{"id":19329,"date":"2023-12-26T14:09:08","date_gmt":"2023-12-26T08:39:08","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19329"},"modified":"2023-12-26T14:09:08","modified_gmt":"2023-12-26T08:39:08","slug":"relationship-between-nifty50-and-siemens","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19329","title":{"rendered":"Relationship Between Nifty50 and Siemens"},"content":{"rendered":"

Relationship Between Nifty50 <\/span>a<\/span>nd Siemens<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Author- Shreshth Nigam(F2)<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Roll No.- 21230023030<\/span><\/p>\n

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Introduction<\/span><\/span><\/p>\n

Siemens Limited is a technology company focused on industry, infrastructure, digital transformation, transport as well as transmission and generation of electrical power. It is the flagship listed company of Siemens AG in India. The company\u2019s business structure is well oriented in meeting the needs of the industry in improving efficiency, quality, flexibility and speed.<\/span><\/span><\/p>\n

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Objective <\/span><\/span><\/p>\n

To calculate Beta and its significance.<\/span><\/span><\/p>\n

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Views and Reviews <\/span><\/span><\/p>\n

Siemens reported a strong fiscal year 2023, with orders increasing 7% to \u20ac92.3 billion and revenue increasing 11% to \u20ac77.8 billion.\u00a0<\/span><\/span><\/p>\n

Siemens also reported a record order backlog of \u20ac112 billion and a 33.8% increase in orders at Siemens Energy.<\/span><\/span><\/p>\n

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Data Collection<\/span><\/span><\/p>\n

Nifty50 and Siemens closing price was calculated from NSE website. Weekly return of Nifty50 is termed as \u201cX\u201d and weekly return of <\/span><\/span>Siemens is termed as \u201cY\u201d. Besides that, other information is taken from different websites mentioned in references.<\/span><\/span><\/p>\n

Data Analysis<\/span><\/span><\/p>\n

Equation: Y= -0.4332+0.4414x<\/span><\/span><\/p>\n

Interpretation<\/span><\/span><\/p>\n

The above equation shows relationship between Nifty50 and Siemens Ltd.<\/span><\/span><\/p>\n

Return of Siemens is dependent variable and return of Nifty50 is independent variable.<\/span><\/span><\/p>\n

Posi<\/span><\/span>tive sign means if Nifty<\/span><\/span>50 rises by 1 unit then share price <\/span><\/span>of Siemens will also rise by <\/span><\/span>0.036<\/span><\/span> and vice versa.<\/span><\/span><\/p>\n

Number of observations are <\/span><\/span>48<\/span><\/span><\/p>\n

-0.<\/span><\/span>91<\/span><\/span> is the t-stat for Y<\/span><\/span>, the p-value for which is <\/span><\/span>0.36.<\/span><\/span><\/p>\n

R square<\/span><\/span> is 0.036<\/span><\/span> which means <\/span><\/span>3.6<\/span><\/span>% of variances in Siemens <\/span><\/span>are explained by Nifty.<\/span><\/span><\/p>\n

F is 1.75<\/span><\/span>, p-value for this is <\/span><\/span>0.192<\/span><\/span> which means model is <\/span><\/span>statistically <\/span><\/span>significant at<\/span><\/span> 1% level<\/span><\/span>.<\/span><\/span><\/p>\n

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Conclusion<\/span><\/span><\/p>\n

Beta is <\/span><\/span>-0.433 which is than 1, <\/span><\/span>it means that <\/span><\/span>S<\/span><\/span>iemens is good for long term investment<\/span><\/span>.<\/span><\/span><\/p>\n

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Reference<\/span><\/span><\/p>\n

https:\/\/www.nseindia.com\/<\/span><\/span><\/a><\/p>\n

https:\/\/www.siemens.com\/in\/en.html?gclid=Cj0KCQiA7aSsBhCiARIsALFvovxTwB6Y140JbWd7OV7rJ4D8amfIRKH9A7-gRIrwS-b5LGMXUR0oKvEaAoGzEALw_wcB&acz=1&gad_source=1<\/span><\/span><\/a><\/p>\n

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Relationship Between Nifty50 and Siemens \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Author- Shreshth Nigam(F2) \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Roll No.- 21230023030 \u00a0 Introduction Siemens Limited is a technology company focused on industry, infrastructure, digital transformation, transport as well as transmission and generation of electrical power. It is the flagship listed company… Continue reading Relationship Between Nifty50 and Siemens<\/span><\/a><\/p>\n","protected":false},"author":139099,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19329","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\/19329","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\/139099"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19329"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19329\/revisions"}],"predecessor-version":[{"id":19330,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19329\/revisions\/19330"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19329"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}