Independent Stock Performance

INDB -  USA Stock  

USD 86.99  0.70  0.81%

Independent has performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.1755, which attests to a somewhat significant risk relative to the market. Let's try to break down what Independent's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Independent will likely underperform. Although it is extremely important to respect Independent Bk Corp current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Independent Bk Corp technical indicators, you can presently evaluate if the expected return of 0.0675% will be sustainable into the future. Independent Bk Corp right now retains a risk of 1.82%. Please check out Independent information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if Independent will be following its current trending patterns.

Independent Stock Performance 

 
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Independent Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Independent Bk Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong fundamental indicators, Independent is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Independent Price Channel

Fifty Two Week Low68.14
Target High Price100.00
Payout Ratio40.77%
Fifty Two Week High99.85
Target Low Price88.00
Trailing Annual Dividend Yield2.19%

Independent Relative Risk vs. Return Landscape

If you would invest  8,427  in Independent Bk Corp on October 20, 2021 and sell it today you would earn a total of  272.00  from holding Independent Bk Corp or generate 3.23% return on investment over 90 days. Independent Bk Corp is currently generating 0.0675% in daily expected returns and assumes 1.817% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of stocks are less volatile than Independent, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Independent is expected to generate 2.28 times more return on investment than the market. However, the company is 2.28 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly 0.02 per unit of risk.

Independent Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Independent's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Independent Bk Corp, and traders can use it to determine the average amount a Independent's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0371

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Estimated Market Risk
 1.82
  actual daily
 
 15 %
of total potential
 
1515
Expected Return
 0.07
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.04
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average Independent is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Independent by adding it to a well-diversified portfolio.

About Independent Performance

To evaluate Independent Bk Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Independent generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Independent Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Independent Bk Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Independent's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets 0.0103  0.0114 
Return on Average Equity 0.08  0.1 
Return on Invested Capital 0.0149  0.0163 
Return on Sales 0.41  0.42 
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1432 people.

Things to note about Independent Bk Corp

Checking the ongoing alerts about Independent for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Independent Bk Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Independent Alerts

Equity Alerts and Improvement Suggestions

Independent Bk Corp is unlikely to experience financial distress in the next 2 years
About 66.0% of the company shares are owned by institutional investors
Latest headline from tearsheet.co: 2021 US fintech IPO review in 4 charts Most stocks are starting the year in the red Tearsheet - Tearsheet
Please see Risk vs Return Analysis. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Independent Bk Corp price analysis, check to measure Independent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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Is Independent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Independent Bk Corp is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent's value that differs from its market value or its book value, called intrinsic value, which is Independent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent's market value can be influenced by many factors that don't directly affect Independent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.