NIIT (India) Market Value
| NIITLTD Stock | 111.50 4.49 3.87% |
| Symbol | NIIT |
NIIT '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 NIIT'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 NIIT.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in NIIT on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding NIIT Limited or generate 0.0% return on investment in NIIT over 30 days. NIIT is related to or competes with HDFC Life, Healthcare Global, General Insurance, Zota Health, Transportof India, One 97, and Fortis Healthcare. NIIT is entity of India. It is traded as Stock on NSE exchange. More
NIIT 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 NIIT'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 NIIT Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 12.67 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 4.05 |
NIIT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NIIT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NIIT's standard deviation. In reality, there are many statistical measures that can use NIIT historical prices to predict the future NIIT's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.95) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (3.01) |
NIIT Limited Backtested Returns
NIIT Limited has Sharpe Ratio of -0.35, which conveys that the firm had a -0.35 % return per unit of volatility over the last 3 months. NIIT exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NIIT's risk adjusted performance of (0.22), and Mean Deviation of 2.54 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NIIT's returns are expected to increase less than the market. However, during the bear market, the loss of holding NIIT is expected to be smaller as well. At this point, NIIT Limited has a negative expected return of -1.08%. Please make sure to verify NIIT's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if NIIT Limited performance from the past will be repeated in the future.
Auto-correlation | 0.87 |
Very good predictability
NIIT Limited has very good predictability. Overlapping area represents the amount of predictability between NIIT time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 NIIT Limited price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current NIIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 31.4 |
NIIT Limited lagged returns against current returns
Autocorrelation, which is NIIT 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 NIIT's stock expected returns. We can calculate the autocorrelation of NIIT returns to help us make a trade decision. For example, suppose you find that NIIT 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 |
NIIT 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 NIIT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NIIT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NIIT stock over time.
Current vs Lagged Prices |
| Timeline |
NIIT Lagged Returns
When evaluating NIIT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NIIT stock have on its future price. NIIT 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, NIIT autocorrelation shows the relationship between NIIT stock current value and its past values and can show if there is a momentum factor associated with investing in NIIT Limited.
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.Other Information on Investing in NIIT Stock
NIIT financial ratios help investors to determine whether NIIT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NIIT with respect to the benefits of owning NIIT security.