Author – Ojaswi Sheth
INTRODUCTION
Oracle Financial Services, a flagship offering by Oracle Corporation, is a comprehensive suite of software solutions designed for the diverse needs of financial institutions. Leveraging Oracle’s expertise in database management and enterprise software, this suite addresses core banking operations, risk management, compliance, analytics, and customer experience. The suite emphasizes risk mitigation and compliance adherence, providing tools for credit risk, market risk, and regulatory compliance. Serving a global customer base, Oracle Financial Services empowers financial institutions to navigate the complexities of the modern financial landscape, fostering efficiency, compliance, and customer satisfaction.
OBJECTIVE
To find beta and its significance.
VIEWS AND REVIEWS
DATA COLLECTION
Nifty 50 and Oracle Financial Services Software Ltd
The closing price was collected from the yahoo finance website. The weekly return of Nifty is termed as “X” and weekly return of Oracle Financial Services Software Ltd is termed as “Y”. Besides that, a few other things written in this report are taken from other websites and its information is provided in references.
DATA ANALYSTS
The regression equation for the data is –
Y = 0.465179667+ 0.903970571x
The above equation shows the relation between Nifty50 and Oracle Financial Services Software Ltd .
Return of Oracle financial services is dependent variable and return of Nifty50 is independent variable.
The number of observations are 49.
3.3844649 is the t-stat for Y, the p-value for which is 0.001447443.
R square is 0.195957245
which means 19% of variances in Oracle financial services Ltd. are explained by Nifty.
F is 11.45460296, p-value for this is 0.001447443 which means the model is statistically significant at the 1% level.
CONCLUSION
Here the beta is 0.903970571x which is less than 1, which means Oracle Financial Services Software Ltdis good for long term investment.
REFERANCE
Source of data is collected from Yahoo Finance and Screener Yahoo Finance – Stock Market Live, Quotes, Business & Finance News , Popular Stock Screens – Screener