Independent News (Ireland) Probability of Target Price Finishing Over Current Price

    IPDC -- Ireland Stock  

    EUR 0.08  0.004  5.33%

    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 Risk vs Return Analysis.
    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
     0.08 30 days 0.08  ABOUT 9.45%
    Based on normal probability distribution, the odds of Independent News to move above current price in 30 days from now is about 9.45% (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 Media plc has beta of -0.217 . 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. Additionally Independent News Media plc has an alpha of 0.3498 implying that it can potentially generate 0.3498% excess return over DOW after adjusting for the inherited market risk (beta).
     Independent News Price Density 
          Price 
    α
    Alpha over DOW
    =0.35
    β
    Beta against DOW=0.22
    σ
    Overall volatility
    =0.003114
    Ir
    Information ratio =0.11

    Independent News Alerts

    Independent News Alerts and Suggestions

    Independent News is not yet fully synchronised with the market data
    Independent News has some characteristics of a very speculative penny stock
    Independent News appears to be very risky and stock price may revert if volatility continues

    Price Density Drivers

    Independent News Health Indicators

    Average Daily Volume Last 10 Day2.35M
    Average Daily Volume In Three Month684.95k
    Please also check Risk vs Return Analysis. Please 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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