Title- Relationship between Nifty 50 and Reliance Industries Ltd. Equity price.
\nName of Author- Rohan Jain (021230022989)
\nIntroduction- Reliance Industries Limited (RIL) is an Indian multinational conglomerate company founded by Dhirubhai Ambani in 1966. The company’s headquarters are located in Mumbai, India. RIL operates in a wide range of industries including petrochemicals, refining, oil and gas exploration, telecommunications, and retail. RIL is the largest publicly traded company in India by market capitalization and is ranked among the Fortune Global 500 companies. Overall, RIL is a highly diversified and influential company in India and the global business landscape.
\nObjective- To calculate the predicted value (\u03b2) and its significance.
\nData collection- The data used for analysis is collected from the www.Investing.com site and after that Nifty 50(y) was regressed on Reliance Industries ltd (x).
\nData Analysis
\nRegression equation, \u03b2= -0.000515248 + 0.251354384 (x)
\nWhere x represents the Reliance Industries ltd equity.
\nNo. of observations (N)= 52
\nR\u00b2=0.375644026, F=30.08252036
\nt-stat for x=5.484753445
\nThe above equation tells us about the relationship between Reliance Industries Ltd. Equity (x) and Nifty 50 (y). The positive sign means there is a direct relationship between them, which means if Reliance Industries ltd equity increases, then the Nifty 50 will also increase.
\nIf the Reliance Industries ltd rises by 1 point, then the Nifty 50 will also increase by 0.2508 Rs.
\nT-stat for the Reliance Industries ltd equity is 5.484753445 and the p-value is 1.36695E-06 which is less than 0.01 means the data is statistically significant at a 1% confidence level.
\nN=52, there is a total of 52 observations.
\nR\u00b2= 0.375644026 means 37.56 % of y is explained by x while the rest 62.43 % is an error.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title- Relationship between Nifty 50 and Reliance Industries Ltd. Equity price. Name of Author- Rohan Jain (021230022989) Introduction- Reliance Industries Limited (RIL) is an Indian multinational conglomerate company founded by Dhirubhai Ambani in 1966. The company’s headquarters are located in Mumbai, India. RIL operates in a wide range of industries including petrochemicals, refining, oil and… Continue reading Relationship between Nifty 50 and Reliance Industries Ltd. Equity price<\/span><\/a><\/p>\n","protected":false},"author":110634,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-17069","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\/17069","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\/110634"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17069"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17069\/revisions"}],"predecessor-version":[{"id":17116,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17069\/revisions\/17116"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17069"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}