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Innergex Renewable Energy (TSE:INE) Seasonal Chart

Innergex Renewable Energy (TSE:INE) Seasonality

INE.TO Relative to the S&P 500
INE.TO Relative to the S&P 500

INE.TO Relative to the Sector
INE.TO Relative to the Sector

Monthly Seasonal Innergex Renewable Energy (TSE:INE)

Seasonal Chart Analysis

Analysis of the Innergex Renewable Energy (TSE:INE) seasonal charts above shows that a Buy Date of July 19 and a Sell Date of October 30 has resulted in a geometric average return of 5.53% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 of those periods. This is a very good rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 1.33% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Utilities sector, which runs from July 23 to October 3. The seasonal chart for the broad sector is available via the following link: Utilities Sector Seasonal Chart.

A word of caution: Only 8 years of data is available for shares of INE.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Innergex Renewable Energy Inc develops, owns and operates renewable
power generating facilities, essentially focused on the hydroelectric, wind
power sectors and solar photovoltaic sectors.

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