{"id":20922,"date":"2024-03-31T08:25:05","date_gmt":"2024-03-31T02:55:05","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20922"},"modified":"2024-03-31T08:25:05","modified_gmt":"2024-03-31T02:55:05","slug":"relationship-of-maharashtra-bank-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20922","title":{"rendered":"Relationship of Maharashtra Bank with nifty 50"},"content":{"rendered":"<p><strong>TITLE<\/strong>: -Relationship of maharashtra bank with Nifty 50<\/p>\n<p><strong>AUTHOR<\/strong>: &#8211; Mohamad Shakeeb Khan MMS-B (87)<\/p>\n<p><strong>INTRODUCTION<\/strong>: &#8211; This project is about whether maharashtra bank is good for short term or long-term investments, in comparison with NIFTY 50. Maharashtra bank is an Indian public sector bank headquartered in Pune. The bank was founded by V.G.Kale and D. K. Sathe &amp; Nifty 50 represents the weighted average of 50 of the largest Indian Companies listed on the National Stock Exchange.<\/p>\n<p><strong>Objective<\/strong>: &#8211; To calculate beta and find its significance.<\/p>\n<p><strong>DATA COLLECTION<\/strong>: Data for NIFTY 50 and maharashtra bank was downloaded from NSE website for the period 1-2-23 to 31-1-24. Friday closing prices were calculated and weekly returns of maharashtra bank were regressed on weekly returns of NIFTY 50.<\/p>\n<p><strong>DATA ANALYSIS<\/strong>:<\/p>\n<p><strong>Equation<\/strong>: Maharashtra bank Y=\u22120.95\u22120.30X NIFTY50<\/p>\n<p>N=48; R2= 0.006564; F= 0.303935; P value = 0.584094; t-stats for b = -0.5513<\/p>\n<p>The above equation shows the relationship between NIFTY 50 and Bank of Maharashtra. The regression analysis reveals a weak negative relationship between Bank of Maharashtra (Y) and NIFTY50 (X), as indicated by the coefficient of -0.30. However, this relationship is not statistically significant, with a high p-value of 0.584094 suggesting that changes in NIFTY50 do not reliably predict changes in maharashtra bank stock. The model&#8217;s overall explanatory power is extremely low, with an R-squared of 0.006564, indicating that only about 0.65% of the variation in Bank of Maharashtra can be explained by fluctuations in NIFTY50. Furthermore, the t-statistic for the coefficient (-0.5513) is below the threshold for significance, reinforcing the lack of meaningful association between the two variables. With these results, it&#8217;s evident that NIFTY50 movements are not a strong predictor of maharashtra bank stock performance.<\/p>\n<p>\u00a0<\/p>\n<p><strong>CONCLUSION<\/strong>: Beta is -0.298760708 which is less than 1 therefore maharashtra bank is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TITLE: -Relationship of maharashtra bank with Nifty 50 AUTHOR: &#8211; Mohamad Shakeeb Khan MMS-B (87) INTRODUCTION: &#8211; This project is about whether maharashtra bank is good for short term or long-term investments, in comparison with NIFTY 50. Maharashtra bank is an Indian public sector bank headquartered in Pune. The bank was founded by V.G.Kale and&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20922\">Continue reading <span class=\"screen-reader-text\">Relationship of Maharashtra Bank with nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139352,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[1775],"class_list":["post-20922","post","type-post","status-publish","format-standard","hentry","category-finance","tag-kbs","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20922","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\/139352"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20922"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20922\/revisions"}],"predecessor-version":[{"id":20923,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20922\/revisions\/20923"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}