Indie Stock Performance

INDI -  USA Stock  

USD 13.03  0.89  6.39%

On a scale of 0 to 100, Indie Semiconductor holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.6694, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Indie's beta means in this case. As returns on the market increase, returns on owning Indie Semiconductor are expected to decrease at a much lower rate. During the bear market, Indie Semiconductor is likely to outperform the market. Although it is vital to follow Indie Semiconductor current price history, it is good to be conservative about what you can do with the information regarding 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 Indie Semiconductor technical indicators, you can presently evaluate if the expected return of 0.33% will be sustainable into the future. Please utilizes Indie Semiconductor treynor ratio, and the relationship between the standard deviation and downside variance to make a quick decision on whether Indie Semiconductor Cl current trending patterns will revert.

Indie Stock Performance 

 
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Indie Performance
5 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Indie Semiconductor Cl are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly sluggish fundamental indicators, Indie Semiconductor reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Indie Price Channel

Fifty Two Week Low8.00
Target High Price20.00
Fifty Two Week High16.33
Target Low Price14.00

Indie Semiconductor Relative Risk vs. Return Landscape

If you would invest  1,113  in Indie Semiconductor Cl on September 7, 2021 and sell it today you would earn a total of  190.00  from holding Indie Semiconductor Cl or generate 17.07% return on investment over 90 days. Indie Semiconductor Cl is currently generating 0.3311% in daily expected returns and assumes 4.1956% risk (volatility on return distribution) over the 90 days horizon. In different words, 35% of stocks are less volatile than Indie, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Indie Semiconductor is expected to generate 5.04 times more return on investment than the market. However, the company is 5.04 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The DOW is currently generating roughly -0.02 per unit of risk.

Indie Semiconductor Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Indie Semiconductor's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Indie Semiconductor Cl, and traders can use it to determine the average amount a Indie Semiconductor's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0789

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Estimated Market Risk
 4.2
  actual daily
 
 36 %
of total potential
 
3636
Expected Return
 0.33
  actual daily
 
 6 %
of total potential
 
66
Risk-Adjusted Return
 0.08
  actual daily
 
 5 %
of total potential
 
55
Based on monthly moving average Indie Semiconductor is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Indie Semiconductor by adding it to a well-diversified portfolio.

About Indie Semiconductor Performance

To evaluate Indie Semiconductor Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Indie Semiconductor generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Indie Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Indie Semiconductor stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Indie's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash58 K62.6 K
Return on Average Assets(0.32) (0.35) 
Return on Average Equity 3.68  3.66 
Return on Invested Capital(0.32) (0.35) 
Return on Sales(4.21) (4.32) 

Things to note about Indie Semiconductor

Checking the ongoing alerts about Indie Semiconductor for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Indie Semiconductor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Indie Semiconductor Alerts

Equity Alerts and Improvement Suggestions

Indie Semiconductor has very high historical volatility over the last 90 days
Indie Semiconductor has high likelihood to experience some financial distress in the next 2 years
Indie Semiconductor has a frail financial position based on the latest SEC disclosures
Latest headline from www.investors.com: Indie Semiconductor Stock Shows Market Leadership With 92 RS Rating - Investors Business Daily
Please see Risk vs Return Analysis. Note that the Indie Semiconductor information on this page should be used as a complementary analysis to other Indie Semiconductor'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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Indie Semiconductor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Indie Semiconductor. If investors know Indie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Indie Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Indie Semiconductor is measured differently than its book value, which is the value of Indie that is recorded on the company's balance sheet. Investors also form their own opinion of Indie Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is Indie Semiconductor'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 Indie Semiconductor's market value can be influenced by many factors that don't directly affect Indie Semiconductor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Indie Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine Indie Semiconductor value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Indie Semiconductor'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.