{"id":23124,"date":"2025-12-19T23:02:23","date_gmt":"2025-12-19T17:32:23","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23124"},"modified":"2025-12-19T23:02:23","modified_gmt":"2025-12-19T17:32:23","slug":"regression-of-orissa-bengal-carrier-limited-and-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23124","title":{"rendered":"Regression of Orissa Bengal Carrier Limited and Nifty 50"},"content":{"rendered":"<p class=\"MsoTitleCxSpFirst\" style=\"text-align: center\" align=\"center\"><b><u><span lang=\"EN-US\" style=\"font-size: 22.0pt;font-family: 'Times New Roman',serif\">Relationship of Nifty 50<\/span><\/u><\/b><\/p>\n<p class=\"MsoTitleCxSpMiddle\" style=\"text-align: center\" align=\"center\"><b><u><span lang=\"EN-US\" style=\"font-size: 22.0pt;font-family: 'Times New Roman',serif\"><span>\u00a0<\/span>with<\/span><\/u><\/b><\/p>\n<p class=\"MsoTitleCxSpMiddle\" style=\"text-align: center\" align=\"center\"><b><u><span style=\"font-size: 22.0pt;font-family: 'Times New Roman',serif\">Orissa Bengal Carrier Limited (OBCL)<\/span><\/u><\/b><b><u><\/u><\/b><\/p>\n<p class=\"MsoTitleCxSpLast\" style=\"text-align: center\" align=\"center\"><b><u><span lang=\"EN-US\" style=\"font-size: 22.0pt;font-family: 'Times New Roman',serif\"><span style=\"text-decoration: none\">\u00a0<\/span><\/span><\/u><\/b><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoTitleCxSpFirst\"><b><span style=\"font-size: 16.0pt\">\u00a0<\/span><\/b><\/p>\n<p class=\"MsoTitleCxSpLast\"><b><u><span style=\"font-size: 16.0pt\">About<\/span><\/u><\/b><b><u> <\/u><\/b><b><u><span style=\"font-size: 16.0pt\">Orissa Bengal Carrier Limited (OBCL)<\/span><\/u><\/b><b><u><\/u><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Orissa Bengal Carrier Limited (OBCL) is an Indian logistics and transportation company listed on the NSE. The company provides cargo transportation services across India and operates in the logistics and freight movement sector, which is sensitive to fuel prices, demand cycles, and company-specific operational factors.<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Objectives of the Study<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">To study the relationship between <b>Nifty 50 index<\/b> and <b>Orissa Bengal Carrier Limited (OBCL)<\/b> stock price.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">To calculate the <b>beta of OBCL<\/b> and test whether it is <b>statistically significant<\/b>.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Data Collection<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Historical price data of <b>OBCL<\/b> and <b>Nifty 50 index<\/b> was collected for a one-year period.