Independent News (Ireland) Backtesting

IPDC -- Ireland Stock  

EUR 0.09  0.0038  3.89%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Independent News Media plc and determine expected loss or profit from investing in Independent News over given investment horizon. Please also check Independent News Hype Analysis, Independent News Correlation, Independent News Valuation, Independent News Volatility as well as analyze Independent News Alpha and Beta and Independent News Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Independent News 'What if' Analysis

June 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 20, 2018
0.00
If you would invest  0.00  in Independent News on June 20, 2018 and sell it all today you would earn a total of 0.00 from holding Independent News Media plc or generate 0.0% return on investment in Independent News over 30 days. Independent News is related to or competes with CRH plc, Kerry Group, Smurfit Kappa, Kingspan Group, Glanbia plc, CC Group, and ORIGIN ENTERPRISE.

Independent News Upside/Downside Indicators

Information Ratio0.76
Maximum Drawdown1.02
Value At Risk1.01
  

Independent News Market Premium Indicators

Risk Adjusted Performance0.24
Jensen Alpha0.16
Total Risk Alpha0.22
Treynor Ratio1.35

Independent News Media Backtested Returns

Macroaxis considers Independent News to be abnormally risky. Independent News Media holds Efficiency (Sharpe) Ratio of -0.303 which attests that Independent News Media had -0.303% 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 1.34 and Risk Adjusted Performance of 0.24 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 0.1097 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 -0.429%. 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.23 

Weak predictability

Independent News Media plc has weak predictability. Overlapping area represents the amount of predictability between Independent News time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 0.23 indicates that over 23.0% of current Independent News price fluctuation can be explain by its past prices.
Correlation Coefficient 0.23
Spearman Rank Test 0.14
Average Price 0.1
Lagged Average Price 0.1

Independent News Media lagged returns against current returns

 Current and Lagged Values 
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Independent News regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Independent News Lagged Returns

 Regressed Prices 
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Current Sentiment - IPDC

Independent News Media Investor Sentiment
Macroaxis portfolio users are indifferent in their judgment towards investing in Independent News Media plc. What is your judgment towards investing in Independent News Media plc? Are you bullish or bearish?
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Please also check Independent News Hype Analysis, Independent News Correlation, Independent News Valuation, Independent News Volatility as well as analyze Independent News Alpha and Beta and Independent News Performance. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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