{"id":21590,"date":"2024-10-10T07:09:23","date_gmt":"2024-10-10T01:39:23","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21590"},"modified":"2024-10-10T07:09:23","modified_gmt":"2024-10-10T01:39:23","slug":"relationship-of-vip-industries-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21590","title":{"rendered":"Relationship of VIP Industries with Nifty-50"},"content":{"rendered":"

Title:<\/span> Relationship<\/span><\/span> of VIP<\/span><\/span> Industries with Nifty-50<\/span><\/span><\/p>\n

Author:<\/span> Vinit. gopal. dingoliya <\/span><\/span><\/p>\n

Introduction:<\/span> VIP Industries Limited is an India-based luggage manufacturer and supplier. Its distribution network provides access to VIP luggage anywhere in India via approximately 11,000 points of sale across exclusive stores, multi-brand stores, large format retail, defines canteens\u00a0and\u00a0e-commerce.<\/span><\/span><\/p>\n

Objective:<\/span> To find out beta of VIP industries and its <\/span><\/span>significance<\/span><\/span><\/p>\n

Data Collection:<\/span> D<\/span><\/span>ata was collected from NSE site for the period of <\/span><\/span>08-10-2023<\/span><\/span> to <\/span><\/span>08-10-2024<\/span><\/span>. Data was manipulated to find the Friday closing price. Weekly returns of NIFTY50 and <\/span><\/span>VIP ind<\/span><\/span>ustries<\/span><\/span> were calculated. Weekly return of <\/span><\/span>VIP industries<\/span><\/span> if Y and weekly returns of NIFTY50 is<\/span><\/span> X. Weekly return <\/span><\/span>of<\/span><\/span> VIP<\/span><\/span>industries<\/span><\/span> was regressed on weekly returns\u00a0of\u00a0NIFTY50.<\/span><\/span><\/p>\n

Data <\/span>analysis:<\/span> Weekly return of VIP industries <\/span><\/span>= 0.<\/span><\/span>56<\/span><\/span> +<\/span><\/span><\/p>\n

2.2<\/span><\/span>1<\/span><\/span> (weekly return of NIFTY 50)<\/span><\/span><\/p>\n

(<\/span><\/span>-0.30318<\/span><\/span> T STAT)<\/span><\/span><\/p>\n

N=<\/span><\/span>46<\/span><\/span>, R2=<\/span><\/span> 0.002085<\/span><\/span>, F=<\/span><\/span>0.091916628<\/span><\/span>,\u00a0P\u00a0VALUE=<\/span><\/span> 0.763183435<\/span><\/span><\/p>\n

INTERPRETATION:<\/span> The above equation shows the relationship between Weekly Return of <\/span><\/span>VIP industries <\/span><\/span>and Weekly return of NIFTY <\/span><\/span>50. The<\/span><\/span> plus sign before the coefficient of NIFTY50 tells that if NIFTY rises your company will also rise and vice versa.<\/span><\/span><\/p>\n

-0.30318<\/span><\/span> is the <\/span><\/span>T<\/span><\/span>STAT for the Beta and the P value for which i<\/span><\/span>s –<\/span><\/span>0.303177552<\/span><\/span> which is less than 0.05 meaning<\/span><\/span> Beta is statistically significant @ 5% level.<\/span><\/span><\/p>\n

R2 is <\/span><\/span>0.002085<\/span><\/span> meaning <\/span><\/span>0.<\/span><\/span>20<\/span><\/span> of <\/span><\/span>company\u2019s<\/span><\/span>return are explained by NIFTY50 the balance <\/span><\/span>99.79<\/span><\/span> maybe due to fundamentals<\/span><\/span>.<\/span><\/span><\/p>\n

\u00a0<\/p>\n

F is<\/span><\/span> 0.09191 <\/span><\/span>and the P value is <\/span><\/span>0.763183435<\/span><\/span>meaning the overall model is statistically significant.<\/span><\/span><\/p>\n

\u2022 CONCLUSION:<\/span> Since Beta is <\/span><\/span>-0.17511<\/span><\/span> which is <\/span><\/span>less <\/span><\/span>than 1, this is <\/span><\/span>good for long term investment.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship of VIP Industries with Nifty-50 Author: Vinit. gopal. dingoliya Introduction: VIP Industries Limited is an India-based luggage manufacturer and supplier. Its distribution network provides access to VIP luggage anywhere in India via approximately 11,000 points of sale across exclusive stores, multi-brand stores, large format retail, defines canteens\u00a0and\u00a0e-commerce. Objective: To find out beta of… Continue reading Relationship of VIP Industries with Nifty-50<\/span><\/a><\/p>\n","protected":false},"author":139613,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21590","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\/21590","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\/139613"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21590"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21590\/revisions"}],"predecessor-version":[{"id":21591,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21590\/revisions\/21591"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}