{"id":20808,"date":"2024-03-29T08:50:02","date_gmt":"2024-03-29T03:20:02","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20808"},"modified":"2024-03-29T08:50:02","modified_gmt":"2024-03-29T03:20:02","slug":"relationship-of-nifty-50-with-muthoot-finance-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20808","title":{"rendered":"Relationship of Nifty 50 with Muthoot Finance Limited\u00a0"},"content":{"rendered":"

TITLE: Relationship of Nifty 50 with Muthoot Finance Limited<\/span>\u00a0<\/span><\/p>\n

AUTHOR: Manav Gohil<\/span>\u00a0<\/span><\/p>\n

INTRODUCTION: Muthoot Finance Ltd specializes in gold-based financing alongside a range of financial services including personal loans, insurance, housing finance, and debentures. They also offer ancillary services such as money transfers, PAN card assistance, and travel solutions, embracing digital platforms for convenience.<\/span>\u00a0<\/span><\/p>\n

OBJECTIVE: To find out Beta of Muthoot Finance Limited and its Significance.<\/span>\u00a0<\/span><\/p>\n

DATA COLLECTION: Data for Nifty 50 and Muthoot Finance Limited has been downloaded from NSEindia.com for the period 1-2-23 to 31-2-24. Weekly closing prices were found out. Weekly returns were calculated. Weekly returns of Muthoot Finance were regressed on weekly returns of Nifty.<\/span>\u00a0<\/span><\/p>\n

DATA ANALYSIS: Format of Regression equation is Y = a + B(X)<\/span>\u00a0<\/span><\/p>\n

Equation of regression of weekly returns of Muthoot Finance Limited on weekly returns of Nifty 50<\/span>\u00a0<\/span><\/p>\n

Index + weekly returns of Muthoot Finance Limited = -0.4532 -0.4504x weekly returns of Nifty 50 Index<\/span>\u00a0<\/span><\/p>\n

Where,<\/span>\u00a0<\/span><\/p>\n

Number of Observations = 48,<\/span>\u00a0<\/span><\/p>\n

R Square = 0.040328,<\/span>\u00a0<\/span><\/p>\n

F = 1.933059,<\/span>\u00a0<\/span><\/p>\n

P-value = 0.171115<\/span>\u00a0<\/span><\/p>\n

Interpretation:<\/span>\u00a0<\/span><\/p>\n