Innergex Renewable Energy Stock Market Value
| INGXF Stock | USD 9.32 0.07 0.75% |
| Symbol | Innergex |
Innergex Renewable 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Innergex Renewable's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Innergex Renewable.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Innergex Renewable on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Innergex Renewable Energy or generate 0.0% return on investment in Innergex Renewable over 30 days. Innergex Renewable is related to or competes with Orsted AS, Clearway Energy, Northland Power, Tidewater Renewables, Renew Energy, Brookfield Renewable, and Algonquin Power. Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France,... More
Innergex Renewable Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Innergex Renewable's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Innergex Renewable Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1201 | |||
| Maximum Drawdown | 15.51 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 4.9 |
Innergex Renewable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innergex Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Innergex Renewable's standard deviation. In reality, there are many statistical measures that can use Innergex Renewable historical prices to predict the future Innergex Renewable's volatility.| Risk Adjusted Performance | 0.0977 | |||
| Jensen Alpha | 0.8809 | |||
| Total Risk Alpha | 0.9441 | |||
| Sortino Ratio | 0.2549 | |||
| Treynor Ratio | 3.5 |
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.
Innergex Renewable Energy Backtested Returns
Innergex Renewable appears to be relatively risky, given 3 months investment horizon. Innergex Renewable Energy holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. By evaluating Innergex Renewable's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please utilize Innergex Renewable's Market Risk Adjusted Performance of 3.51, downside deviation of 3.48, and Risk Adjusted Performance of 0.0977 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Innergex Renewable holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. 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. Please check Innergex Renewable's semi variance, and the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether Innergex Renewable's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Innergex Renewable Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Innergex Renewable time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Innergex Renewable Energy price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Innergex Renewable price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 3.06 |
Innergex Renewable Energy lagged returns against current returns
Autocorrelation, which is Innergex Renewable pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Innergex Renewable's pink sheet expected returns. We can calculate the autocorrelation of Innergex Renewable returns to help us make a trade decision. For example, suppose you find that Innergex Renewable has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Innergex Renewable regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Innergex Renewable pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Innergex Renewable pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Innergex Renewable pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Innergex Renewable Lagged Returns
When evaluating Innergex Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Innergex Renewable pink sheet have on its future price. Innergex Renewable autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Innergex Renewable autocorrelation shows the relationship between Innergex Renewable pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Innergex Renewable Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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.