Random_Fool_11

NIFTY 50 - History Repeating Itself !!!

NSE:NIFTY   Nifty 50 Index
Last Night, I came with the idea of comparing Nifty 50 movement after 2008 crisis with the present scenario. I took a slice of Nifty 50 from 9-March-2009 and put that slice corresponding to the date 18-May-2020 i.e. the date when Nifty started recovering for both the dates.

I was amazed to see that the two patterns are almost similar. I took the weekly historical data and found out the correlation between the 2 sets. The correlation is as high as 87.5%.

The next step was to run a regression to predict the Nifty values using the old data. Again I found out that 76% of the current Nifty data was easily explained by the old Nifty 50 data.

So, Is Nifty 50 repeating history? .

One can only find this by going into the future. Let's wait and see how the pattern evolves in the coming days.

Note: The above are explicitly mine and not at all suggest any forecast of the future.

Comments

This is very cool.
Can I know how did you get the nifty data ? Is it freely available then pls send me the link u would also like to analyse the data.
Reply
Random_Fool_11 sckeshari344
@sckeshari344, Yes the data is freely available. You can go to Yahoo Finance and the search for the stock for which you want the data and select Historical Data tab to download the data.
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