Title : Relationship of Siemens Ltd with Nifty 50 .
Author : Sakshi Jadhav .
Introduction : Siemens Ltd. is a prominent global technology company known for its expertise in electrification , automation , and digitalization solutions across industries like energy , healthcare , and manufacturing . With a history dating back to 1847 , Siemens operates in over 200 countries and is recognized for its innovation and contributions to sustainable development .
Objective : To calculate beta of Siemens Ltd and find out its significance .
Views & Reviews : “ Gender equity is central to the strategic plans that Siemens has , and is also very much central to the strategic growth plans that the country has .” by Sunil Mathur , the managing Director and Chief Executive Officer. Says at Et Prime Conversation .
Data Collection : Data for this period has been downloaded from the NSE India site of Siemens Ltd and only Friday closing price are taken. Has find weekly return of “X” and weekly return of “Y”.
Data Analysis : Y = 0.0067+0.6964Xi
(2.3431)
N = 50, R2 = 0.10, F = 5.4903
The above equation shows the relationship between price (X) and demand (Y) of Siemens Ltd .The positive sign mean positive relationship, meaning if X rises Y rises and vice versa. If X rises by one unit Y rises by 0.6964 units. N means there are 50 observation. Figure in bracket is tstat for B. So, B is statistically significant at 5% level. R2 is 0.10, which means 10% of Y is explained by X balanced 90% is error due to the variable which are not in model. F is 5.4903 which is more than the table value, so overall the model is statistically significant at 5% level.
Conclusion : Beta = 0.696481, as Beta is less than 1 Siemens Ltd is good for long term.