Author – Rahil Parekh<\/p>\n
Introduction – Reliance Industries Limited (RIL) is India’s largest private sector company and a Fortune 500 company. It is a multinational conglomerate that operates in many sectors, including petrochemicals, refining, oil and gas exploration, retail, telecommunications, and media.<\/p>\n
Objective – To find out Beta of company and it’s significance.<\/p>\n
Data Collection – Friday Closing price of Nifty 50 and NSE of Reliance Industries.<\/p>\n
Data Analysis –\u00a0<\/p>\n
Weekly Return of the company – 1.037<\/p>\n
(3.69 – T stat of weekly return)<\/p>\n
observation – 46\u00a0<\/p>\n
R Square – 0.24<\/p>\n
F value – 13.58<\/p>\n
P Value – 0.00062<\/p>\n
The above equation shows the relationship between Nifty 50 and Reliance Industry. Positive sign before the coefficient of Nifty 50\u00a0 tell us that there is a positive relationship if nifty rises one unit our company will rise by 0.90 points and vice versa. Figure in bracket is T – Stat for Beta and the p value of which is 0.00062 which is less than 0.05 meaning beta is statistically significant. N – 46, R square is 0.24 which means 24 percent of our company return are explained by nifty 50. F – 13.58 and the P value of that is 0.00062 less than 0.05 meaning overall model is statistically significant at 5% level<\/p>\n
Conclusion – beta > 1 and positive therefore our company is good for short term investment if nifty is at the bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"
Author – Rahil Parekh Introduction – Reliance Industries Limited (RIL) is India’s largest private sector company and a Fortune 500 company. It is a multinational conglomerate that operates in many sectors, including petrochemicals, refining, oil and gas exploration, retail, telecommunications, and media. Objective – To find out Beta of company and it’s significance. Data Collection… Continue reading Report of Reliance Industries with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139494,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21127","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21127","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\/139494"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21127"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21127\/revisions"}],"predecessor-version":[{"id":21128,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21127\/revisions\/21128"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21127"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}