Independent Stock Market Value

INDB -  USA Stock  

USD 80.84  0.17  0.21%

Independent's market value is the price at which a share of Independent stock trades on a public exchange. It measures the collective expectations of Independent Bk Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Independent Bk Corp and determine expected loss or profit from investing in Independent over a given investment horizon. Please see Independent Hype Analysis, Independent Correlation, Independent Valuation, Independent Volatility, as well as analyze Independent Alpha and Beta and Independent Performance.
Symbol
Backtest


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 Bk Corp underlying business (such as 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.

Independent 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Independent's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Independent.
0.00
11/29/2019
No Change 0.00  0.0 
In 1 year 10 months and 22 days
10/19/2021
0.00
If you would invest  0.00  in Independent on November 29, 2019 and sell it all today you would earn a total of 0.00 from holding Independent Bk Corp or generate 0.0% return on investment in Independent over 690 days. Independent is related to or competes with Merchants Bancorp. Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking ...

Independent Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Independent's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Independent Bk Corp upside and downside potential and time the market with a certain degree of confidence.

Independent Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Independent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Independent's standard deviation. In reality, there are many statistical measures that can use Independent historical prices to predict the future Independent's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Independent's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Independent in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
78.4480.1181.78
Details
Intrinsic
Valuation
LowReal ValueHigh
71.2972.9688.46
Details
Naive
Forecast
LowNext ValueHigh
74.9876.6578.33
Details
3 Analysts
Consensus
LowTarget PriceHigh
70.0080.6790.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Independent. Your research has to be compared to or analyzed against Independent's peers to derive any actionable benefits. When done correctly, Independent's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Independent Bk Corp.

Independent Bk Corp Backtested Returns

Independent appears to be very steady, given 3 months investment horizon. Independent Bk Corp holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had 0.13% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Independent Bk Corp, which you can use to evaluate the future volatility of the firm. Please utilize Independent's Market Risk Adjusted Performance of 0.1655, risk adjusted performance of 0.104, and Downside Deviation of 1.58 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Independent holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.2832, 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 0.22% will be sustainable into the future. Please utilizes Independent downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio to make a quick decision on whether Independent Bk Corp current trending patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.29)   

Weak reverse predictability

Independent Bk Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Independent time series from 29th of November 2019 to 8th of November 2020 and 8th of November 2020 to 19th of October 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Independent Bk Corp price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Independent price fluctuation can be explain by its past prices. Given that Independent Bk Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Independent for similar time interval.
Correlation Coefficient-0.29
Spearman Rank Test0.05
Residual Average0.0
Price Variance36.64

Independent Bk Corp lagged returns against current returns

Autocorrelation, which is Independent stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Independent's stock expected returns. We can calculate the autocorrelation of Independent returns to help us make a trade decision. For example, suppose you find that Independent stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Independent regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Independent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Independent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Independent stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Independent Lagged Returns

When evaluating Independent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Independent stock have on its future price. Independent autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Independent autocorrelation shows the relationship between Independent stock current value and its past values and can show if there is a momentum factor associated with investing in Independent Bk Corp.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Independent without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please see Independent Hype Analysis, Independent Correlation, Independent Valuation, Independent Volatility, as well as analyze Independent Alpha and Beta and Independent Performance. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Independent Stock analysis

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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Independent technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Independent technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Independent trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...