{"id":20470,"date":"2024-03-01T08:24:17","date_gmt":"2024-03-01T02:54:17","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20470"},"modified":"2024-03-01T08:24:17","modified_gmt":"2024-03-01T02:54:17","slug":"title-relationship-of-acc-ltd-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20470","title":{"rendered":"Title: Relationship of ACC Ltd. with Nifty50"},"content":{"rendered":"

Author<\/u><\/strong>: <\/strong>Abhishek Roy Nandy<\/p>\n

Introduction<\/u><\/strong>: <\/strong>ACC Limited\u00a0(Formerly\u00a0the Associated Cement Companies Limited) an Indian cement producer, headquartered in\u00a0Mumbai<\/a>. It is a subsidiary of\u00a0Ambuja Cements<\/a>\u00a0and a part of the\u00a0Adani Group<\/a>. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936. The management control of company was taken over by Swiss cement manufacturer\u00a0Holcim Group<\/a>\u00a0in 2004.\u00a0<\/p>\n

Objectives<\/u><\/strong>: <\/strong>To calculate beta and find its significance.<\/p>\n

Views & reviews<\/u><\/strong>: <\/strong>ACC Ltd.’s share price has been relatively stable in recent years,\u00a0although it has faced some fluctuations due to market conditions.\u00a0You can find detailed financial reports and analyst reviews on their website or financial news platforms. ACC cement generally receives positive reviews for its quality and durability.\u00a0Users often mention specific product lines like ACC Gold and ACC Concrete being reliable for various construction projects.<\/p>\n

Data Collection<\/u><\/strong>: <\/strong>Data is downloaded from.<\/p>\n

https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=ACC<\/a><\/p>\n

https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a><\/p>\n

Regression Equation<\/u><\/strong>: <\/strong>Return of ACC LTD. =<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Y= A + B * X<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Y= (-0.2537) + (-0.0409) * X<\/p>\n

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

\u00a0 \u00a0 \u00a0 \u00a0 R Square = 0.0002215\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0P value = 0.9200\u00a0\u00a0<\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0F = 0.01019\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0N=48<\/p>\n

Interpretation: <\/u><\/strong>The above equation shows the relationship between NIFTY 50 and ACC Ltd. share. Return of ACC Ltd. is dependent variable and Return of NIFTY 50 is independent variable. Here A value is negative that signifies that there is an inverse relationship dependent and independent variable. That means when the Nifty50 rise Share price decreases and when the Nifty50 decrease the share price increases. If NIFTY 50 price rises by 1 unit, ACC Ltd. share price will go down by 0.0409 unit & vice versa. No. of observations are 48. We know that in regression we determine the relationship between the two variables from P value. When the P value is more than 0.05 Null Hypothesis and the P value less than 0.05 is Alternate Hypothesis. Null hypothesis means there is no relationship between the two variable and Alternate Hypothesis means there is relationship between the two variables. Here the P value for which is 0.9200 which means Null Hypothesis. Here the standard error is 40%. This is happened due to some other condition, or we can say for other variable which are not in this model. Here the F value is 0.0101 and the P value is 0.9200 which means overall model is statically significant at 1% significant level.<\/p>\n

Conclusion: <\/u><\/strong>\u00a0After doing all the analysis we conclude that our B value is -0.04099 and is the stock that will go up when the market goes down, a negative B value right for you. That if you want to go for long term investment it\u2019s a good option for you.<\/p>\n

\u00a0<\/p>\n

References: <\/u><\/strong><\/p>\n

https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=ACC<\/a><\/p>\n

https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a><\/p>\n

https:\/\/en.wikipedia.org\/wiki\/ACC_%28company%29<\/a><\/p>\n

https:\/\/www.acclimited.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Author: Abhishek Roy Nandy Introduction: ACC Limited\u00a0(Formerly\u00a0the Associated Cement Companies Limited) an Indian cement producer, headquartered in\u00a0Mumbai. It is a subsidiary of\u00a0Ambuja Cements\u00a0and a part of the\u00a0Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August… Continue reading Title: Relationship of ACC Ltd. with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139324,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-20470","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\/20470","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\/139324"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20470"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20470\/revisions"}],"predecessor-version":[{"id":20471,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20470\/revisions\/20471"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20470"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}