Macroaxis considers Independent News to be abnormally risky. Independent News Media
holds Efficiency (Sharpe) Ratio of -0.0676 which attests that Independent News Media
had -0.0676% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Independent News Media exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Independent News Market Risk Adjusted Performance
of (0.54) and Risk Adjusted Performance of (0.13) to validate risk estimate we provide. Macroaxis gives Independent News performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.7274 which attests that as returns on market increase, Independent News returns are expected to increase less than the market. However during bear market, the loss on holding Independent News will be expected to be smaller as well.. Even though it is essential to pay attention to Independent News Media current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Independent News Media exposes twenty-one different technical indicators which can help you to evaluate its performance. Independent News Media has expected return of -0.2837%. Please be advised to check out Independent News Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if Independent News Media past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.53) |
Good reverse predictability
Independent News Media plc has good reverse predictability. Overlapping area represents the amount of predictability between Independent News time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Independent News Media price movement. The serial correlation of -0.53 indicates that about 53.0% of current Independent News price fluctuation can be explain by its past prices. Given that Independent News Media plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Independent News for similar time interval.
|Spearman Rank Test||0.02|