We consider Independent News out of control. Independent News Media holds Efficiency (Sharpe) Ratio of 0.0269 which attests that the entity had 0.0269% of return per unit of risk over the last 2 months. 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 Risk Adjusted Performance of 0.0263, Market Risk Adjusted Performance of
(0.39) and Downside Deviation of 3.33 to validate if risk estimate we provide are consistent with the epected return of 0.0797%.
|Horizon||30 Days Login to change|
Independent News Market Sensitivity
|As returns on market increase, returns on owning Independent News are expected to decrease at a much smaller rate. During bear market, Independent News is likely to outperform the market. 2 Months Beta |Analyze Independent News Media Demand TrendCheck current 30 days Independent News correlation with market (DOW)|
β = -0.1664
Independent News Central Daily Price Deviation
Independent News Media Technical Analysis
Independent News Projected Return Density Against MarketAssuming 30 trading days horizon, Independent News Media plc has beta of -0.1664 . This indicates as returns on benchmark increase, returns on holding Independent News are expected to decrease at a much smaller rate. During bear market, however, Independent News Media plc is likely to outperform the market. Moreover, The company has an alpha of 0.0774 implying that it can potentially generate 0.0774% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of Independent News is 3719.41. The daily returns are destributed with a variance of 8.79 and standard deviation of 2.97. The mean deviation of Independent News Media plc is currently at 1.91. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.17|
Independent News Return Volatilitythe enterprise accepts 2.9651% volatility on return distribution over the 30 days horizon. the entity inherits 0.6865% risk (volatility on return distribution) over the 30 days horizon.
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Independent News Media plc has a volatility of 2.97 and is 4.3 times more volatile than DOW. 26% 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 26 (%) of all global equities and portfolios over the last 30 days. Use Independent News Media plc to enhance returns of your portfolios. The stock experiences very speculative upward sentiment. . Check odds of Independent News to be traded at 0.0813 in 30 days. . As returns on market increase, returns on owning Independent News are expected to decrease at a much smaller rate. During bear market, Independent News is likely to outperform the market.
Independent News correlation with market
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