Title: Relationship of Abbott with Nifty50.
Author: Anand Kumar
Intro: Since 1910, Abbott has been dedicated to helping people in India live healthier lives through a diverse range of science-based nutritional products, diagnostic tools, branded generic pharmaceuticals, and diabetes and vascular devices.
Objective: To calculate Beta and its significance.
Views and Reviews-In India, Abbott values our people and delivers key employee and talent priorities. Our India Talent Strategy sets out our employee value proposition, where we create a transformational journey and offer opportunities for our people to grow and build successful careers at Abbott.
Data collection:
https://www.nseindia.com/
Data Analysis:
Equation: Y= 0.370826 + 0.227098 x
Interpretation:
The above equation shows the relation between Nifty50 and SBI Cards.
Return of SBI Cards is dependent variable and return of Nifty50 is independent variable.
Positive sign means if Nifty50 rises by 1 unit then share price of SBI Cards will also rise by 0.227 and vice-versa.
Number of observations are 49.
The p-value for which is 0.38.
R square is 0.016 which means 1.6% of variances in Bank of Baroda are explained by Nifty.
F is 0.77, p-value for this is 0.38 which means model is statistically significant at 1% level.
Conclusion: Beta is 0.22 which is less than 1, it means that Abbott is good for long term investment.
Reference:
https://www.nseindia.com/
Reviews -https://www.abbott.in/careers/
working-with-us.html