Macroaxis considers Independent News to be abnormally risky. Independent News Media
holds Efficiency (Sharpe) Ratio of -0.1922 which attests that Independent News Media
had -0.1922% of return per unit of risk over the last 1 month. 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 0.5025 and Risk Adjusted Performance
of 0.08 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 -1.2811 which attests that as returns on market increase, returns on owning Independent News are expected to decrease by larger amounts. On the other hand, during market turmoil, Independent News is expected to significantly outperform it.. 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 -0.621%. 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|| 0.43 |
Independent News Media plc has average predictability. Overlapping area represents the amount of predictability between Independent News time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 0.43 indicates that just about 43.0% of current Independent News price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.7|