By Simar Kaur saluja
\nSAP ID: 80012100679<\/p>\n
Introduction:<\/p>\n
Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world\u2019s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role.
\nSiemens\u2019 technical expertise, comprehensive portfolio and long-standing experience are helping to pioneer a sustainable future across the globe. Find detailed information, news, insights, and references on the topic areas that exemplify Siemens\u2019 success in providing state-of-the-art solutions in fields including IT, industry, finance, and energy.
\nSiemens is a global powerhouse positioned along the electrification value chain \u2013 from power generation, transmission and distribution to smart grid solutions and the efficient application of electrical energy \u2013 as well as in the areas of medical imaging and laboratory diagnostics. Today, Siemens has around 377,000 employees in more than 200 countries\/regions. We operate in production and manufacturing plants worldwide. In addition, we have office buildings, warehouses, research and development facilities or sales offices in almost every country\/region in the world.<\/p>\n
Objective:
\nTo calculate the beta of the company and find its significance
\nViews and Reviews of Siemens
\nSiemens Limited is a company that specialises in electrification, automation, and digitalization. It is a prominent manufacturer of combined cycle turbines for power generation, power transmission and distribution systems, infrastructure solutions for Smart Cities and transportation, industrial automation and software solutions, and healthcare equipment.
\nSiemens Limited has 21 facilities in India and has a nationwide sales and service network. Siemens Limited is Siemens AG\u2019s flagship listed firm in India, with Siemens AG Germany owning 75% of the shares. Siemens Ltd began as the Siemens Engineering and Manufacturing Company of India Pvt Ltd in 1957.
\nSchuckertwerke AG, both of West Germany, signed into a cooperative arrangement with the corporation in March 1957.
\nSiemens & Halske AG changed its name to Siemens AG in 1966, and it also took over the manufacturing and business operations of Siemens-Schuckertwerke AG and Siemens-Reiniger-Werke AG.
\nThe company’s name was changed from Siemens Engineering & Manufacturing Company of India Ltd to Siemens India Ltd in 1967<\/p>\n
Data Collection:
\nData of index and equity were collected from https:\/\/www1.nseindia.com\/. Daily returns from 1st March-2021 to 28 Feb-2022 were downloaded in excel format from these websites and it was sorted into weekly format. Then weekly returns were calculated for both index and equity and then regression analysis was done.
\nData Analysis:
\nPredicted Y = 0.296398 + 1.104366 X
\nN=46, R Square= 0.320096, F= 20.71503
\nTstat (beta) = 0.574816
\nTstat (0.05,45)= 4.551377
\nThe above regression equation tells us the relationship between X and Y. Where X is
\nNIFTY\u2019s weekly returns and Y is Siemens Ltd\u2019s weekly returns.
\nThe positive sign of Beta tells us the that there is a positive relationship between NIFTY
\nand Siemens Ltd\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 0.5 unit, Y will rise by 0.505015 units. T calculated is more that T tabulated which means, \u03b2 is statistically significant at 5% confidence level.
\nR^2 is 0.320096which means 32% of Y (Siemens Ltd) is explained by X. And the balance is explained by error.
\nF is 20.71503 which is more than table value which means model is statistically significant at 5% level.
\nConclusion:
\n\u03b2 is statistically significant in case of NIFTY and Siemens Ltd. Also, it can be concluded that Siemens ltd is a low beta share. Since it is around than 0.5.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Simar Kaur saluja SAP ID: 80012100679 Introduction: Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world\u2019s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the… Continue reading Relationship between Nifty and Siemens Ltd.<\/span><\/a><\/p>\n","protected":false},"author":91982,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1642],"class_list":["post-16045","post","type-post","status-publish","format-standard","hentry","category-business","tag-sbm-div-b-simar-kaur-saluja","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16045","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\/91982"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16045"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16045\/revisions"}],"predecessor-version":[{"id":16121,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16045\/revisions\/16121"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16045"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}