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 0.22, 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:
-0.88
^NIFTY200:
0.09
ADANIGREEN.NS:
-1.36
^NIFTY200:
0.73
ADANIGREEN.NS:
0.82
^NIFTY200:
1.23
ADANIGREEN.NS:
-0.69
^NIFTY200:
0.16
ADANIGREEN.NS:
-1.39
^NIFTY200:
0.74
ADANIGREEN.NS:
36.88%
^NIFTY200:
8.88%
ADANIGREEN.NS:
57.95%
^NIFTY200:
67.70%
ADANIGREEN.NS:
-84.44%
^NIFTY200:
-64.04%
ADANIGREEN.NS:
-70.36%
^NIFTY200:
-9.89%
Returns By Period
In the year-to-date period, ADANIGREEN.NS achieves a -15.39% return, which is significantly lower than ^NIFTY200's -0.60% return.
ADANIGREEN.NS
-15.39%
0.54%
-46.40%
-50.34%
33.46%
N/A
^NIFTY200
-0.60%
6.91%
-2.59%
6.42%
22.94%
12.10%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
ADANIGREEN.NS vs. ^NIFTY200 — Risk-Adjusted Performance Rank
ADANIGREEN.NS
^NIFTY200
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
Adani Green Energy Limited (ADANIGREEN.NS) has a higher volatility of 16.78% compared to NIFTY 200 (^NIFTY200) at 7.95%. This indicates that ADANIGREEN.NS's price experiences larger fluctuations and is considered to be riskier than ^NIFTY200 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.