Innergex Renewable Energy Stock Performance
| INE Stock | CAD 13.55 0.01 0.07% |
Innergex Renewable holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0963, 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. Use Innergex Renewable Energy total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Innergex Renewable Energy.
Risk-Adjusted Performance
Good
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Innergex Renewable Energy are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Innergex Renewable displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield 0.0266 | Payout Ratio | Forward Dividend Rate 0.36 | Dividend Date 2025-04-15 | Ex Dividend Date 2025-03-31 |
1 | Innergex Adds A New Wind Project Under Development In France - Barchart | 01/28/2025 |
2 | Proactive Strategies - Stock Traders Daily | 02/14/2025 |
3 | Innergex Enters into Definitive Agreement to be Acquired by CDPQ for 13.75 per share - Innergex | 02/24/2025 |
4 | Technical Data - Stock Traders Daily | 03/24/2025 |
| Begin Period Cash Flow | 159.2 M |
Innergex |
Innergex Renewable Relative Risk vs. Return Landscape
If you would invest 809.00 in Innergex Renewable Energy on December 26, 2024 and sell it today you would earn a total of 546.00 from holding Innergex Renewable Energy or generate 67.49% return on investment over 90 days. Innergex Renewable Energy is generating 1.0544% of daily returns assuming 7.3804% volatility of returns over the 90 days investment horizon. Simply put, 65% of all stocks have less volatile historical return distribution than Innergex Renewable, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Innergex Renewable Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innergex Renewable's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Innergex Renewable Energy, and traders can use it to determine the average amount a Innergex Renewable's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1429
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | INE | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.38 actual daily | 65 65% of assets are less volatile |
Expected Return
| 1.05 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Innergex Renewable is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innergex Renewable by adding it to a well-diversified portfolio.
Innergex Renewable Fundamentals Growth
Innergex Stock prices reflect investors' perceptions of the future prospects and financial health of Innergex Renewable, and Innergex Renewable fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Innergex Stock performance.
| Return On Equity | 0.0195 | ||||
| Return On Asset | 0.0205 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.34 % | ||||
| Current Valuation | 9.54 B | ||||
| Shares Outstanding | 201.78 M | ||||
| Price To Earning | 98.93 X | ||||
| Price To Book | 2.75 X | ||||
| Price To Sales | 2.65 X | ||||
| Revenue | 952.45 M | ||||
| Gross Profit | 758.54 M | ||||
| EBITDA | 672 M | ||||
| Net Income | 15.89 M | ||||
| Cash And Equivalents | 162.97 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 604.04 M | ||||
| Debt To Equity | 4.03 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 4.90 X | ||||
| Cash Flow From Operations | 292.17 M | ||||
| Earnings Per Share | 0.05 X | ||||
| Market Capitalization | 2.73 B | ||||
| Total Asset | 9.44 B | ||||
| Retained Earnings | (1.78 B) | ||||
| Working Capital | (336.67 M) | ||||
| Current Asset | 397.35 M | ||||
| Current Liabilities | 185.17 M | ||||
About Innergex Renewable Performance
By examining Innergex Renewable's fundamental ratios, stakeholders can obtain critical insights into Innergex Renewable's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Innergex Renewable is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 63.94 | 60.75 | |
| Return On Capital Employed | 0.03 | 0.05 | |
| Return On Equity | 0.01 | 0.01 |
Things to note about Innergex Renewable Energy performance evaluation
Checking the ongoing alerts about Innergex Renewable for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Innergex Renewable Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 Energy has accumulated 604.04 M in total debt with debt to equity ratio (D/E) of 4.03, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Innergex Renewable Energy has a current ratio of 0.62, 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. | |
| About 20.0% of Innergex Renewable shares are held by company insiders | |
| Latest headline from news.google.com: Technical Data - Stock Traders Daily |
- Analyzing Innergex Renewable's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Innergex Renewable's stock is overvalued or undervalued compared to its peers.
- Examining Innergex Renewable's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Innergex Renewable's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Innergex Renewable's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Innergex Renewable's stock. These opinions can provide insight into Innergex Renewable's potential for growth and whether the stock is currently undervalued or overvalued.
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.