NIFTY MNC (India) Price on October 23, 2024
| NIFTYMNC | 29,519 271.40 0.93% |
Below is the normalized historical share price chart for NIFTY MNC extending back to February 01, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NIFTY MNC stands at 29,519, as last reported on the 11th of December 2024, with the highest price reaching 29,519 and the lowest price hitting 29,519 during the day.
If you're considering investing in NIFTY Index, it is important to understand the factors that can impact its price. NIFTY MNC has Sharpe Ratio of -0.0961, which conveys that the entity had a -0.0961% return per unit of risk over the last 3 months. NIFTY MNC exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. NIFTY Index price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.0961
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NIFTYMNC |
Estimated Market Risk
| 0.96 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NIFTY MNC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NIFTY MNC by adding NIFTY MNC to a well-diversified portfolio.
NIFTY MNC Valuation on October 23, 2024
It is possible to determine the worth of NIFTY MNC on a given historical date. On October 23, 2024 NIFTY was worth 29982.75 at the beginning of the trading date compared to the closed value of 29875.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NIFTY MNC index. Still, in general, we apply an absolute valuation method to find NIFTY MNC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NIFTY MNC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NIFTY MNC's related companies.
| Open | High | Low | Close | Volume | |
| 30,592 | 30,697 | 30,036 | 30,094 | 31,707,300 | |
10/23/2024 | 29,983 | 30,261 | 29,841 | 29,876 | 31,401,000 |
| 29,936 | 29,941 | 29,285 | 29,402 | 38,747,700 |
| Backtest NIFTY MNC | | | NIFTY MNC History | Previous | Next |
NIFTY MNC Trading Date Momentum on October 23, 2024
| On October 24 2024 NIFTY MNC was traded for 29,402 at the closing time. The highest price during the trading period was 29,941 and the lowest recorded bid was listed for 29,285 . The volume for the day was 38.7 M. This history from October 24, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.58% . The trading delta at closing time to the current price is 1.53% . |
Price Boundaries
NIFTY MNC Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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NIFTY MNC December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how NIFTY MNC index reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NIFTY MNC shares will generate the highest return on investment. By undertsting and applying NIFTY MNC index market strength indicators, traders can identify NIFTY MNC entry and exit signals to maximize returns
NIFTY MNC Technical Drivers
NIFTY MNC December 11, 2024 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NIFTY MNC's price direction in advance. Along with the technical and fundamental analysis of NIFTY Index historical price patterns, it is also worthwhile for investors to track various predictive indicators of NIFTY to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Mean Deviation | 0.7498 | |||
| Coefficient Of Variation | (1,103) | |||
| Standard Deviation | 0.9471 | |||
| Variance | 0.897 | |||
| Information Ratio | (0.22) | |||
| Total Risk Alpha | (0.25) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.32 | |||
| Skewness | (0.33) | |||
| Kurtosis | (0.27) |
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