Independent Competitors

INDB -  USA Stock  

USD 81.01  3.26  3.87%

Independent Bk Corp competes with First Bancorp, Banco DE, Bank First, Bar Harbor, and Middlefield Banc; as well as few others. The company conducts business under Financial Services sector and is part of Banks—Regional industry. Analyzing Independent competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Independent to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Independent competition on your existing holdings. Please see Independent Correlation with its peers.

Independent Competition 

 
Refresh
The current year Return on Average Assets is expected to grow to 0.0106. The current year Return on Average Equity is expected to grow to 0.09. Independent Revenue to Assets are projected to slightly decrease based on the last few years of reporting. The past year's Revenue to Assets were at 0.038838. The current year Asset Turnover is expected to grow to 0.0348, whereas Total Assets are forecasted to decline to about 11.4 B.

Specify up to 10 symbols:

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Independent'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. Please use the tools below to analyze the current value of Independent in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
79.4581.1082.75
Details
Intrinsic
Valuation
LowReal ValueHigh
72.9186.8488.49
Details
Naive
Forecast
LowNext ValueHigh
76.5078.1579.79
Details
3 Analysts
Consensus
LowTarget PriceHigh
70.0080.6790.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Independent. Your research has to be compared to or analyzed against Independent's peers to derive any actionable benefits. When done correctly, Independent's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Independent Bk Corp.

Independent Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Independent and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Independent and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Independent Bk Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Independent Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Independent stock performing well and Independent company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Independent's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
FNLC
 1.08  0.02  0.02  0.06  1.35  0.0217 (1.09)  2.29 (2.27)  6.35 
BCH
 1.29 (0.12)  0.00 (0.27)  0.00 (0.09)  0.00  2.47 (2.64)  9.13 
BFC
 0.96 (0.03) (0.04)  0.00  1.14 (0.0316) (1.19)  1.99 (1.75)  7.02 
BHB
 1.22  0.01  0.01  0.05  1.34  0.0136 (1.33)  2.70 (2.35)  5.99 
MBCN
 0.76  0.00 (0.03)  0.03  1.04 (0.0275) (0.73)  1.46 (1.81)  6.46 
BKU
 1.39  0.14  0.10  0.13  1.39  0.09 (1.60)  3.54 (2.25)  6.78 
BLX
 0.94  0.32  0.25  0.97  0.83  0.24 (1.06)  2.47 (1.72)  5.78 
BMA
 2.40  0.42  0.15  0.31  2.60  0.13 (3.03)  7.31 (3.30)  22.06 
MBIN
 1.43  0.11  0.06  0.13  1.81  0.06 (1.44)  3.14 (2.98)  8.85 

Cross Equities Net Income Analysis

Select Fundamental

201020112012201320142015201620172018201920202021
FNLC
12.1 M12.4 M12.7 M13 M14.7 M16.2 M18 M19.6 M23.5 M25.5 M27.1 M24.5 M
BCH
417.6 B438.1 B479.9 B550.2 B595.5 B609.9 B575.1 B572.1 B603.6 B603.7 B401.6 B519.1 B
BFC
(4.4 M)(4.4 M)(4.4 M)(4.4 M)(4.4 M)(4.4 M)14.9 M15.3 M25.5 M26.7 M38 M31.2 M
BHB
10.7 M11 M12.5 M13.2 M14.6 M15.2 M14.9 M26 M32.9 M22.6 M33.2 M28.4 M
MBCN
2.5 M4.1 M6.3 MM7.2 M6.9 M6.4 M9.5 M12.4 M12.7 M8.3 M8.8 M
BKU
184.7 M63.2 M211.3 M208.9 M204.2 M251.7 M225.7 M614.3 M324.9 M313.1 M197.9 M251.5 M
BLX
42.2 M83.2 M93 M84.8 M102.4 M104 M87 M82 M11.1 M86.1 M63.6 M65.6 M
BMA
B1.2 B1.5 B2.4 B3.5 BB6.5 B9.1 B(1.5 B)28.2 B26.2 B28.2 B
MBIN
28.4 M28.4 M28.4 M28.4 M28.4 M28.4 M33.1 M54.7 M62.9 M77.3 M180.5 M194.8 M

Independent Bk Corp and related stocks such as First Bancorp, Banco DE Chile, Bank First National, Bar Harbor Bankshares, Middlefield Banc, BankUnited, Banco Latinoamericano, Banco Macro SA, and Merchants Bancorp Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Independent Bk Corp financial statement analysis. It represents the amount of money remaining after all of Independent Bk Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Independent Competitive Analysis

The better you understand Independent competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Independent's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Independent's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
INDB
FNLC
BCH
BFC
BHB
MBCN
BKU
BLX
BMA
MBIN
 3.87 
 81.01 
Independent
 0.77 
 29.48 
First
 1.74 
 16.94 
Banco
 1.94 
 70.39 
Bank First
 1.95 
 28.11 
Bar Harbor
 2.62 
 24.66 
Middlefield
 3.64 
 42.08 
BankUnited
 1.78 
 18.75 
Banco
 6.70 
 17.12 
Banco
 3.02 
 41.45 
Merchants
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Stock Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Number of Shares Shorted
Shares Owned by Insiders
Profit Margin
EBITDA
Operating Margin
Current Valuation
Cash Flow from Operations
Retained Earnings
Five Year Return
Current Asset
Beta
Price to Book
Shares Outstanding
Total Debt
Return On Equity
Price to Earning
Z Score
Shares Owned by Institutions
Return On Asset
Book Value Per Share
Cash and Equivalents
Price to Earnings To Growth
Current Liabilities
Total Asset
Short Ratio
Last Dividend Paid
Price to Sales
Market Capitalization
Cash per Share
Net Income
Earnings Per Share
Debt to Equity
Revenue
Working Capital
Gross Profit
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Independent Competition Performance Charts

Complement your Independent position

In addition to having Independent in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Railroads Thematic Idea Now

Railroads
Railroads Theme
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. Railroads theme has 30 constituents.
View All  Next Launch Railroads
Please see Independent Correlation with its peers. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Independent Stock analysis

When running Independent Bk Corp price analysis, check to measure Independent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
The market value of Independent Bk Corp is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent's value that differs from its market value or its book value, called intrinsic value, which is Independent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent's market value can be influenced by many factors that don't directly affect Independent Bk Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.