{"id":21241,"date":"2024-10-08T12:56:51","date_gmt":"2024-10-08T07:26:51","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21241"},"modified":"2024-10-08T12:57:49","modified_gmt":"2024-10-08T07:27:49","slug":"relationship-of-sbi-life-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21241","title":{"rendered":"Relationship of SBI LIFE with NIFTY 50"},"content":{"rendered":"<p><strong>Relationship of SBI LIFE with Nifty 50<\/strong><\/p>\n<p><strong>Author: SAURABH PANDEY<\/strong><\/p>\n<p><em><sup>1 <\/sup><\/em><em>F2 2024-26\u00a0 \u2013 021330024362, ITM Business School, Kharghar, Maharashtra, India <br \/>* Corresponding Author E-mail: dp29022002@gmail.com<\/em><\/p>\n<p><strong>Introduction:<\/strong><strong>: <\/strong>SBI Life Insurance performed well during the financial year 2023-24. One of its highlights is its impressive claim settlement ratio, which reached 98.30%, improving from 97.05% in the previous year. This strong performance reflects SBI Life&#8217;s reliability and efficiency in processing claims.<\/p>\n<p><strong>\u00a0<\/strong><strong>Objective:<\/strong> To find out SBI LIFE and its significance.<\/p>\n<p><strong>Data Collection:<\/strong> Data for Nifty 50 and SBI LIFE was downloaded from <a href=\"https:\/\/www.nseindia.com\/\">https:\/\/www.nseindia.com\/<\/a> for the period 1<sup>st<\/sup> April 2023 to 31<sup>st<\/sup> March 2024. Data was manipulated to get Friday closing prices and weekly returns were calculated using formula (Y<sub>t+1<\/sub> &#8211; Y<sub>t<\/sub>) \/ Y<sub>t<\/sub> * 100. Weekly returns of SBI LIFE were regressed on weekly returns of Nifty 50.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Analysis: <\/strong><\/p>\n<p>Weekly Returns of Prestige = -0.909\u00a0 + 0.55\u00a0\u00a0 \u00a0Weekly Returns of Nifty<br \/>\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 (2.1112)<\/p>\n<p>N = 45, R<sup>2<\/sup> = 0.092, F = 4.46, P-value = 0.04\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 <br \/>The above equation shows the relationship between Nifty 50 and SBI LIFE \u00a0. The positive sign before 0.55 means if Nifty 50 rises, SBI LFE also rise and vice versa. The coefficient of Nifty 50 has t Stat = 2.112, the P-value of which is 0.04. It is less than 0.05 meaning Nifty 50 is \u00a0statistically significant to increase the price of SBI LIFE . R<sup>2<\/sup> is 0.092 meaning 0.1% of SBI LFE prices are explained by Nifty 50. 99.9% depends upon other factors like fundamentals. F is 4.46 and P-value is 0.04 meaning it is less than 0.05 meaning overall model is \u00a0statistically significant.<\/p>\n<p><strong>Conclusion:<\/strong> Beta value is 0.55 which is less than 1 &amp; positive, means it is good for long term investment if nifty\u00a0is\u00a0at\u00a0bottom. SBI LFE is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of SBI LIFE with Nifty 50 Author: SAURABH PANDEY 1 F2 2024-26\u00a0 \u2013 021330024362, ITM Business School, Kharghar, Maharashtra, India * Corresponding Author E-mail: dp29022002@gmail.com Introduction:: SBI Life Insurance performed well during the financial year 2023-24. One of its highlights is its impressive claim settlement ratio, which reached 98.30%, improving from 97.05% in the&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21241\">Continue reading <span class=\"screen-reader-text\">Relationship of SBI LIFE with NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":139431,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1997],"class_list":["post-21241","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-itm-f2","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21241","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\/139431"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21241"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21241\/revisions"}],"predecessor-version":[{"id":21242,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21241\/revisions\/21242"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21241"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}