Icici Prudential (India) Market Value
| FMCGIETF | 59.72 0.23 0.39% |
| Symbol | Icici |
Please note, there is a significant difference between Icici Prudential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icici Prudential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icici Prudential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Icici Prudential '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 Icici Prudential'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 Icici Prudential.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Icici Prudential on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Icici Prudential Nifty or generate 0.0% return on investment in Icici Prudential over 90 days. Icici Prudential is related to or competes with Kingfa Science, GTL, Agro Phos, Indo Amines, Rico Auto, GACM Technologies, and Exide Industries. Icici Prudential is entity of India. It is traded as Etf on NSE exchange. More
Icici Prudential 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 Icici Prudential'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 Icici Prudential Nifty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 4.94 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.24 |
Icici Prudential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icici Prudential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icici Prudential's standard deviation. In reality, there are many statistical measures that can use Icici Prudential historical prices to predict the future Icici Prudential's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.36 |
Icici Prudential Nifty Backtested Returns
Icici Prudential Nifty holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% return per unit of risk over the last 3 months. Icici Prudential Nifty exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icici Prudential's Market Risk Adjusted Performance of 1.37, risk adjusted performance of (0.13), and Standard Deviation of 0.9242 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icici Prudential are expected to decrease at a much lower rate. During the bear market, Icici Prudential is likely to outperform the market.
Auto-correlation | 0.35 |
Below average predictability
Icici Prudential Nifty has below average predictability. Overlapping area represents the amount of predictability between Icici Prudential time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Icici Prudential Nifty price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Icici Prudential price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Icici Prudential Nifty lagged returns against current returns
Autocorrelation, which is Icici Prudential 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 Icici Prudential's etf expected returns. We can calculate the autocorrelation of Icici Prudential returns to help us make a trade decision. For example, suppose you find that Icici Prudential 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 |
Icici Prudential 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 Icici Prudential etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icici Prudential etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icici Prudential etf over time.
Current vs Lagged Prices |
| Timeline |
Icici Prudential Lagged Returns
When evaluating Icici Prudential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icici Prudential etf have on its future price. Icici Prudential 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, Icici Prudential autocorrelation shows the relationship between Icici Prudential etf current value and its past values and can show if there is a momentum factor associated with investing in Icici Prudential Nifty.
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 Icici Etf
Icici Prudential financial ratios help investors to determine whether Icici Etf 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 Icici with respect to the benefits of owning Icici Prudential security.