{"id":20773,"date":"2024-03-29T08:50:19","date_gmt":"2024-03-29T03:20:19","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20773"},"modified":"2024-03-29T08:50:19","modified_gmt":"2024-03-29T03:20:19","slug":"relationship-between-nifty-50-and-apex-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20773","title":{"rendered":"Relationship between Nifty 50 and apex Ltd"},"content":{"rendered":"

Title<\/b>: Relationship of Apex\u00a0 Ltd with NIFTY50<\/span><\/p>\n

Author<\/b>: Akash Jagannath Pujari<\/span><\/p>\n


<\/span>Introduction<\/b>
<\/span>Apex is an integrated producer, processor and exporter of aquaculture products. The company’s product portfolio comprises white shrimp and black tiger shrimp. It markets products under Bay Harvest, Bay fresh, and Bay Premium brand names.<\/span><\/p>\n

Objective<\/b>: To calculate Beta and find Significance of Apex Ltd.<\/span>
<\/span><\/p>\n

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

Data Collection<\/b>
<\/span>Data for NIFTY50 AND Apex LTD is downloaded from the NSE site for the period from 01-03-2023 to 28-02-2024. Friday closing prices were calculated and weekly returns of delhivery LTD were regressed on weekly returns of NIFTY50.<\/span><\/p>\n

\u00a0<\/p>\n

Data Analysis <\/b>
<\/b>Apex Ltd share Y= 0.490 – 0.0951\u00a0 NIFTY50<\/span><\/p>\n

The above equation shows the relationship of Apex Ltd. and Nifty 50. Positive sign means direct relationship, if weekly return of Nifty50 rises,Apex Ltd. returns rises. If Nifty50 rises by 1 unit, Apex Ltd. will rise by 0.0951 units.<\/span><\/p>\n

T-stat for b is -2.118 and the p value is 0.039 which is more than 0.05, meaning b is not statistically significant at 5% level, meaning price does not play a significant role for demand. The Number of observations is 48.<\/span><\/p>\n

R-square is 0.088881, meaning 8.88% of Apex Ltd. shares are explained by the movement in Nifty, Balance remaning 91.12% is error due to the variables not taken in the model.<\/span><\/p>\n

F is 4.487, the P value for which is 0.039 which is more than 0.05 so the overall model is not statistically significant.<\/span><\/p>\n

\u00a0<\/p>\n

Conclusion<\/b><\/p>\n

As \u03b2 = -0.0951, is less than 1, therefore Apex Ltd is good for long term investment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship of Apex\u00a0 Ltd with NIFTY50 Author: Akash Jagannath Pujari IntroductionApex is an integrated producer, processor and exporter of aquaculture products. The company’s product portfolio comprises white shrimp and black tiger shrimp. It markets products under Bay Harvest, Bay fresh, and Bay Premium brand names. Objective: To calculate Beta and find Significance of Apex… Continue reading Relationship between Nifty 50 and apex Ltd<\/span><\/a><\/p>\n","protected":false},"author":139351,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20773","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\/20773","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\/139351"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20773"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20773\/revisions"}],"predecessor-version":[{"id":20774,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20773\/revisions\/20774"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20773"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}