{"id":18531,"date":"2023-08-24T19:54:37","date_gmt":"2023-08-24T14:24:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18531"},"modified":"2023-08-24T19:54:37","modified_gmt":"2023-08-24T14:24:37","slug":"relationship-between-star-health-and-allied-insurance-company-ltd-shares-with-nifty","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18531","title":{"rendered":"Relationship between Star Health and Allied Insurance Company ltd shares with Nifty"},"content":{"rendered":"

RELATIONSHIP BETWEEN STAR HEALTH AND ALLIED INSURANCE COMPANY LTD SHARES WITH NIFTY<\/strong><\/p>\n

Author Name<\/strong>: Saloni Surve<\/p>\n

Roll No<\/strong>: 0222057<\/p>\n

Div: <\/strong>A<\/p>\n

Introduction:<\/strong> Star Health and Allied Insurance Co ltd is an Indian multinational Health Insurance company headquartered in Chennai. The company provides services in health, personal accident and overseas travel insurance, directly as well as through various channels like agent, brokers and online. Star health is also prominently into bancassurance having long standing relationship with various banks.<\/p>\n

Objective:<\/strong> To calculate beta of Star Health and to observe its significance<\/p>\n

Views and Reviews:<\/strong> Mr. V Jagannathan, Chairman & CEO says that the company was formed with a larger purpose to serve the public where the management, employees and other stakeholders come\u00a0\u00a0 together to achieve the vision with commitment.<\/p>\n

Dr S Prakash, Managing Director says that the company possesses strong fundamentals in spite of six quarters od consecutive losses following the outbreak of the pandemic. We are optimistic that when the scenario turns for the better, Star Health will be in the right place at the right moment to build its business and graduate to next orbit.<\/p>\n

Data Collection:<\/strong> Data for this period 01-06-2022 to 31-07-2023 has been downloaded from NSE India site and weekly returns of Nifty and weekly returns of your company were calculated Nifty returns were taken as X and Equity was taken as Y. Y was regressed on X and then data analysis.<\/p>\n

Conclusion:<\/strong> If the beta is more than 1 you say it is good for short term investment. If beta is short than 1 it is good for long term investment.<\/p>\n

Equation \u201c ^Y= 279.949+0.0133(x)\u201d<\/p>\n

\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(tstat<\/sub> = 0.7272)<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 n=50, R2 <\/sup>= 0.0108, F = 0.5288<\/p>\n

\u00a0The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Star Health and Allied Insurance Company (y) the positive sign means a positive relationship meaning if \u201cx\u201d rises \u201cy\u201d rises and vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d rises by 0.9378, \u201cn\u201d means there are 50 observation, The figure in bracket is plus stat for B, The t-stat for b is 0.7272, which means b is statistically significant at 5% level. R2<\/sup> is 0.010 means 1% of y is explained by x, balance 99% is error due to variables which are not in model. As the calculated value of F= 0.5288 is more than tabulated F. The overall module is statistically significant at the 5% level.<\/p>\n

So the overall model is statistically significant at the 5% level.<\/p>\n

Conclusion : As beta is 0.47061 which is less than 1, so the share is good for long term.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

RELATIONSHIP BETWEEN STAR HEALTH AND ALLIED INSURANCE COMPANY LTD SHARES WITH NIFTY Author Name: Saloni Surve Roll No: 0222057 Div: A Introduction: Star Health and Allied Insurance Co ltd is an Indian multinational Health Insurance company headquartered in Chennai. The company provides services in health, personal accident and overseas travel insurance, directly as well as… Continue reading Relationship between Star Health and Allied Insurance Company ltd shares with Nifty<\/span><\/a><\/p>\n","protected":false},"author":138670,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-18531","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18531","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\/138670"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18531"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18531\/revisions"}],"predecessor-version":[{"id":18532,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18531\/revisions\/18532"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18531"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}