Independent News (Ireland) Risk Analysis And Volatility Evaluation

IPDC -- Ireland Stock  

EUR 0.07  0.001  1.34%

We consider Independent News abnormally risky. Independent News Media holds Efficiency (Sharpe) Ratio of 0.0086 which attests that Independent News Media had 0.0086% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Independent News Media which you can use to evaluate future volatility of the corporation. Please check out Independent News Downside Deviation of 3.78, Market Risk Adjusted Performance of 2.67 and Risk Adjusted Performance of 0.0885 to validate if risk estimate we provide are consistent with the epected return of 0.0241%.
Horizon     30 Days    Login   to change

Independent News Market Sensitivity

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.
One Month Beta |Analyze Independent News Media Demand Trend
Check current 30 days Independent News correlation with market (DOW)
β = 0.0824

Independent News Central Daily Price Deviation

Independent News Media Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Independent News Media Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Independent News Projected Return Density Against Market

Assuming 30 trading days horizon, Independent News has beta of 0.0824 . This indicates as returns on market go up, Independent News average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Independent News Media plc will be expected to be much smaller as well. Moreover, Independent News Media plc has an alpha of 0.2187 implying that it can potentially generate 0.2187% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Independent News is 11593.53. The daily returns are destributed with a variance of 7.82 and standard deviation of 2.8. The mean deviation of Independent News Media plc is currently at 1.82. For similar time horizon, the selected benchmark (DOW) has volatility of 1.2
α
Alpha over DOW
=0.22
β
Beta against DOW=0.08
σ
Overall volatility
=2.80
Ir
Information ratio =0.06

Independent News Return Volatility

Independent News Media plc accepts 2.7958% volatility on return distribution over the 30 days horizon. DOW inherits 1.225% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

Independent News Investment Opportunity

Independent News Media plc has a volatility of 2.8 and is 2.28 times more volatile than DOW. 25% of all equities and portfolios are less risky than Independent News. Compared to the overall equity markets, volatility of historical daily returns of Independent News Media plc is lower than 25 (%) of all global equities and portfolios over the last 30 days. Use Independent News Media plc to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Independent News to be traded at €0.0716 in 30 days. 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.

Independent News correlation with market

correlation synergy
Significant diversification
Overlapping area represents the amount of risk that can be diversified away by holding Independent News Media plc and equity matching DJI index in the same portfolio.

Independent News Volatility Indicators

Independent News Media plc Current Risk Indicators

Please also check Risk vs Return Analysis. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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