{"id":21259,"date":"2024-10-10T07:10:54","date_gmt":"2024-10-10T01:40:54","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21259"},"modified":"2024-10-10T07:10:54","modified_gmt":"2024-10-10T01:40:54","slug":"relationship-of-ramco-systems-ltd-and-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21259","title":{"rendered":"Relationship of Ramco Systems Ltd and Nifty 50"},"content":{"rendered":"<p><strong>Title<\/strong>: Relationship of Ramco Systems Ltd and Nifty50<\/p>\n<p><strong>Author: <\/strong>Ritika Girdhani<br \/>F-2:021330024281 ,ITM Business School, Navi Mumbai<\/p>\n<p><strong>Introduction<\/strong>: Ramco Systems Ltd, founded in 1997, is an Indian software company specializing in cloud-based enterprise solutions like ERP, HCM, and aviation maintenance. Initially part of the Ramco Group, it later became a standalone entity. The company has a global presence, serving clients across industries with a focus on AI and automation-driven innovations.<\/p>\n<p><strong>Object<\/strong>: To find out Beta of Ramco Systems Ltd and its Significance.<\/p>\n<p><strong>Data Collection<\/strong>: Data for Nifty 50 and Ramco Systems Ltd was downloaded from NSE site from 1<sup>st<\/sup> April,2023 to 31<sup>st<\/sup> March,2024.Data was manipulated to get Friday closing price ,weekly returns were calculated by using formula Y<sub>t-1<\/sub>&#8211; Y<sub>t <\/sub>\/ Y<sub>t<\/sub>*100\u00a0 weekly returns of Ramco System Ltd regression \u00a0on weekly returns on Nifty50.<\/p>\n<p><strong>Data Analysis<\/strong>:<\/p>\n<p>Equation:<\/p>\n<p>Weekly return of Ramco System Ltd= -187.87+0.02 weekly return of Nifty50\u00a0<br \/>T Stat (8.0614)<br \/>N=47,R<sup>2<\/sup>=0.590,F=64.987,P Value=0.00<\/p>\n<p><strong>Data Interpretation<\/strong>:<\/p>\n<p>The above equation shows the relationship between Nifty50 and Ramco Systems Ltd .The positive sign before 0.02 \u00a0means if Nifty50 rises, Ramco \u00a0systems ltd also rises and vice-versa. The coefficient of nifty 50 has <br \/>T Stat=8.0614 and the p value which is 0.00 \u00a0it is less than 0.05 meaning Nifty 50 is statistically significant to increase the price of Ramco system ltd.<\/p>\n<p>R<sup>2<\/sup>=0.590 meaning \u00a059% of Ramco Systems Ltd prices are explained by Nifty 50\u00a0 which is \u00a041% depends \u00a0upon other factors like fundamentals. F is 64.987 and the P Value is 0.00 meaning it is less than 0.05 means the overall model is statistically significant.<\/p>\n<p><strong>Conclusion<\/strong>: It is less than one and positive so Ramco Systems Ltd is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Ramco Systems Ltd and Nifty50 Author: Ritika GirdhaniF-2:021330024281 ,ITM Business School, Navi Mumbai Introduction: Ramco Systems Ltd, founded in 1997, is an Indian software company specializing in cloud-based enterprise solutions like ERP, HCM, and aviation maintenance. Initially part of the Ramco Group, it later became a standalone entity. The company has a&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21259\">Continue reading <span class=\"screen-reader-text\">Relationship of Ramco Systems Ltd and Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139527,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21259","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21259","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\/139527"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21259"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21259\/revisions"}],"predecessor-version":[{"id":21260,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21259\/revisions\/21260"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21259"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}