REPORT<\/p>\n
Title: Calculation of beta of Axis bank and its significance.<\/p>\n
Name of author: Anmol Pahuja
\nRoll no : 21230022840
\nBatch: F1<\/p>\n
Introduction: Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail businesses. <\/p>\n
Objective: To calculate the beta of Axis Bank and its significance and to find whether this is a good option for investment<\/p>\n
Data Collection: Data from 1st December 2021 to 30th November 2022 has been downloaded from www.nseindia.com.
\nWeekly returns of NIFTY 50 has been calculated using (X2-X1)\/X1*100 and Weekly returns of Equity has been calculated using (Y2-Y1)\/Y1*100. Weekly Returns of Equity has been regressed on Weekly returns of NIFTY.<\/p>\n
Data Analysis:
\n\u2022\tY(axis Returns) = 0.639-0.146X(Nifty Returns)+ E
\n\u2022\tt-stat = -0.195
\n\u2022\tR2 = 0.0008164
\n\u2022\tF = 0.038
\n\u2022\tN = 49
\nThe above equation tells us about the relationship between Nifty returns and Equity returns. The positive sign means, there is a direct relationship. If price rise by 1 unit demand will fall by 0.146 unit
\nT-stat \u201cb\u201d =0.195
\nNumber of observation(N) are 49 and t-stat value is 0.195. P value for this is 0.845, which is more than 0.05 which means (b) is not statistically significant at 5%.
\nR2 is 0.008, which means 1% of Equity is explained by Nifty, balance 99% is error. Error is due to the variables which are not in the model.
\nF value is 0.038, the P value for which is 0.845, which is greater than 0.05%, which means overall the model is not statistically significant at 5%level<\/p>\n
Conclusion: Here the Beta value is equal to 0.146, which is less than 1, it means it is not a good investment proposal given that the Nifty rises.
\nur Article from here.<\/p>\n","protected":false},"excerpt":{"rendered":"
REPORT Title: Calculation of beta of Axis bank and its significance. Name of author: Anmol Pahuja Roll no : 21230022840 Batch: F1 Introduction: Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It sells financial services to large and mid-size companies, SMEs and retail… Continue reading Axis bank and its relationship with nifty 50<\/span><\/a><\/p>\n","protected":false},"author":108357,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-16896","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16896","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\/108357"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16896"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16896\/revisions"}],"predecessor-version":[{"id":16925,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16896\/revisions\/16925"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16896"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}