Use this graph to draw trend lines for IPC. You can use it to identify possible trend reversals for IPC as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual IPC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
The following chart estimates an ordinary least squares regression model for IPC applied against its price change over selected period. The best fit line has a slop of 73.00 % which may suggest that IPC market price will keep on failing further. It has 42 observation points and regression sum of squers of 8206750.52 which is sum of squared deviations of the predicted IPC price change against its avarage change.
IPC has a best fit line with a correlation coefficient of -0.8. and coefficient of determination of 0.64. Note, that the company had not issued any dividends in recent years.
Based on monthly moving average IPC is performing at about 0% 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 IPC by adding it to a well-diversified portfolio.
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