Nippon India's market value is the price at which a share of Nippon India trades on a public exchange. It measures the collective expectations of Nippon India ETF investors about its performance. Nippon India is trading at 59.02 as of the 7th of January 2025, a 0.29 percent increase since the beginning of the trading day. The etf's open price was 58.85. With this module, you can estimate the performance of a buy and hold strategy of Nippon India ETF and determine expected loss or profit from investing in Nippon India over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Nippon
Nippon India '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 Nippon India's etf 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 Nippon India.
0.00
01/13/2024
No Change 0.00
0.0
In 11 months and 27 days
01/07/2025
0.00
If you would invest 0.00 in Nippon India on January 13, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon India ETF or generate 0.0% return on investment in Nippon India over 360 days.
Nippon India 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 Nippon India's etf 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 Nippon India ETF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon India's standard deviation. In reality, there are many statistical measures that can use Nippon India historical prices to predict the future Nippon India's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nippon India. Your research has to be compared to or analyzed against Nippon India's peers to derive any actionable benefits. When done correctly, Nippon India's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nippon India ETF.
Nippon India ETF Backtested Returns
At this point, Nippon India is very steady. Nippon India ETF has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nippon India, which you can use to evaluate the volatility of the etf. Please verify Nippon India's Risk Adjusted Performance of 0.0576, downside deviation of 0.1765, and Mean Deviation of 0.1235 to check out if the risk estimate we provide is consistent with the expected return of 0.0255%. The etf secures a Beta (Market Risk) of 0.0358, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nippon India's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nippon India is expected to be smaller as well.
Auto-correlation
0.92
Excellent predictability
Nippon India ETF has excellent predictability. Overlapping area represents the amount of predictability between Nippon India time series from 13th of January 2024 to 11th of July 2024 and 11th of July 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nippon India ETF price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Nippon India price fluctuation can be explain by its past prices.
Correlation Coefficient
0.92
Spearman Rank Test
0.96
Residual Average
0.0
Price Variance
0.4
Nippon India ETF lagged returns against current returns
Autocorrelation, which is Nippon India etf'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 Nippon India's etf expected returns. We can calculate the autocorrelation of Nippon India returns to help us make a trade decision. For example, suppose you find that Nippon India has exhibited high autocorrelation historically, and you observe that the etf 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
Nippon India 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 Nippon India etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon India etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon India etf over time.
Current vs Lagged Prices
Timeline
Nippon India Lagged Returns
When evaluating Nippon India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon India etf have on its future price. Nippon India 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, Nippon India autocorrelation shows the relationship between Nippon India etf current value and its past values and can show if there is a momentum factor associated with investing in Nippon India ETF.
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.