TITLE: Relationship of Nifty and NATCO PHARMA <\/p>\n
AUTHOR: Navya Shah<\/p>\n
Introduction<\/p>\n
Natco Pharma is an Indian multinational pharmaceutical company based in Hyderabad, which makes finished dosage formulations and active pharmaceutical ingredients. It is a major producer of branded oncology medicines] and hepatitis C drugs<\/p>\n
OBJECTIVE: To calculate Beta Value of NATCO PHARMA and find its significance.<\/p>\n
VIEWS AND REVIEWS:<\/p>\n
DATA COLLECTION: The data of NIFTY and NATCO PHARMA was collected through NSE Website and was downloaded from 1-March-2021 to 28-February-2022 in an excel sheet. The closing prices were found out. The data was filtered on weekly basis and then weekly returns of both NIFTY and NATCO PHARMA was calculated. The company returns have been regressed on nifty\u2019s returns.<\/p>\n
DATA ANALYSIS:
\nPredicted Y = -0.01692585+ (-0.470842117)X
\nN=47, R Square= 0.003306677, F= 0.132705886<\/p>\n
Tstat(beta)=0.364288191<\/p>\n
Tstat (0.05,47)= -0.609973771<\/p>\n
The above regression equation tells us the relationship between X and Y. Where X is NIFTY\u2019s weekly returns and Y is NATCO PHARMA\u2019s weekly returns.
\nThe negative sign of Beta tells us the that there is a negative relationship between NIFTY and NATCO PHARMA\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by
\n(-0.470842117) units.
\nT calculated is less than T tabulated which means, \u03b2 is statistically insignificant at 5% confidence level.
\nR^2 is 0.615990526 which means 61% of Y (NATCO PHARMA) is explained by X. And the balance is explained by error.
\nF is 0.132706 which is less than table value which means model is statistically insignificant at 5% level.<\/p>\n
CONCLUSION:
\n\u03b2 is statistically insignificant in case of NIFTY and NATCO PHARMA.<\/p>\n","protected":false},"excerpt":{"rendered":"
TITLE: Relationship of Nifty and NATCO PHARMA AUTHOR: Navya Shah Introduction Natco Pharma is an Indian multinational pharmaceutical company based in Hyderabad, which makes finished dosage formulations and active pharmaceutical ingredients. It is a major producer of branded oncology medicines] and hepatitis C drugs OBJECTIVE: To calculate Beta Value of NATCO PHARMA and find its… Continue reading Regression Analysis of Weekly Returns between NIFTY50 and Natco Pharma<\/span><\/a><\/p>\n","protected":false},"author":91968,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16022","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/91968"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16022"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16022\/revisions"}],"predecessor-version":[{"id":16135,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16022\/revisions\/16135"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16022"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}