ADANIGREEN.NS vs. ^NIFTY200
Compare and contrast key facts about Adani Green Energy Limited (ADANIGREEN.NS) and NIFTY 200 (^NIFTY200).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADANIGREEN.NS or ^NIFTY200.
Correlation
The correlation between ADANIGREEN.NS and ^NIFTY200 is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ADANIGREEN.NS vs. ^NIFTY200 - Performance Comparison
Key characteristics
ADANIGREEN.NS:
-0.57
^NIFTY200:
0.22
ADANIGREEN.NS:
-0.59
^NIFTY200:
0.93
ADANIGREEN.NS:
0.92
^NIFTY200:
1.33
ADANIGREEN.NS:
-0.45
^NIFTY200:
0.35
ADANIGREEN.NS:
-1.74
^NIFTY200:
3.20
ADANIGREEN.NS:
17.99%
^NIFTY200:
4.58%
ADANIGREEN.NS:
54.87%
^NIFTY200:
67.34%
ADANIGREEN.NS:
-84.44%
^NIFTY200:
-64.04%
ADANIGREEN.NS:
-64.52%
^NIFTY200:
-8.94%
Returns By Period
In the year-to-date period, ADANIGREEN.NS achieves a -34.00% return, which is significantly lower than ^NIFTY200's 14.14% return.
ADANIGREEN.NS
-34.00%
6.64%
-41.08%
-32.48%
48.28%
N/A
^NIFTY200
14.14%
-1.34%
-0.83%
14.22%
16.59%
12.39%
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Risk-Adjusted Performance
ADANIGREEN.NS vs. ^NIFTY200 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Adani Green Energy Limited (ADANIGREEN.NS) and NIFTY 200 (^NIFTY200). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
ADANIGREEN.NS vs. ^NIFTY200 - Drawdown Comparison
The maximum ADANIGREEN.NS drawdown since its inception was -84.44%, which is greater than ^NIFTY200's maximum drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for ADANIGREEN.NS and ^NIFTY200. For additional features, visit the drawdowns tool.
Volatility
ADANIGREEN.NS vs. ^NIFTY200 - Volatility Comparison
The current volatility for Adani Green Energy Limited (ADANIGREEN.NS) is 23.51%, while NIFTY 200 (^NIFTY200) has a volatility of 64.25%. This indicates that ADANIGREEN.NS experiences smaller price fluctuations and is considered to be less risky than ^NIFTY200 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.