Boralex Inc

10-Year Study

BLX.TO · Utilities · CA · Common Stock

Executive Summary: Boralex Inc has compounded at 12.0% annually over the last 10 years, with a maximum drawdown of 44.9% and an annualized volatility of 51.7%.

1Y CAGR
+19.6%
3Y CAGR
+4.1%
5Y CAGR
+4.4%
10Y CAGR
+12.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
44.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.46
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.08
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
27.4%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +104.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -26.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-0.39.932.00.3————————45.1%
2025-10.015.5-2.55.93.60.2-0.9-7.4-5.93.6-10.81.5-9.7%
2024-3.7-7.5-2.4-1.625.8-3.12.2-3.911.5-7.0-8.1-4.7-7.0%
2023-7.0-1.914.0-4.0-4.0-3.8-4.7-3.5-11.0-10.720.19.2-11.6%
2022-4.712.510.2-5.01.311.18.37.5-11.4-11.9-1.05.820.3%
20216.2-10.9-10.7-0.3-4.71.74.0-0.5-3.32.4-4.3-4.4-23.4%
202012.85.6-12.78.86.97.913.1-2.914.90.77.015.1104.2%
201911.00.32.0-3.51.86.71.44.49.4-3.714.8-1.650.1%
20180.60.3-5.12.6-4.3-3.4-5.6-2.6-6.1-5.76.3-5.9-26.1%
20173.62.66.2-2.76.6-0.71.4-1.2-1.66.73.10.126.1%
2016———2.09.88.82.5-9.64.62.8-8.49.621.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 51.7%. The dominant macroeconomic risk driver is SHV.US, accounting for 65.9% of variance. Idiosyncratic stock-specific factors contribute 15.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110204.946531601798
2016-05-0111203.931665695653
2016-06-0112186.660151478132
2016-07-0112487.079253509744
2016-08-0111282.301866225636
2016-09-0111799.413633032005
2016-10-0112133.661598601739
2016-11-0111112.781672273488
2016-12-0112174.444172978256
2017-01-0112613.091770189252
2017-02-0112938.036798286003
2017-03-0113745.04313180101
2017-04-0113379.97331278543
2017-05-0114263.7523727189
2017-06-0114160.66830799301
2017-07-0114360.540510064086
2017-08-0114186.603770038904
2017-09-0113952.902704429702
2017-10-0114881.317070420417
2017-11-0115343.550903042718
2017-12-0115356.612603131049
2018-01-0115448.044503749365
2018-02-0115500.761149429607
2018-03-0114711.6089383375
2018-04-0115093.029374729838
2018-05-0114442.011689751735
2018-06-0113951.775075645099
2018-07-0113170.0464207183
2018-08-0112833.543197579356
2018-09-0112045.236708075701
2018-10-0111357.101242271045
2018-11-0112069.292788813922
2018-12-0111354.564077505684
2019-01-0112601.909451408597
2019-02-0112645.98094307354
2019-03-0112897.724069236407
2019-04-0112441.880133060196
2019-05-0112670.882745400213
2019-06-0113515.100828807155
2019-07-0113700.50179480915
2019-08-0114307.635926253077
2019-09-0115656.843767031894
2019-10-0115082.59880847225
2019-11-0117310.699317784587
2019-12-0117039.03474976038
2020-01-0119226.352684696198
2020-02-0120311.88332800842
2020-03-0117724.16320547276
2020-04-0119283.485876449475
2020-05-0120622.732996297622
2020-06-0122242.28983818527
2020-07-0125150.35050461388
2020-08-0124415.324475182766
2020-09-0128052.115243661785
2020-10-0128241.650848540663
2020-11-0130223.17653028623
2020-12-0134789.03944821365
2021-01-0136946.75712755361
2021-02-0132918.491232686196
2021-03-0129379.80416846774
2021-04-0129290.62752541863
2021-05-0127925.257005393825
2021-06-0128391.53150782762
2021-07-0129534.759157285418
2021-08-0129398.034167152175
2021-09-0128432.502020334905
2021-10-0129116.690785393446
2021-11-0127873.574019432806
2021-12-0126659.023849348796
2022-01-0125405.946362457482
2022-02-0128581.818865229565
