Index strength board, NSE indices vs NIFTY 500

Ranking

Each index is scored 0–100 against the others in the selected groups. Right of centre is stronger than the median, left is weaker. Click any index to open its charts below. The focus filter narrows what is shown without re-scoring: ranks and verdicts stay relative to all selected groups.

Tested weights: 40/30/15/15
Indexweakermedianstrongerscore

Long candidates

Short candidates

Momentum versus valuation

Vertical: the momentum score from the ranking above. Horizontal: where the index's valuation sits in its own history, measured relative to NIFTY 500 (P/B for financials, commodities and state-owned groups; P/E for the rest). Valuation is deliberately kept out of the score; this view shows where the two disagree.

Reading the quadrants

    Relative rotation

    Horizontal: is the index's relative strength against NIFTY 500 above its own 26-week trend (smoothed)? Vertical: is that relative strength accelerating over the last 4 weeks? Tails show the last 6 weeks; the selected index is drawn in full. Indices tend to rotate clockwise: improving, leading, weakening, lagging. This is an approximation of a relative rotation graph, not the proprietary JdK calculation.

    By group

    Median score and median 6-month return relative to NIFTY 500, for the groups selected above.

    Full table

    Click a column to sort. RS columns are returns relative to NIFTY 500. 12-1 is the 12-month relative return excluding the latest month, the standard momentum measure. Returns are price returns, dividends excluded.

    All returns are price returns. Total-return (TRI) data is not yet in the library.

    Overlap

    Pairs that are effectively the same bet

    Weekly-return correlation over the last 2 years, 0.93 or higher, sectors and themes only (broad and size indices overlap by construction). If both indices in a pair show up as candidates, count them once.

      India VIX

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