information on Investing in Innergex Pink Sheet

Innergex Renewable financial ratios help investors to determine whether Innergex Pink Sheet 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.