NIIT (India) Market Value
| NIITLTD Stock | 222.07 5.91 2.59% |
| 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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in NIIT on November 4, 2024 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 Pilani Investment, Kalyani Investment, Sambhaav Media, Cholamandalam Investment, Touchwood Entertainment, AUTHUM INVESTMENT, and Bodhi Tree. 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.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1166 | |||
| Maximum Drawdown | 22.76 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 6.66 |
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 | 0.1183 | |||
| Jensen Alpha | 0.6392 | |||
| Total Risk Alpha | 0.0266 | |||
| Sortino Ratio | 0.166 | |||
| Treynor Ratio | (1.01) |
NIIT Limited Backtested Returns
NIIT appears to be very steady, given 3 months investment horizon. NIIT Limited has Sharpe Ratio of 0.0848, which conveys that the firm had a 0.0848% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NIIT, which you can use to evaluate the volatility of the firm. Please exercise NIIT's mean deviation of 2.82, and Risk Adjusted Performance of 0.1183 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NIIT holds a performance score of 6. The company secures a Beta (Market Risk) of -0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning NIIT are expected to decrease at a much lower rate. During the bear market, NIIT is likely to outperform the market. Please check NIIT's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether NIIT's current price movements will revert.
Auto-correlation | 0.40 |
Average predictability
NIIT Limited has average predictability. Overlapping area represents the amount of predictability between NIIT time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 NIIT Limited price movement. The serial correlation of 0.4 indicates that just about 40.0% of current NIIT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 274.67 |
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.