Title – Relationship between Yes Bank and Nifty50.<\/p>\n
Author \u2013 Yash Chopra<\/p>\n
Introduction – YES Bank is a private sector bank in India that offers a variety of products and services to retail, MSME, and corporate clients.\u00a0The bank was founded in 2003 by Rana Kapoor and Ashok Kapur.<\/p>\n
Objective \u2013 To find out Beta and significance.<\/p>\n
Data Collection \u2013 Data for Nifty50 and Yes Bank was downloaded from NSE website from the period 1\/05\/2023 to 30\/04\/2024. Data was manipulated to get Friday closing price and weekly returns were calculated by the formula (Yt_1-Yt)\/Yt*100. Weekly returns of Yes Bank were regress on weekly returns of Nifty50.<\/p>\n
Data Analysis – Weekly Return on Interest (ROI) = -(0.47) + (-0.3)<\/p>\n
N= 48, R2<\/span>= 0. 0.003<\/span>8<\/span>, t stat= -0.429, F=0.176492<\/span>, P-Value= 0.676362<\/span><\/p>\n The above Equation shows the relationship between Nifty50 and <\/span>Yes Bank<\/span>. The positive sign before the (-0.81) means if Nifty50 rises and <\/span>Yes Bank<\/span> will also rise and vice versa. The coefficient of Nifty50 has t stat <\/span>\u2013(<\/span>0.429)<\/span> and P-value which is 0.<\/span>68<\/span> it is more than t-stat value. Nifty50 is not statistically significant to increase the price of <\/span>Yes Bank<\/span>. R<\/span>2<\/span>= 0.0<\/span>038<\/span>meaning <\/span>3.8% <\/span>prices are explained by nifty50. 9<\/span>6<\/span>.<\/span>2<\/span>% depends upon other factors like fundamentals are other factors. F= 0.<\/span>17<\/span>is and the P-value for this 0.<\/span>67 <\/span>meaning it is more than 0.5 meaning the overall model is statistically significant.<\/span><\/p>\n Conclusion – <\/span>The coefficient is (-0.<\/span>3<\/span>) which is negative. Therefore, avoid this for any investment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Following post describes the relationship between the Nifty 50 and Yes bank share price. <\/p>\n","protected":false},"author":139600,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21540","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\/21540","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\/139600"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21540"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21540\/revisions"}],"predecessor-version":[{"id":21541,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21540\/revisions\/21541"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21540"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}