Nippon Life (India) Market Value
| NAM-INDIA | 696.75 9.10 1.29% |
| Symbol | Nippon |
Nippon Life '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 Nippon Life'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 Nippon Life.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nippon Life on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nippon Life India or generate 0.0% return on investment in Nippon Life over 30 days. Nippon Life is related to or competes with ADF Foods, Pondy Oxides, Dharani SugarsChemicals, Zuari Agro, Sapphire Foods, Dhampur Bio, and Neogen Chemicals. Nippon Life is entity of India. It is traded as Stock on NSE exchange. More
Nippon Life 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 Nippon Life'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 Nippon Life India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.12 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.38 |
Nippon Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nippon Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nippon Life's standard deviation. In reality, there are many statistical measures that can use Nippon Life historical prices to predict the future Nippon Life's volatility.| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | 0.0022 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1253 |
Nippon Life India Backtested Returns
At this point, Nippon Life is very steady. Nippon Life India has Sharpe Ratio of 0.0417, which conveys that the firm had a 0.0417% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nippon Life, which you can use to evaluate the volatility of the firm. Please verify Nippon Life's Downside Deviation of 2.09, mean deviation of 1.76, and Risk Adjusted Performance of 0.019 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Nippon Life has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nippon Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nippon Life is expected to be smaller as well. Nippon Life India right now secures a risk of 2.43%. Please verify Nippon Life India sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Nippon Life India will be following its current price movements.
Auto-correlation | 0.21 |
Weak predictability
Nippon Life India has weak predictability. Overlapping area represents the amount of predictability between Nippon Life time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Nippon Life India price movement. The serial correlation of 0.21 indicates that over 21.0% of current Nippon Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 111.54 |
Nippon Life India lagged returns against current returns
Autocorrelation, which is Nippon Life 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 Nippon Life's stock expected returns. We can calculate the autocorrelation of Nippon Life returns to help us make a trade decision. For example, suppose you find that Nippon Life 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 |
Nippon Life 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 Nippon Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nippon Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nippon Life stock over time.
Current vs Lagged Prices |
| Timeline |
Nippon Life Lagged Returns
When evaluating Nippon Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nippon Life stock have on its future price. Nippon Life 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, Nippon Life autocorrelation shows the relationship between Nippon Life stock current value and its past values and can show if there is a momentum factor associated with investing in Nippon Life India.
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 Nippon Stock
Nippon Life financial ratios help investors to determine whether Nippon 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 Nippon with respect to the benefits of owning Nippon Life security.