Independent News (Ireland) Probability of Target Price Finishing Over

IPDC -- Ireland Stock  

EUR 0.1  0.0008  0.82%

Independent News probability of target price tool provides mechanism to make assumptions about upside and downside potential of Independent News Media plc performance during a given time horizon utilizing its historical volatility. Please specify Independent News time horizon, a valid symbol (red box) and a target price (blue box) you would like Independent News odds to be computed. Please also check Independent News Backtesting, Independent News Valuation, Independent News Correlation, Independent News Hype Analysis, Independent News Volatility, Independent News History as well as Independent News Performance.
 Time Horizon     30 Days    Login   to change
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Independent News Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.1 30 days 0.1  ABOUT 19.68%
Based on normal probability distribution, the odds of Independent News to move above current price in 30 days from now is about 19.68% (This Independent News Media plc probability density function shows the probability of Independent News Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Independent News has beta of 0.1733 . 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. Additionally Independent News Media plc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Independent News Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.35
β
Beta against DOW=0.17
σ
Overall volatility
=0.05
Ir
Information ratio =0.72

Independent News Alerts

Independent News Alerts and Suggestions
Independent News generates negative expected return over the last 30 days
Independent News has some characteristics of a very speculative penny stock
Please also check Independent News Backtesting, Independent News Valuation, Independent News Correlation, Independent News Hype Analysis, Independent News Volatility, Independent News History as well as Independent News Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.