NAME OF THE AUTHOR: SHILPA CHEMBIL<\/p>\n
INTRODUCTION
\nSchaeffler India Ltd. manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for many industrial applications. The Schaeffler Group generated sales of approximately EUR 13.9 billion in 2021.
\nIt all began 75 years ago, when two brothers, Wilhelm, and Georg Schaeffler, set up the company Industry GmbH in Herzogenaurach. This was the \u201cbig bang\u201d moment that would ultimately give rise to a leading global automotive and industrial supplier with over 83,900 employees.
\nOBJECTIVES
\nTo calculate beta of Schaeffler India Limited and its significance<\/p>\n
DATA COLLECTION
\nData of Schaeffler India Limited from 01-12-2021 to 30-11-2022 from NSE website
\n\u2022\tFriday weekly closing prices has been found out
\n\u2022\tWeekly Return have been calculated with the formula of (Y2-Y1)\/Y1*100
\n\u2022\tWeekly Return of Equity have been regressed on Weekly Return of Nifty<\/p>\n
DATA ANALYSIS
\nWeekly Return of Schaeffler Ltd.= -0.089 + 0.131 Weekly Return of Nifty + E
\n\u2022\tt-stat = 0.1634
\n\u2022\tR2 = 0.000568
\n\u2022\tF = 0.0267
\n\u2022\tN = 49
\nThe above equation tells us about the relationship between Weekly Return of Schaeffler India Ltd. and Weekly Return of Nifty. The positive sign means that there is a direct relationship. If nifty rises, equity rises and if nifty falls, equity falls. The co-efficient of weekly return of nifty is 0.1318, which means if nifty rises by .13 unit, Schaeffler India Ltd. will rise by 0.1318 units and vice versa.
\nNumber of Observations are 49 and t-stat is 0.1634.
\nP value is 0.8708, which is more than 0.05, means that b is statistically not significant at 5%. Even it is less than 0.05, b is statistically significant at 5% level.
\nR2 is 0.000568, which means that 0.0568% of Y (Schaeffler India) is explained by X (nifty), balance of 99.9% is error. Error is due to the variables which are not in the model.
\nF is 0.0267, the P value for which is 0.870 < 0.05, means overall the model is statistically significant.<\/p>\n
CONCLUSION
\nSince b = 0.163 is less than 5, it is statistically insignificant.
\nSchaeffler India Ltd. is a not a good option for investment because for every decrease in nifty there will a decrease in the equity of Schaeffler India.<\/p>\n","protected":false},"excerpt":{"rendered":"
NAME OF THE AUTHOR: SHILPA CHEMBIL INTRODUCTION Schaeffler India Ltd. manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for many industrial applications. The Schaeffler Group generated sales of approximately EUR 13.9 billion in 2021. It all began 75 years ago, when two brothers, Wilhelm, and… Continue reading CALCULATION OF BETA OF SHAEFFLER INDIA LIMITED AND ITS SIGNIFICANCE<\/span><\/a><\/p>\n","protected":false},"author":109579,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-17012","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17012","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\/109579"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17012"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17012\/revisions"}],"predecessor-version":[{"id":17027,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17012\/revisions\/17027"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17012"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}