{"id":18435,"date":"2023-08-24T19:54:37","date_gmt":"2023-08-24T14:24:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18435"},"modified":"2023-08-24T19:54:37","modified_gmt":"2023-08-24T14:24:37","slug":"relationship-of-apex-frozen-food-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18435","title":{"rendered":"Relationship of Apex Frozen Food ltd. With Nifty 50"},"content":{"rendered":"

Relationship of Apex Frozen Food ltd. With Nifty 50<\/strong><\/p>\n

Author Name : Aanand Wagh<\/strong><\/p>\n

\u00a0<\/p>\n

Introduction: AFF ltd is one of the integrated producers and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries Our output majorly comprises of variants of processed Vannamei shrimp (White shrimp) and are sold under the brands owned by our customers and also through our brands namely Bay fresh, Bay Harvest and BayPremium. We strategically focus on the market of USA, which is the largest importer of aquaculture products in the world (Source- Crisil Report). Our integrated operations comprise of hatchery, farming, pre-processing, processing and exporting of aquaculture products. Our products and processes comply with stringent quality standards set by the developed markets we serve.<\/p>\n

Objective<\/strong>: To calculate beta of AFF ltd and observe its significance.<\/p>\n

Views and Reviews: <\/strong><\/p>\n

K Satyanarayana Murthy, Chairman and Managing Director<\/strong> We are happy to report that our Company has ensured continuity of operations while recalibrating our operations to make the best of these challenging times. Our customers, suppliers, employees and stakeholders continue to repose their trust in us and have helped us navigate to a position of strength.<\/p>\n

\u00a0<\/strong><\/p>\n

Data collection :<\/strong> \u00a0Data is taken from 01-06-2022 to 31-07-2023. downloaded from NSE site then Friday\u2019s closing were find out then weekly return of Nifty (i.e.X) & weekly return of AFF ltd (i.e. Y)<\/p>\n

Data Analysis:<\/strong> Equation \u201c^y = 0.4969 – 0.0516x\u201d<\/p>\n

(tstat = 1.6770)<\/p>\n

\u00a0N= 50 , \u00a0R^2 = 0.0004 , F = 4.0430<\/p>\n

\u00a0<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Apex frozen food\u00a0 (y) the positive sign means a positive relationship meaning if \u201cx\u201d rises \u201cy\u201d also rises with it. If \u201cx\u201d rises by 1 unit, \u201cy\u201d rises by 0.0516, \u201cn\u201d means there are 50 observations, and figures in brackets are tstat for \u201cb\u201d so \u201cb\u201d is statistically significant at\u00a0the\u00a05%, \u00a0not as Calculated tstat for b i.e. is 0.1385 lower than tabulated t(t0.5,49DF=1.6770) so accept H0 and Reject H1. R2 0.0004 \u00a0is\u00a0 means 0.04% of y is explained by x, balance is 99.96. As the calculated value of F =0.0192 is less than the tabulated F (F 0.05,1DF,49DF) = 4.0430, the overall model is not statistically significant at\u00a0the\u00a05%\u00a0level.<\/p>\n

So overall the model is statistically not significant at the 5% level<\/p>\n

\u00a0<\/strong><\/p>\n

Conclusion :<\/strong><\/p>\n

The Beta value for Apex Frozen Food Is 0.8904, Which is <1. So, it is good for long term investment.<\/p>\n

Refrences: <\/strong>https:\/\/apexfrozenfoods.in\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Apex Frozen Food ltd. With Nifty 50 Author Name : Aanand Wagh \u00a0 Introduction: AFF ltd is one of the integrated producers and exporter of shelf stable quality aquaculture products. We supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across… Continue reading Relationship of Apex Frozen Food ltd. With Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138649,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18435","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\/18435","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\/138649"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18435"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18435\/revisions"}],"predecessor-version":[{"id":18436,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18435\/revisions\/18436"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18435"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}