ICICI Prudential's market value is the price at which a share of ICICI Prudential trades on a public exchange. It measures the collective expectations of ICICI Prudential Nifty investors about its performance. ICICI Prudential is selling at 92.08 as of the 2nd of December 2024; that is No Change since the beginning of the trading day. The etf's open price was 92.08. With this module, you can estimate the performance of a buy and hold strategy of ICICI Prudential Nifty and determine expected loss or profit from investing in ICICI Prudential over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
ICICI
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.
0.00
09/03/2024
No Change 0.00
0.0
In 2 months and 31 days
12/02/2024
0.00
If you would invest 0.00 in ICICI Prudential on September 3, 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 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.
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.
ICICI Prudential appears to be very steady, given 3 months investment horizon. ICICI Prudential Nifty holds Efficiency (Sharpe) Ratio of 0.13, which attests that the etf had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for ICICI Prudential Nifty, which you can use to evaluate the volatility of the entity. Please utilize ICICI Prudential's standard deviation of 3.13, and Coefficient Of Variation of 812.4 to validate if our risk estimates are consistent with your expectations. The entity retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ICICI Prudential's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICICI Prudential is expected to be smaller as well.
Auto-correlation
0.00
No correlation between past and present
ICICI Prudential Nifty has no correlation between past and present. Overlapping area represents the amount of predictability between ICICI Prudential time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 0.0 indicates that just 0.0% of current ICICI Prudential price fluctuation can be explain by its past prices.
Correlation Coefficient
0.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
80.95
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.