Innergex Free Cash Flow Yield from 2010 to 2024
| INE Stock | CAD 8.73 0.02 0.23% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter (0.21) | Current Value (0.22) | Quarterly Volatility 0.11983495 |
Check Innergex Renewable financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Innergex Renewable's main balance sheet or income statement drivers, such as Depreciation And Amortization of 379.4 M, Interest Expense of 356.5 M or Selling General Administrative of 36.9 M, as well as many indicators such as Price To Sales Ratio of 1.68, Dividend Yield of 0.0608 or PTB Ratio of 2.06. Innergex financial statements analysis is a perfect complement when working with Innergex Renewable Valuation or Volatility modules.
Innergex | Free Cash Flow Yield |
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 Stock
Moving against Innergex Stock
| 0.76 | ELF | E L Financial | PairCorr |
| 0.72 | FFH-PD | Fairfax Financial | PairCorr |
| 0.59 | TPX-B | Molson Coors Canada | PairCorr |
| 0.59 | FFH | Fairfax Financial | PairCorr |
| 0.58 | FFH-PM | Fairfax Financial | PairCorr |
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.Other Information on Investing in Innergex Stock
Innergex Renewable financial ratios help investors to determine whether Innergex 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.