{"id":20709,"date":"2024-03-29T08:50:34","date_gmt":"2024-03-29T03:20:34","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20709"},"modified":"2024-03-29T08:50:34","modified_gmt":"2024-03-29T03:20:34","slug":"relationship-of-nifty-50-with-paras-defence-space-technologies-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20709","title":{"rendered":"Relationship of Nifty 50 with Paras Defence &amp; Space Technologies Ltd."},"content":{"rendered":"<p><strong>Title<\/strong>: Relationship of Nifty 50 with Paras Defense &amp; Space Technologies Ltd.<\/p>\n<p><strong>Author<\/strong>: Prajwal Tapaswi<\/p>\n<p><strong>Introduction:<\/strong> Paras Defense and Space Technologies Limited is an Indian company specializing in defense and space electronics systems. Established in 2009, the company has rapidly emerged as a key player in the defense and aerospace sectors. Paras Defense is known for its expertise in designing, developing, manufacturing, and testing a wide range of defense electronics and communication systems.<\/p>\n<p><strong>Objective:<\/strong> To find out Beta of Paras Defense &amp; Space Technologies Ltd &amp; its significance.<\/p>\n<p><strong>Data Collection:<\/strong> The data for Nifty 50 &amp; Paras Defense &amp; Space Technologies Ltd has been extracted from nsendia.com for the period 01-02-23 to 31-01-24. Weekly closing prices were found out, weekly returns were calculated. Weekly returns of Paras Defense &amp; Space Technologies were regressed on weekly returns of Nifty 50<\/p>\n<p><strong>Data Analysis:<\/strong> <em>Paras Defense &amp; Space Technologies=0.314-0.931Nifty 50<\/em><\/p>\n<p>n=48, R^2=0. 0904, F=4.575, P-Value=0.03<\/p>\n<p>The above equation shows the relationship between weekly return of Nifty 50 and Paras Defense &amp; Space Technologies Ltd. The positive sign means there is direct relationship if weekly return of Nifty 50 rises, then weekly return of Paras Defense &amp; Space Technologies Ltd will rise by 0.931 units and vice versa. T-stat for \u03b2 is 2.13 and p-value for which is 0.03 which is less than 0.05 meaning \u03b2 is statistically significant at 5% level. Number of observations are 48, R^2 is 0.0904 meaning 9.04% Paras Defense &amp; Space Technologies is explained by Nifty 50, balance 90.96% is error due to variables not taken into the model, F is 4.575, p-value of which is 0.03 which is less than 0.05, so the overall model is statistically significant.<\/p>\n<p><strong>Conclusion:<\/strong> The beta is more than 1, Paras Defense &amp; Space Technologies is good for short- term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Nifty 50 with Paras Defense &amp; Space Technologies Ltd. Author: Prajwal Tapaswi Introduction: Paras Defense and Space Technologies Limited is an Indian company specializing in defense and space electronics systems. Established in 2009, the company has rapidly emerged as a key player in the defense and aerospace sectors. Paras Defense is known&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20709\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty 50 with Paras Defence &amp; Space Technologies Ltd.<\/span><\/a><\/p>\n","protected":false},"author":139293,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-20709","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\/20709","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\/139293"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20709"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20709\/revisions"}],"predecessor-version":[{"id":20710,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20709\/revisions\/20710"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20709"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}