Nestle India (India) Market Value
| NESTLEIND | 2,274 5.95 0.26% |
| Symbol | Nestle |
Nestle India '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 Nestle India'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 Nestle India.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nestle India on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nestle India Limited or generate 0.0% return on investment in Nestle India over 30 days. Nestle India is related to or competes with IdeaForge Technology, Indian Card, Le Travenues, Ankit Metal, Total Transport, Rajnandini Metal, and California Software. Nestle India is entity of India. It is traded as Stock on NSE exchange. More
Nestle India 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 Nestle India'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 Nestle India Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 1.76 |
Nestle India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nestle India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nestle India's standard deviation. In reality, there are many statistical measures that can use Nestle India historical prices to predict the future Nestle India's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.36 |
Nestle India Limited Backtested Returns
Nestle India Limited has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nestle India exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nestle India's Risk Adjusted Performance of (0.10), mean deviation of 0.854, and Standard Deviation of 1.14 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nestle India are expected to decrease at a much lower rate. During the bear market, Nestle India is likely to outperform the market. At this point, Nestle India Limited has a negative expected return of -0.15%. Please make sure to verify Nestle India's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Nestle India Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Nestle India Limited has below average predictability. Overlapping area represents the amount of predictability between Nestle India 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 Nestle India Limited price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Nestle India price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 914.61 |
Nestle India Limited lagged returns against current returns
Autocorrelation, which is Nestle India 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 Nestle India's stock expected returns. We can calculate the autocorrelation of Nestle India returns to help us make a trade decision. For example, suppose you find that Nestle India 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 |
Nestle India 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 Nestle India stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nestle India stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nestle India stock over time.
Current vs Lagged Prices |
| Timeline |
Nestle India Lagged Returns
When evaluating Nestle India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nestle India stock have on its future price. Nestle India 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, Nestle India autocorrelation shows the relationship between Nestle India stock current value and its past values and can show if there is a momentum factor associated with investing in Nestle India Limited.
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 Nestle Stock
Nestle India financial ratios help investors to determine whether Nestle 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 Nestle with respect to the benefits of owning Nestle India security.