{"id":21381,"date":"2024-10-10T07:11:24","date_gmt":"2024-10-10T01:41:24","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21381"},"modified":"2024-10-10T07:11:24","modified_gmt":"2024-10-10T01:41:24","slug":"relationship-of-vodafone-idea-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21381","title":{"rendered":"Relationship of Vodafone Idea with Nifty 50"},"content":{"rendered":"<p><strong><em>Title: Relationship of Vodafone Idea with Nifty 50<\/em><\/strong><\/p>\n<p><strong>Author:<\/strong>\u00a0Vaidehi Shinde<\/p>\n<p><strong>Introduction: <\/strong>Vodafone Idea (Vi) is India&#8217;s third-largest telecommunications company, formed in 2018 through the merger of Vodafone India and Idea Cellular. It offers a wide range of telecommunication services, including voice, data, and value-added services, across India. Vi aims to provide reliable and affordable connectivity to its customers, contributing to the country&#8217;s digital transformation<strong>.<\/strong><\/p>\n<p>\u00a0<\/p>\n<p><strong>Objective<\/strong>: To find out Beta of Vodafone idea and its significance.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Collection<\/strong>: The data of Nifty 50 and the data for Vodafone idea was downloaded from 01-05-2023 to 30-04-2024 form NSE India.com. This data is used for finding out the Friday closing prices for Nifty 50 and Vodafone idea. Weekly return was calculated by the formula (Yt+1-Yt)\/Yt*100 and then weekly returns of the Nifty 50 was taken as X and the equity of Vodafone Idea\u00a0 was taken as Y. Y was regressed on X.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Analysis<\/strong>: Weekly return of Vodafone Idea = (-0.42) + (-1.38)<\/p>\n<p>N = 47, R<strong><sup>2<\/sup><\/strong>\u00a0= 0.056, t stat = (-0.37), F = 2.70, P-value = 0.10<\/p>\n<p>\u00a0The above Equation shows the relationship between nifty 50 and Vodafone Idea. Negative sign before the co-efficient of Nifty 50 tells us that there is a negative relationship. If Nifty rises 1 unit your company will rise by 0.90 and Vice-Versa. Figures in brackets is t stats for Beta and P value is 0.10 which is more than 0.5 meaning that the Beta is not statistically significant. No of observations are 47. R^2 is 0.056 which means 5.6% of the company\u2019s return are explained by Nifty 50. F= 2.701 and the P value for that is 0.10. It is more than 0.05 meaning overall model is not statistically significant at 5% level.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Conclusion<\/strong>: \u03b2&lt; 1 and positive (less than 1) means good for long term investment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Vodafone Idea with Nifty 50 Author:\u00a0Vaidehi Shinde Introduction: Vodafone Idea (Vi) is India&#8217;s third-largest telecommunications company, formed in 2018 through the merger of Vodafone India and Idea Cellular. It offers a wide range of telecommunication services, including voice, data, and value-added services, across India. Vi aims to provide reliable and affordable connectivity&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21381\">Continue reading <span class=\"screen-reader-text\">Relationship of Vodafone Idea with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139566,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21381","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\/21381","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\/139566"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21381"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21381\/revisions"}],"predecessor-version":[{"id":21382,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21381\/revisions\/21382"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21381"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}