NIFTY SUMER's market value is the price at which a share of NIFTY SUMER trades on a public exchange. It measures the collective expectations of NIFTY SUMER DURABLES investors about its performance. NIFTY SUMER is offered at 36117.40 as of the 19th of March 2025; that is 1.53 percent up since the beginning of the trading day. The index's last reported lowest price was 35656.6. With this module, you can estimate the performance of a buy and hold strategy of NIFTY SUMER DURABLES and determine expected loss or profit from investing in NIFTY SUMER over a given investment horizon. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in persons.
Symbol
NIFTY
NIFTY SUMER '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 NIFTY SUMER's index 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 NIFTY SUMER.
0.00
12/19/2024
No Change 0.00
0.0
In 3 months and 1 day
03/19/2025
0.00
If you would invest 0.00 in NIFTY SUMER on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding NIFTY SUMER DURABLES or generate 0.0% return on investment in NIFTY SUMER over 90 days.
NIFTY SUMER 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 NIFTY SUMER's index 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 NIFTY SUMER DURABLES 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 NIFTY SUMER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIFTY SUMER's standard deviation. In reality, there are many statistical measures that can use NIFTY SUMER historical prices to predict the future NIFTY SUMER's volatility.
NIFTY SUMER DURABLES has Sharpe Ratio of -0.17, which conveys that the entity had a -0.17 % return per unit of risk over the last 3 months. NIFTY SUMER exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. The index secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and NIFTY SUMER are completely uncorrelated.
Auto-correlation
0.57
Modest predictability
NIFTY SUMER DURABLES has modest predictability. Overlapping area represents the amount of predictability between NIFTY SUMER time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 NIFTY SUMER DURABLES price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current NIFTY SUMER price fluctuation can be explain by its past prices.
Correlation Coefficient
0.57
Spearman Rank Test
0.58
Residual Average
0.0
Price Variance
1.9 M
NIFTY SUMER DURABLES lagged returns against current returns
Autocorrelation, which is NIFTY SUMER index'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 NIFTY SUMER's index expected returns. We can calculate the autocorrelation of NIFTY SUMER returns to help us make a trade decision. For example, suppose you find that NIFTY SUMER has exhibited high autocorrelation historically, and you observe that the index 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
NIFTY SUMER 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 NIFTY SUMER index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIFTY SUMER index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIFTY SUMER index over time.
Current vs Lagged Prices
Timeline
NIFTY SUMER Lagged Returns
When evaluating NIFTY SUMER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIFTY SUMER index have on its future price. NIFTY SUMER 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, NIFTY SUMER autocorrelation shows the relationship between NIFTY SUMER index current value and its past values and can show if there is a momentum factor associated with investing in NIFTY SUMER DURABLES.
Regressed Prices
Timeline
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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.