Independence

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Ulcer Index

Score

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 164.0 0.75% 3.00% 17.5% -22.6% 29.9%
SHORT 4 11.5 0.25% 0.33% 4.0% -6.1% -14.2%

Summary

Technical Analysis

Independence (IGO.AX)


Indicator:

ULCER INDEX


Last Signal:

BULLISH


Trading: BUY @ $4.58
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Independence (ASX:IGO) UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 7.514.



A technical indicator that measures downside risk in terms of both depth and duration of price declines. The Ulcer Index (UI) increases in value as the price moves farther away from a recent high and falls as the price rises to new highs. The indicator is usually calculated over 14 days with the UI showing the percentage drawdown a trader can expect from the high over that period. The greater the value of the UI the longer it takes for a stock to get back to the former high.

Calculation: Ulcer Index:
1) Percentage Drawdown = [(Close - 14-period High Close)/14-period High Close] x 100;
2) Squared Average = (14-period Sum of Percentage Drawdown Squared)/14;
3) Ulcer Index = Square Root of Squared Average;


PROFILE: Independence (IGO.AX)


Stock Exchange: ASX
Company: Independence
Ticker Codes: | IGO.AX | ASX:IGO |

About Independence (ASX:IGO):

Independence Group NL operates as a minerals mining, development, and exploration company in Australia. The company operates through Tropicana Operation, Long Operation, Jaguar Operation, Nova Project, and New Business and Regional Exploration Activities segments. It holds a 100% interest in the Jaguar zinc, copper, silver, and gold mine that covers an area of 475 square kilometers of tenements located in Western Australia; the Long nickel mine located near Kambalda in Western Australia; and the Nova nickel and copper project located to the east of Norseman in Western Australia. The company also holds a 30% interest in the Tropicana gold mine that covers an area of 3,000 square kilometers of tenements located to the east northeast of Kalgoorlie. Independence Group NL was founded in 2000 and is headquartered in South Perth, Australia.

Top 10:

Ulcer Index

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