ICICI Prudential (India) Market Value

0P000148GT -  India Fund  

INR 10.43  0.05  0.48%

ICICI Prudential's market value is the price at which a share of ICICI Prudential stock trades on a public exchange. It measures the collective expectations of ICICI Prudential Constant investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of ICICI Prudential Constant and determine expected loss or profit from investing in ICICI Prudential over a given investment horizon. Please continue to ICICI Prudential Hype Analysis, ICICI Prudential Correlation, Portfolio Optimization, ICICI Prudential Volatility, as well as analyze ICICI Prudential Alpha and Beta and ICICI Prudential Performance.
Symbol
Backtest

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 ICICI Prudential value 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 fund 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
09/16/2021
No Change 0.00  0.0 
In 30 days
10/16/2021
0.00
If you would invest  0.00  in ICICI Prudential on September 16, 2021 and sell it all today you would earn a total of 0.00 from holding ICICI Prudential Constant or generate 0.0% return on investment in ICICI Prudential over 30 days. To generate income primarily by investing in portfolio of Government Securities while maintaining constant maturity of t...

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 fund 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 Constant upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of ICICI Prudential's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of ICICI Prudential in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.6910.4311.17
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Intrinsic
Valuation
LowReal ValueHigh
9.229.9610.70
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as ICICI Prudential. Your research has to be compared to or analyzed against ICICI Prudential's peers to derive any actionable benefits. When done correctly, ICICI Prudential's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in ICICI Prudential Con.

ICICI Prudential Con Backtested Returns

ICICI Prudential Con holds Efficiency (Sharpe) Ratio of -0.0822, which attests that the fund had -0.0822% of return per unit of risk over the last 3 months. Macroaxis approach towards determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ICICI Prudential Con exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out ICICI Prudential to validate the risk estimate we provide.
The entity retains a Market Volatility (i.e., Beta) of -0.0674, which attests to not very significant fluctuations relative to the market. Let's try to break down what ICICI's beta means in this case. 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. Even though it is essential to pay attention to ICICI Prudential Con current price history, it is always good to be careful when utilizing equity current price movements. Our approach towards determining any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ICICI Prudential Con exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.20)   

Insignificant reverse predictability

ICICI Prudential Constant has insignificant reverse predictability. Overlapping area represents the amount of predictability between ICICI Prudential time series from 16th of September 2021 to 1st of October 2021 and 1st of October 2021 to 16th of October 2021. 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 Con price movement. The serial correlation of -0.2 indicates that over 20.0% of current ICICI Prudential price fluctuation can be explain by its past prices. Given that ICICI Prudential Constant has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ICICI Prudential for similar time interval.
Correlation Coefficient-0.2
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.0

ICICI Prudential Con lagged returns against current returns

Autocorrelation, which is ICICI Prudential fund'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 fund 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 fund 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICICI Prudential fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICICI Prudential fund over time.
 Current vs Lagged Prices 
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      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 fund 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 fund current value and its past values and can show if there is a momentum factor associated with investing in ICICI Prudential Constant.
 Regressed Prices 
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      Timeline 

ICICI Prudential Investors Sentiment

The influence of ICICI Prudential's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ICICI. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - 0P000148GT

ICICI Prudential Con Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in ICICI Prudential Constant. What is your judgment towards investing in ICICI Prudential Constant? Are you bullish or bearish?
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50% Bullish
50% Bearish
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Thematic Opportunities

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Please continue to ICICI Prudential Hype Analysis, ICICI Prudential Correlation, Portfolio Optimization, ICICI Prudential Volatility, as well as analyze ICICI Prudential Alpha and Beta and ICICI Prudential Performance. Note that the ICICI Prudential Con information on this page should be used as a complementary analysis to other ICICI Prudential's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for ICICI Fund

When running ICICI Prudential Con price analysis, check to measure ICICI Prudential's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICICI Prudential is operating at the current time. Most of ICICI Prudential's value examination focuses on studying past and present price action to predict the probability of ICICI Prudential's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ICICI Prudential's price. Additionally, you may evaluate how the addition of ICICI Prudential to your portfolios can decrease your overall portfolio volatility.
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