2022-03-0131505.384427446486
2022-04-0129942.584901050574
2022-05-0130342.329305192736
2022-06-0133698.05859910917
2022-07-0136511.39844763104
2022-08-0139232.93051927305
2022-09-0134770.62151139845
2022-10-0130617.564697701517
2022-11-0130306.05724595463
2022-12-0132077.37412843692
2023-01-0129841.098310436202
2023-02-0129272.209588603433
2023-03-0133357.04486083182
2023-04-0132019.489184160575
2023-05-0130738.784792046456
2023-06-0129558.721268958263
2023-07-0128161.589204833766
2023-08-0127188.35159465504
2023-09-0124202.484542088743
2023-10-0121611.193595068504
2023-11-0125959.23621943656
2023-12-0128358.92424213949
2024-01-0127306.376740776937
2024-02-0125262.64353774737
2024-03-0124651.092860230412
2024-04-0124244.770621511398
2024-05-0130496.06269616042
2024-06-0129543.96812569302
2024-07-0130205.13446973257
2024-08-0129021.969967486704
2024-09-0132358.62354113026
2024-10-0130101.204683418215
2024-11-0127673.138002969423
2024-12-0126360.108252363323
2025-01-0123725.027720874285
2025-02-0127393.29812625684
2025-03-0126700.84008344453
2025-04-0128270.405382548066
2025-05-0129299.4606175647
2025-06-0129364.487210810203
2025-07-0129104.568775958953
2025-08-0126955.778157830442
2025-09-0125359.71358228871
2025-10-0126283.805371271777
2025-11-0123454.678719765452
2025-12-0123802.364261685056
2026-01-0123727.189009378115
2026-02-0126085.812550508374
2026-03-0134430.26555657878
2026-04-0134533.63152850082
Annual Return Matrix
YearAnnual Return
20170.26138100310285717
2018-0.2606075069452093
20190.500633105194773
20201.0417259521524769
2021-0.2336947420168657
20220.20324638702855125
2023-0.11592126810033954
2024-0.07048278604327507
2025-0.09703086065471511
20260.4508487958941967
Total Factor Risk
0.5169656034534253
VTI.US Exposure
0.006277876480997783
VEA.US Exposure
0.009657800980384426
VWO.US Exposure
0.004384128569377235
QQQ.US Exposure
0.006383359199663372
VTV.US Exposure
0.008813419348888083
IJR.US Exposure
0.005130815562926335
QUAL.US Exposure
0.004127784512222969
SHV.US Exposure
0.6587936261372465
TLT.US Exposure
-0.0009922473180457123
LQD.US Exposure
-0.008229205875094193
HYG.US Exposure
0.024935607899385686
GLD.US Exposure
-0.0014529002704808639
USO.US Exposure
-0.00013996480710619505
VNQ.US Exposure
0.022111407028059516
BTC-USD.CC Exposure
0.00004388279867324806
CPER.US Exposure
-0.001269503180279864
VIX.INDX Exposure
0.003970587413434426
UUP.US Exposure
0.0032836942466070644
TIP.US Exposure
0.09546527130301691
Idiosyncratic Exposure
0.15870455997012342
Value Score
0
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
21.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
51.7%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →612.5x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →1.80%
Market Cap$3.8B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$155
Avg Yield on Cost
1.55%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$155.051.55%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+20.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+29.6%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-0.05
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Boralex Inc a high-risk investment?

Boralex Inc (BLX.TO) has an annualized volatility of 51.7% and experienced a maximum drawdown of 44.9% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BLX.TO?

Over the past 10 years, BLX.TO has generated a Compound Annual Growth Rate (CAGR) of 12.0%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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