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

IPDC -- Ireland Stock  

EUR 0.07  0.0008  1.23%

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  ABOUT 7.7%
Based on normal probability distribution, the odds of Independent News to move above current price in 30 days from now is about 7.7% (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 0.1523 . 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 The company has an alpha of 0.3442 implying that it can potentially generate 0.3442% excess return over DOW after adjusting for the inherited market risk (beta).
 Independent News Price Density 
      Price 
α
Alpha over DOW
=0.34
β
Beta against DOW=0.15
σ
Overall volatility
=0.002755
Ir
Information ratio =0.11

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Independent News Health Indicators

Average Daily Volume Last 10 Day156.62k
Average Daily Volume In Three Month284.99k
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 Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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