Title: Relationship of Yatra Online Lt & with Nifty 50
Author: Yash Patil
Introduction: Yatra Online Limited is an Indian online travel agency that provides a wide range of travel services, including flights, hotels, holiday packages, bus, and rail ticketing. Founded in 2006, Yatra offers convenient and affordable travel options through its user-friendly website and mobile app.
Objective: To find out Beta of Yatra Online Lt and its significance.
Data collection: NSE and Yatra Online Lt was downloaded from period 01/05/2023 to 30/04/2024 from NSE site. We found Friday weekly closing prices of NSE and Yatra Online Lt. Weekly returns were calculated by the formula
(Yt-1 – Yt)/Yt*100. Weekly Returns of NIFTY is X and Yatra Online Lt is Y,
Y is regressed on X.
Data Analysis: Weekly Return = -0.89+ 1.05 weekly returns of nifty 50, N=48, R2= 0.05, F= 2.23
P Value=0.14
The above equation shows the relationship between NIFTY 50 and of Yatra Online Lt positive sign before the coefficient of Nifty 50 tells us that there is a positive relationship if nifty rises 1 unit Yatra Online Lt rises by 1.05 and vice versa.
T Stats (1.05) and P value for which is 0.14 which is more than 0.05 meaning, it is statistically significant. N=48, R2 =0.05 means 5% of Yatra Online Lt return are explained by NIFTY 50.
F=2.23 and P value for that is 0.14 is more than 0.05 meaning overall model is -0.89+ 1.05 model is significant at 5% level.
Conclusion: 1.05 > 1 and positive (more than 1) means good for short term investments.