Title:– Punjab National Bank with Nifty fifty
Author Name:– Pratham Jaiswal F2 Batch
Roll no: 0213300241931₹
Introduction:– Punjab National Bank and its historical data says stock price is volatile in nature because some privious problems were happened in bank
Objective:– Is to find beta in punjab national bank and Its significance
Data collection:– Data for Nifty fifty and punjab national bank was downloaded from NSE site , further period 1 April -31 March 2023,Data manipulated to get Friday closing price and its weekly return calculate by formula (Yt-1 – Yt)Yt×100
Weekly return of Punjab National Bank were regres on weekly return of Nifty fifty
Data Analysis:– equation:–
Weekly return of Punjab National Bank = -1.91+0.051 weekly return of Nifty fifty N=48,R2=0.001,F=0.008,P Value=0.92
THE above equation shows the relationship between Nifty fifty and punjab national bank
The Negative sign means if Nifty fall , punjab national bank will also fall ,vice versa
THE coefficient of Nifty fifty has T stat= 0.09
P value of which is = 0.92, it is more than 0.05 , meaning Nifty fifty not statistically significant to increase price of Punjab National Bank
R2 = 0.001 meaning .01% Of Punjab National Bank price are explained by Nifty fifty 99.9% depends on other factors like fundamentals are other factors
F is 0.008 and P value is 0.92 meaning it is more than 0.05 meaning the overall model is statistically significant
Conclusions:– But it is more than 1 but positive means it is good for long Term investment