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

IPDC -- Ireland Stock  

EUR 0.07  0.001  1.32%

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.
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
 0.07 30 days 0.07  OVER 95.55%
Based on normal probability distribution, the odds of Independent News to move above current price in 30 days from now is over 95.55% (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 -1.3099 . This indicates as returns on its benchmark rise, returns on holding Independent News Media plc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Independent News is expected to outperform its benchmark. 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
=0.02
β
Beta against DOW=1.31
σ
Overall volatility
=0.003854
Ir
Information ratio =0.11

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
Independent News has high historical volatility and very poor performance
Latest headline from www.independent.ie: Richard Curran Ryanair takes backward step with AGM media ban

Price Density Drivers

Independent News Health Indicators

Average Daily Volume Last 10 Day93.08k
Average Daily Volume In Three Month321.77k
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 Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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