Innergex Renewable Energy Stock Buy Hold or Sell Recommendation

INGXF Stock  USD 9.39  0.04  0.43%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Innergex Renewable Energy is 'Strong Buy'. Macroaxis provides Innergex Renewable buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding INGXF positions.
  
Check out Innergex Renewable Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual companies such as Innergex and provide practical buy, sell, or hold advice based on investors' constraints. Innergex Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Execute Innergex Renewable Buy or Sell Advice

The Innergex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Innergex Renewable Energy. Macroaxis does not own or have any residual interests in Innergex Renewable Energy or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Innergex Renewable's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Innergex RenewableBuy Innergex Renewable
Strong Buy

Market Performance

OKDetails

Volatility

Moderately volatileDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Above AverageDetails

Economic Sensitivity

Slowly supersedes the marketDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Innergex Renewable Energy has a Risk Adjusted Performance of 0.1145, Jensen Alpha of 0.9247, Total Risk Alpha of 1.78, Sortino Ratio of 0.3142 and Treynor Ratio of 1.8
We provide advice to complement the regular expert consensus on Innergex Renewable. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Innergex Renewable Energy is not overpriced, please check out all Innergex Renewable fundamentals, including its price to sales, book value per share, last dividend paid, as well as the relationship between the cash and equivalents and market capitalization . Given that Innergex Renewable Energy has a shares owned by institutions of 41.89 %, we strongly advise you to confirm Innergex Renewable Energy market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Innergex Renewable Trading Alerts and Improvement Suggestions

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

Innergex Renewable Returns Distribution Density

The distribution of Innergex Renewable's historical returns is an attempt to chart the uncertainty of Innergex Renewable's future price movements. The chart of the probability distribution of Innergex Renewable daily returns describes the distribution of returns around its average expected value. We use Innergex Renewable Energy price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Innergex Renewable returns is essential to provide solid investment advice for Innergex Renewable.
Mean Return
0.88
Value At Risk
-3.68
Potential Upside
4.90
Standard Deviation
7.26
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Innergex Renewable historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Innergex Renewable Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Innergex Renewable or Independent Power and Renewable Electricity Producers sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Innergex Renewable's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Innergex pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
0.92
β
Beta against Dow Jones0.48
σ
Overall volatility
7.55
Ir
Information ratio 0.14

Innergex Renewable Volatility Alert

Innergex Renewable Energy is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Innergex Renewable's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Innergex Renewable's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Innergex Renewable Fundamentals Vs Peers

Comparing Innergex Renewable's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Innergex Renewable's direct or indirect competition across all of the common fundamentals between Innergex Renewable and the related equities. This way, we can detect undervalued stocks with similar characteristics as Innergex Renewable or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Innergex Renewable's fundamental indicators could also be used in its relative valuation, which is a method of valuing Innergex Renewable by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Innergex Renewable to competition
FundamentalsInnergex RenewablePeer Average
Return On Equity-0.0231-0.31
Return On Asset0.0222-0.14
Profit Margin(0.04) %(1.27) %
Operating Margin0.32 %(5.51) %
Current Valuation6.7 B16.62 B
Shares Outstanding204.13 M571.82 M
Shares Owned By Insiders24.27 %10.09 %
Shares Owned By Institutions41.89 %39.21 %
Price To Earning154.32 X28.72 X
Price To Book2.78 X9.51 X
Price To Sales3.06 X11.42 X
Revenue747.21 M9.43 B
Gross Profit570.74 M27.38 B
EBITDA278.83 M3.9 B
Net Income(191.81 M)570.98 M
Cash And Equivalents224.92 M2.7 B
Cash Per Share1.10 X5.01 X
Total Debt4.41 B5.32 B
Debt To Equity3.61 %48.70 %
Current Ratio0.77 X2.16 X
Book Value Per Share6.21 X1.93 K
Cash Flow From Operations265.5 M971.22 M
Earnings Per Share(0.07) X3.12 X
Number Of Employees48818.84 K
Beta0.34-0.15
Market Capitalization2.39 B19.03 B
Total Asset7.4 B29.47 B
Annual Yield0.05 %
Five Year Return4.13 %
Net Asset7.4 B
Last Dividend Paid0.72

Innergex Renewable Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Innergex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Innergex Renewable Buy or Sell Advice

When is the right time to buy or sell Innergex Renewable Energy? Buying financial instruments such as Innergex Pink Sheet isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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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.