Nippon Life (India) Market Value
NAM-INDIA | 524.45 13.30 2.47% |
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.
01/29/2025 |
| 02/28/2025 |
If you would invest 0.00 in Nippon Life on January 29, 2025 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 Bharat Road, AU Small, Bank of Maharashtra, LT Technology, IdeaForge Technology, RBL Bank, and Transportof India. 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.
Information Ratio | (0.12) | |||
Maximum Drawdown | 16.4 | |||
Value At Risk | (5.08) | |||
Potential Upside | 3.88 |
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 | (0.09) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.27) | |||
Treynor Ratio | 7.81 |
Nippon Life India Backtested Returns
Nippon Life India has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12 % return per unit of risk over the last 3 months. Nippon Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nippon Life's Standard Deviation of 2.98, risk adjusted performance of (0.09), and Mean Deviation of 2.14 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.05, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nippon Life are expected to decrease at a much lower rate. During the bear market, Nippon Life is likely to outperform the market. At this point, Nippon Life India has a negative expected return of -0.37%. Please make sure to verify Nippon Life's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Nippon Life India performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Nippon Life India has poor predictability. Overlapping area represents the amount of predictability between Nippon Life time series from 29th of January 2025 to 13th of February 2025 and 13th of February 2025 to 28th of February 2025. 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 0.28 indicates that nearly 28.0% of current Nippon Life price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.28 | |
Spearman Rank Test | 0.32 | |
Residual Average | 0.0 | |
Price Variance | 111.1 |
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.