Independent Bank Stock Market Value
| INDB Stock | USD 72.39 0.60 0.82% |
| Symbol | Independent |
Independent Bank Price To Book Ratio
Is Regional Banks space 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 Independent Bank. If investors know Independent 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 Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 2.26 | Earnings Share 4.6 | Revenue Per Share 15.336 | Quarterly Revenue Growth (0.12) |
The market value of Independent Bank 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 Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank'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 Bank's market value can be influenced by many factors that don't directly affect Independent Bank'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 Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank'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 Bank '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 Bank'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 Bank.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Independent Bank on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Independent Bank or generate 0.0% return on investment in Independent Bank over 90 days. Independent Bank is related to or competes with Capitol Federal, BankFinancial, Business First, First Bancorp, Community West, Heritage Financial, and First Financial. Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking ... More
Independent Bank 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 Bank'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 Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.0467 | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.97 |
Independent Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independent Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Independent Bank's standard deviation. In reality, there are many statistical measures that can use Independent Bank historical prices to predict the future Independent Bank's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0684 | |||
| Treynor Ratio | 0.1145 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Independent Bank'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.
Independent Bank Backtested Returns
Independent Bank appears to be very steady, given 3 months investment horizon. Independent Bank holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Independent Bank, which you can use to evaluate the volatility of the firm. Please utilize Independent Bank's Market Risk Adjusted Performance of 0.1245, downside deviation of 1.75, and Risk Adjusted Performance of 0.0838 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Independent Bank holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 2.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Independent Bank will likely underperform. Please check Independent Bank's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Independent Bank's current trending patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Independent Bank has poor reverse predictability. Overlapping area represents the amount of predictability between Independent Bank time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 2024. 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 Bank price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Independent Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 24.19 |
Independent Bank lagged returns against current returns
Autocorrelation, which is Independent Bank 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 Bank's stock expected returns. We can calculate the autocorrelation of Independent Bank returns to help us make a trade decision. For example, suppose you find that Independent Bank 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Independent Bank 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 Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Independent Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Independent Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Independent Bank Lagged Returns
When evaluating Independent Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Independent Bank stock have on its future price. Independent Bank 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 Bank autocorrelation shows the relationship between Independent Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Independent Bank.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:Check out Independent Bank Correlation, Independent Bank Volatility and Independent Bank Alpha and Beta module to complement your research on Independent Bank. For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Independent Bank 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.