S&p Cnx Nifty Puns

I started this study to find out which one is better between Nifty 50 or S&P 500 (in INR) for LONG term (10yrs). Basically better returns with less risk.

I got 17 yrs past data and took 10 yr rolling returns. I found out that the average returns comes out to be same and the risk (volatility or standard deviation) is also very similar 🙂

So now I wanted to know if they go up and down at the same time.. if they don't (if they are not 'correlated'), I can safely put half money in Nifty 50 and half in S&P 500 to make sure that the journey is less bumpy. I did that and I can see negative correlation (-0.35) I was surprised to see this. Am I doing anything wrong? The study is below

https://1drv.ms/x/s!Ap9ameidPNIipXWYFA9ux7xBVaPY

Nifty P/E ratio was 40.43 on 30 March 2021 and fell to 33.2 on 31 March 2021. Why did this happen? and what does it imply?

Source: https://www1.nseindia.com/products/content/equities/indices/historical_pepb.htm

Index fund is recommended as a safe and passive style of investing, and we know from a bet made by Warren Buffett, that the S&P 500 was able to beat the returns offered by Hedge Funds.

In India, can we say the same for Nifty? Because the S&P 500 covers 500 companies, and can be said to be an indicator of US Economy. However, the Nifty 50 is only an index of 50 large-cap companies.

In this way, does it make sense to index in Nifty 50? Or do I add Nifty Junior to the list and make peace with the top 100 companies?

Recently made some significant upgrades to my lenses and need to clear out some space.

Sony FE 35mm f/1.8 - $500 PP GS shipped CONUS

Excellent shape with some slight wear on the focusing ring shown in photos. No dust and always babied. Lens hood and all caps included; no original box.

Sony FE 85mm f/1.8 - $450 PP GS shipped CONUS

Again, excellent shape on this one as well. No dust or scratches anywhere. Original caps and hood; no original box

Canon 50mm f/1.8 STM - $50 PP GS shipped CONUS SOLD

Unfortunately this one has been sitting at the back of a desk drawer since I switched over to Sony. Got plenty of love on my OG 5d MkI. Excellent starter lens for anybody learning!

pictures and timestamp here

Please let me know if I’m way off on any of these and feel free to ask for more info/pictures if you need! Thanks r/photomarket !

Puns