TITLE: RELATIONSHIP OF AVALON TECHNOLOGIES LIMITED WITH NIFTY50<\/p>\n
\u00a0<\/strong><\/p>\n AUTHOR<\/u><\/em><\/strong>: Ateeullah Choudhary(021330024080)<\/strong><\/p>\n \u00a0<\/u><\/strong><\/p>\n INTRODUCTION<\/u><\/strong>: Avalon Technologies Limited<\/strong> is a prominent player in the electronic manufacturing services (EMS) sector. It provides a wide range of services, including printed circuit board assembly (PCBA), cable assembly, sheet metal fabrication, and box build services. The company serves industries such as industrial, aerospace, defence, and medical, offering end-to-end solutions from design to mass production. Avalon is known for its focus on high-quality manufacturing and technological innovation.<\/p>\n \u00a0<\/u><\/strong><\/p>\n Objective:<\/u><\/strong> To find out the beta (\u03b2) of Avalon Technologies Limited Alon Technologies Limited\u00a0 and its significance.<\/p>\n \u00a0<\/p>\n Data Collection:<\/u><\/strong> The data was collected by taking the weekly return of NSE (National Stock Exchange), NIFTY50 and AVALON TECHNOLOGIES LIMITED ALON TECHNOLOGIES LIMITED of dated time of 1 year from 1st<\/sup> May 2023 to 30th<\/sup> April 2024 with the help of the\u00a0NSE site. Friday’s closing price and weekly return were calculated by formula.<\/p>\n The weekly return of Nifty was taken as (X) in terms of company AVALON TECHNOLOGIES LIMITED as Y is taken. Y was regressed on X.<\/p>\n \u00a0<\/p>\n Data analysis:<\/u><\/strong> Regression equation.<\/p>\n \u00a0Y (Intercept)= AVALON TECHNOLOGIES LIMITED ALON TECHNOLOGIES LIMITED + NIFTY 50 (weekly return of nifty)<\/p>\n Relationship of Nifty 50 and AVALON TECHNOLOGIES LIMITED ALON TECHNOLOGIES LIMITED = 0.31 + (-0.35) (1.72) {t-stat})<\/p>\n \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 N = 48, = 0.06, F = 2.97., P(VALUE)= 0.091<\/p>\n The above equation shows the relationship between Nifty 50 and AVALON TECHNOLOGIES LIMITED, the\u00a0negative sign before the co-efficient of Nifty 50, Tells us that there is a negative relationship if the\u00a0nifty rises by 1 unit, the\u00a0company will fall by 0.31 And vice versa as the co-efficient of t stats as (1.72) for beta. The p-value for which is 0.15 which is more than 0.05 meaning beta is statistically significant.<\/p>\n N=48, =0.06 which means 9.1% of AVALON TECHNOLOGIES LIMITED. returns are explained by Nifty 50. Other variables (91.8%) are not explained in the\u00a0model.<\/p>\n f= 2.97 and the value for that variable is 0.091,\u00a0it is greater than 0.050 meaning the\u00a0overall model is statistically significant at a\u00a05% level.<\/p>\n \u00a0<\/p>\n Conclusion<\/u><\/strong>:<\/p>\n Since beta is 0.31 \u03b2< 1 and positive (less than 1) means good for long-term investment in Avalon Technologies Limited Alon<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" TITLE: RELATIONSHIP OF AVALON TECHNOLOGIES LIMITED WITH NIFTY50 \u00a0 AUTHOR: Ateeullah Choudhary(021330024080) \u00a0 INTRODUCTION: Avalon Technologies Limited is a prominent player in the electronic manufacturing services (EMS) sector. It provides a wide range of services, including printed circuit board assembly (PCBA), cable assembly, sheet metal fabrication, and box build services. The company serves industries such… Continue reading RELATIONSHIP OF AVALON TECHNOLOGIES LIMITED WITH NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":139476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21505","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\/21505","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\/139476"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21505"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21505\/revisions"}],"predecessor-version":[{"id":21506,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21505\/revisions\/21506"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21505"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}