{"id":20938,"date":"2024-04-21T17:58:25","date_gmt":"2024-04-21T12:28:25","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20938"},"modified":"2024-04-21T17:58:25","modified_gmt":"2024-04-21T12:28:25","slug":"relationship-of-yes-bank-with-nifty-fifty","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20938","title":{"rendered":"Relationship of Yes Bank with nifty fifty"},"content":{"rendered":"

Title:<\/strong> Relationship of Nifty 50 stock with Yes Bank Limited<\/p>\n

Author:<\/strong> Yugandhara Ananta Chaudhari<\/p>\n

Introduction:<\/strong> <\/p>\n

YES BANK is a ‘Full Service Commercial ‘Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES, a wholly owned subsidiary of the Bank. Headquartered in Mumbai, it has a pan-India presence including an IBU at GIFT City, and a Representative Office in Abu Dhabi.<\/p>\n

Objective:<\/strong> To find out Beta of Yes Bank Limited And its significance<\/p>\n

Data collection: <\/strong><\/p>\n

The data for Nifty50 and Yes Bank limited has been downloaded from NSE India.com for the period of 03\/02\/2023 to 19\/01\/2024. Weekly closing price was found out. Weekly return were calculated. Weekly return of Yes Bank limited were regressed on weekly return of Nifty50.<\/p>\n

Data Analysis:<\/strong><\/p>\n

Equation of regression of weekly returns of Yes Bank limited on weekly returns of Nifty 50 index.<\/p>\n

Format of Regression equation is Y = \u03b1 + \u03b2(X)<\/p>\n

Weekly returns of Yes Bank limited = -0.44185 + 1.35911 \u00d7 weekly return of Nifty 50 index<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

Where,<\/p>\n

Number of observation = 48<\/p>\n

R Square = 0.16192<\/p>\n

F = 8.88725<\/p>\n

P-value = 0.00458<\/p>\n

Interpretation,<\/p>\n

\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The above equation shows the relationship between weekly returns of Yes Bank limited and weekly returns of Nifty 50 share.<\/p>\n