{"id":21311,"date":"2024-10-10T07:10:54","date_gmt":"2024-10-10T01:40:54","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21311"},"modified":"2024-10-10T07:10:54","modified_gmt":"2024-10-10T01:40:54","slug":"relationship-of-raymond-ltd-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21311","title":{"rendered":"Relationship of Raymond Ltd. With NIFTY 50"},"content":{"rendered":"<p><strong>Author:<\/strong> Rohan Murkeya<\/p>\n<p>\u00a0<\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<p>Raymond Limited is an Indian company incorporated in 1925, originally established as a woolen mill in Thane, Maharashtra. Over the years, it has evolved into a prominent player in the textile and apparel sectors, producing a wide range of products including suiting fabric, with a capacity of producing 31 million meters annually.<\/p>\n<p>Raymond Ltd shares have been trading between \u20b91,687.00 and \u20b91,576.00. The stock has delivered a return of 58.96% this year, but it has decreased by 9.31% in the last five days. Please double-check this information for the latest updates.<\/p>\n<p><strong>Data Collection:<\/strong><\/p>\n<p>Data was downloaded from NSE India site for the period 1 May 2023 to 30 April 2024.<\/p>\n<p>Data was manipulated to find the Friday closing price.<\/p>\n<p>Weekly Returns of Raymond Ltd. And NIFTY 50 were calculated.<\/p>\n<p>Weekly Return of Raymond Ltd. Is Y and Weekly Return of NIFTY 50 is X.<\/p>\n<p>Weekly Return of Raymond Ltd. Was regressed on Weekly Return of NIFTY 50.<\/p>\n<p><strong>Data Analysis:<\/strong><\/p>\n<p>Weekly Return of Y = 0.002 + 1.132<\/p>\n<p>\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\u00a0T stat = (2.73)<\/p>\n<p>N=48\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0R square= 0.14\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0F=7.43\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\u00a0P value= 0.009<\/p>\n<p><strong>\u00a0<\/strong><strong>Interpretation:<\/strong><\/p>\n<p>The above equation depicts the relationship between weekly returns of Raymond Ltd. And weekly returns of NIFTY 50.<\/p>\n<p>The + sign before the coefficient of NIFTY 50 tells that if NIFTY 50 rises Raymond Ltd. Will also rise and vice-versa. If NIFTY rises by 1 unit Raymond Ltd. Will rise by<\/p>\n<p>Figure in bracket (2.73) is t stat for \u03b2 (beta) and P value for which is 0.009 which is less than 0.05 meaning \u03b2 (beta) is statistically significant at 5% level.<\/p>\n<p>\u00a0R square is 0.14 meaning 14% of company\u2019s return are explained by NIFTY 50 the balance 86% maybe due to fundamentals.<\/p>\n<p>F is 7.43 and P value is 0.009 meaning overall model is statistically significant.<\/p>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>As \u03b2 is 1.13 which is greater than 1 indicates that NIFTY is at low and investing for short term in Raymond Ltd. Is good choice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Rohan Murkeya \u00a0 Introduction: Raymond Limited is an Indian company incorporated in 1925, originally established as a woolen mill in Thane, Maharashtra. Over the years, it has evolved into a prominent player in the textile and apparel sectors, producing a wide range of products including suiting fabric, with a capacity of producing 31 million&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21311\">Continue reading <span class=\"screen-reader-text\">Relationship of Raymond Ltd. With NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":139546,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21311","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\/21311","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\/139546"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21311"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21311\/revisions"}],"predecessor-version":[{"id":21312,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21311\/revisions\/21312"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21311"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}