{"id":20771,"date":"2024-03-29T08:50:19","date_gmt":"2024-03-29T03:20:19","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20771"},"modified":"2024-03-29T08:50:19","modified_gmt":"2024-03-29T03:20:19","slug":"relationship-of-nifty50-with-relaxo-footware","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20771","title":{"rendered":"Relationship of Nifty50 with Relaxo Footware"},"content":{"rendered":"<p><strong><u>Relationship of Nifty 50 Index with Relaxo Footwear Limited<\/u><\/strong><\/p>\n<p><strong>Author:<\/strong> Rohan Pedini<\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<p>Relaxo Footwear is a leading Indian footwear brand known for its comfort and style. With a diverse range of designs catering to various tastes and preferences, Relaxo offers footwear that blends fashion with functionality. Whether it&#8217;s casual flip-flops, trendy sandals, or durable sports shoes, Relaxo ensures superior quality and affordable prices, making it a favourite among customers across the country.<\/p>\n<p><strong>Objective:<\/strong> To find Beta (\u03b2) of Relaxo Footwear Limited and its significance<\/p>\n<p><strong>Data Collection:<\/strong><\/p>\n<p>The data from Nifty 50 and Relaxo Footwear Limited data has been downloaded from nseindia.com website for the period from (1-2-23 to 31-1-24). Weekly closing prices were found out. Weekly returns of Relaxo Footwear Limited were regressed on weekly returns of Nifty 50 Index.<\/p>\n<p><strong>Data Analysis:<\/strong><\/p>\n<p>Equation of regression of weekly returns of Relaxo Footwear Limited on weekly returns of Nifty 50 Index-<\/p>\n<p>Format of Regression equation is Y = \u03b1 + \u03b2(X)<\/p>\n<p>weekly returns of Relaxo Footwear Limited = 0.3902 + 0.1028\u00d7 weekly returns of Nifty 50 Index<\/p>\n<p>Where,<\/p>\n<p>Number of Observations = 48,<\/p>\n<p>R Square = 0.0243,<\/p>\n<p>F = 1.1487,<\/p>\n<p>P-value = 0.2894<\/p>\n<p><strong>Interpretation<\/strong>&#8211;<\/p>\n<ul>\n<li>The above equation shows relationship between weekly returns of Relaxo Footwear Limited Company and weekly returns of Nifty 50 Index.<\/li>\n<li>Positive sign means direct relation, meaning if weekly returns of Nifty 50 Index rise then weekly returns of Relaxo Footwear Limited Company also rise and vice-versa.<\/li>\n<li>If weekly returns of Nifty 50 Index rise by 1-unit, weekly returns of Relaxo Footwear Limited Company will rise by 0.1028 unit and vice-versa.<\/li>\n<li>Figure in bracket shows t-stat for \u03b2, P-value for which is 0.2894, which is greater than 0.05 meaning \u03b2 is statistically significant at 5% significance level.<\/li>\n<li>Number of Observations are 48, R-square value is 0.0243 meaning approximately 2.4% of weekly returns of Relaxo Footwear Company Limited are explained by weekly returns of Nifty 50 Index. Balance 97.6% (approximate) is error due to other variables which are not in the model.<\/li>\n<li>F is 1.1487, the P-value of which is 0.2894, which is more than 0.05 meaning overall, the model is not statistically significant at 5% significance level.<\/li>\n<\/ul>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>As \u03b2 (0.1028) is less than 1, it is good to invest in Relaxo Footwear Company Limited for long term.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of Nifty 50 Index with Relaxo Footwear Limited Author: Rohan Pedini Introduction: Relaxo Footwear is a leading Indian footwear brand known for its comfort and style. With a diverse range of designs catering to various tastes and preferences, Relaxo offers footwear that blends fashion with functionality. Whether it&#8217;s casual flip-flops, trendy sandals, or durable&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20771\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty50 with Relaxo Footware<\/span><\/a><\/p>\n","protected":false},"author":139275,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20771","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\/20771","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\/139275"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20771"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20771\/revisions"}],"predecessor-version":[{"id":20772,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20771\/revisions\/20772"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20771"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}