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">The data was processed to obtain <b>weekly (Friday) closing prices<\/b>.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Total number of observations used in the study: <b>48<\/b>.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Data Analysis<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">From the regression output:<\/span><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Intercept (a)<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = 7.6132<\/span><\/li>\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Beta coefficient (b)<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = \u20130.0003186<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Regression Equation:<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><!-- [if gte msEquation 12]&gt;--><span style='font-size:12.0pt;line-height:107%'>OBCL<br \/>\n   Price<\/span><i><span style='font-size:12.0pt;line-height:107%;font-family:\"Cambria Math\",serif'>=7.61-0.000318\u00d7<\/span><\/i><span style='font-size:12.0pt;line-height:107%'>Nifty<br \/>\n   50<\/span><!-- [if !msEquation]--><span style=\"font-size: 11.0pt;line-height: 107%;font-family: 'Aptos',sans-serif\"><!-- [if gte vml 1]&gt;--><\/p>\n<p><!-- [if !vml]--><img loading=\"lazy\" decoding=\"async\" src=\"image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAWQAAAAZCAYAAAAG0FSLAAAAAXNSR0IArs4c6QAAAAlwSFlzAAASdAAAEnQB3mYfeAAAABl0RVh0U29mdHdhcmUATWljcm9zb2Z0IE9mZmljZX\/tNXEAABE8SURBVHhe7VwNcqNID1VTc5jPgPcyNpDTQMNcJoA9hxmDPZcJfE\/dNDYYMCROMrsFVVNbG\/ev6H6SniR+xHFM67NKYJXAKoFVAt8vgR\/fv4R1BasEVgmsElglwBJYAXk9B6sEVgmsEvhLJLAC8l\/yItZlrBJYJbBKYAXk9QysElglsErgL5HACsgzX8SuLuogP5OXFiSOiZjZbW22SmCVwCdLYEdF9ZKdxf71RJErrCRJ6k+e8tOG7wByGO7qHFkXcZ5TWV7ndByPvCgicTneAVG4KWrh5\/cLdBzyvIiiyKNjcg9gw3M55Hge+uzpcuzOZeZxZEG+uF\/HmIRG10c8V0RpNry++\/HOSibe+dPexZcNPC4TswSPsjqjy8B7G1pkuNvUnK2T5yWVXkaxexlUWKadpGi0zVcIYYczG+DMmiPuYM1zz8GSvs9o6xB1AGa3s6tDLIWSdSMsx4NEcT99h6x4AIxC9InRh+VOuW\/hXd0BVtsG45pH3fs0Izky7rPfFc5lZQW5qG1Jp1NErujuneczbfavFbYimv3ibuJe7vluutdVcdstxit4t17a7D2pd7tdRY4j+rJdup8w3FSBFYisHsB\/J2r2cFUQwLwqD15EkBWkewAjo1fKpdu+txaQ+bL4rkvqffCLkPhnE50Bzjn+SRxgHFy0Gb5s6lBwB\/WcKY\/RT\/roK6koovoWlKfnkuSjD4C3XgK8j4TZXx\/vS+Y+XroCn\/oR+ByFL1SG4CV5NNVf\/3t5fqBVoBQfyUNdDlbgfkAC99zLUoCaM6x8G8AWUXPZve8T0Q7v2vV5vVDsMDCwNIAzzoHPimR6XUv6PqstUIdMauqOsmrrlsKWWoEwoJQH\/23rSeHjlQLEKjcMWwA3IPtI7uGOqu3WEwWAMCsgFwBwXR7e4sATEqjoZVUVRSGA\/Issz1LSS7KjMnJpTlLukXxLSry7Pz8paa6nBkuJPXmUvobkANsgL6Kywl63og5\/UynnjT96KmCh8U1yopRCR1DXCrGBLV0wTjAvYI1sGIKhJ+iQwIiJt1jXqYok5AtlqgCZL1bcgDEfVFdZwhe6XIgE\/l5kES6eC6D0KXNGgNKBVdta0AIH3CcPQOwD+A4lrOtmV3Pm4rVICKuA6nEvT6IHeusTuJW1p637OC5hdX8fSHzHzEOeBg4xlGCMAwbEPE4rHvMeJV2t6WNyvNsKjlbtBjlFaUp1doacoaS\/Y8PqnPP+2M3JmjOObV6EwHZxTn0qvPHztqTvM9sqMGRL0IChI+k11GCsXXPXyry88vJcHMuQtgBQBjEFskEmQiN3a1zuhziionZIAriMlY23b0VpXB22EazxA0aEFhuBR7b8Yj8WFI1b06pNgDZhCovbWLbjB6GUW\/I22DsUzJDV\/\/AIGbDchxS42gLl0wm5PPmxydt75N9RJRcoh5v7kMckS4BxdGJFYP3BerLTqVIgHSeURmnlY6\/aQlaNgfSgAzQYdx8MLMKsqKUCypg2MyxKHsEGbcEmN7sTrfExY64olXXuSmWZY8rPe2AJeoCHvFmgsmqgaWWRkh0HUEAl7m4NmSTi+luXQ1bABCtR3rp6jQt5ueGaW3e9bQd3RY5TOp+3aYAQrH2f7sGzZNoB3lGE13a8\/7mzpBLykSUucTFNbeDoCB\/KHBQUDtjme7k99vawCw\/v\/dbTUf+P387nkt3k4WdJ3ye1BRKqNZnboyxB4OKvnwn9enBAgAWW18rdrtB8mEZioNxK\/GbjvvaaODZt0LGYcRhtOgCUgA8AmT6IKjBm4Kn3lMKJ5kMwpe49KBF6eaE8CCj1NFBN8cLKc5Bw1H5rDhlUxpsFG1AdNlig0CNVBAohshNomVrTBe3fGwwAnaNpkgGrtg7pd+83JRJ4mvx25mA8YxksQApxuVi18f6Bq1YY7isJWuWQpxTgBwXIqjHzGfvxm8igvPecWpZMYXSomtHXdVZENDZ8c\/5nzYVLXBRFXWJNxweW2oyzsrhJHrgQNAMmaBgcoCM8haFHW0KgeVTbTFE84HgoRj8Gc0OF6HawUAB2Eq79nqmgA7h63C63fOwqL97AOzoYq449pCHO\/3bIWwvw3xTgNGcPOMMO4PWxEU\/AWyw7lkNXiEv6Pq2tyKkoeaEAlTHrlC1hgBHISJJba5AfnjoODArQkxUVZ3GGBTekkRxnQ2U+DqMKWLJTlflbEWy3HVBuwbgAGFcpPKQ5QTfQDOmRDkFGQbCnQNE28w+1DUs9dXJKQJvWe6YHHAgICoff89Dfzxc6YIIkj5ghukqasQ4QZod72mLdw5Y6X+aA3H\/yisXHjwO++jVlOlR7MZo+EaLGwTOkbrsb28bZE5QfAKpA5B\/a9QQJqDQkzumEZeSgM0iYYUuiPNDGs5slMYcMMIMF5WVXC2rJXIkK6j0w0+a\/o+GWjSXjdG4oLHr7GpiaUgjKomSVo2ieRDDFA44HVAspKsQoLt0Orn1jTSqAb9vFVEegTiYyN7R1fhNlfbDvpYFPHk5bx+D7H7MVyprUliYsqDyu4zbAxIopxUGcH3T96Ct8an9YPDvQc48U0uCcS\/oubHuq6qof4AoRmMoPMRjFM9nwbAvpLAZjs499FJN7AKC\/JJSlkbJIayrfcgBszgG20CWGCMPPDu3fgDIFV1DGfYchCoBeBMZ6dMtLrSzP3oI8EPvUA20zn7o4Hi9WuLerJBbAYQC6pykLvp9Df\/eisPJiBOcaUDSIXIKqKYGLIQxV9hL6Vr1S4GgRJxycS2G8CdhjCa5HQFu8Y+b0Q8gSF0ZvCvi5tW7oJ4XejgJp44XAQtbZA+aHEWOwGVBbEkNPiUDcXbKFZtFvmi+Y66k3jZfRVRgc1NPBDs7qcODBGvCHGz6bQ8UpBYj1mycXFwFAcC0IALZKCG6CDUHbu13rtpfnWskzP0xz2G1AcbZMlikyxfO6TM88to55CdoCZKYLfDPcS98FpaUydEDzgPuHa\/A87n\/2nj\/QsLFc5qu8m7mW9F3YdowusIuoElHU8At8oc\/MAVcOTbv2YxJieuN0yisfQTyfOTuiSg0Ojw4ADetwOHujP54C5fQEekSDcu7AuClh7Z7mWsbdEdmYO1gBZTfUhTJhn\/wkycXa7+sKXLl4rbzKFwyi5VvCVI4dEhMHQ4\/K0sJvNu624fSF68Go2SBbJBYv8V4FDpfwdABkmMyK6tURw8kHfJbC7oFGfausvaDgsc5tdsaCuR6tZeHv9wqD094kotXRQxd9eKpGucBKnLaomnaIHLtQWoMvduFent2cvRnAsVIs85NIoLiQEmUsexVniKLa48waAHXUy6x5z5q\/wjN4z7q+u8\/ZjS3W9yqNCpad32QzGYtsaR5uGNqVjyyLHJ7hCS4ShrZgwKgsizFeeBTcFSin1QGWbcbxUyjsALwuB7GWyo2BMj3J6gxgDBAYZuoC2Zif8nAcIYCFbLjcegZdkcAS58UgI6nry3NsKjhQxtlM8ISXIPIPvkiwpOGhnInjB1PJBiZdirmYSW4Di+RxCbxp5ulMi02W1Tgos+ZiMC9RhAFn7CZz42PvYcyNB5h+bOC5vSfycz+dmplYo7KOlaEfzUp1m97ucxXu53gGvSAzb4jPPv8XF2FauS7p+\/G2yltt3dz73GG2SPmO5V6ELAspkkPIubmL+Fae4uAjtA0gzn57zFYbrtSKCvCiFlLfQGX0U+rGzoHhjLMa2QewkPMAlIV9H+ibe23Yen+VNnjyAOl+drUY1edOxBx8ciDZ0BZlNE1XzB22045pDEU\/3XgyPUNYBfVMlHnKdb7yv90g3byFXcF+zlxMLwQ+rDYFYvNm+PpWDfgM8IGaApCcrkEhFqY8kKF27OZD8cDngX4bT+\/7TEvRWMdZh7b5oDQbXmyS\/vrgFO\/pbrJ+7voaz+8u2ndtuaTv09oCfR4F1HiFGxdhIfD4txkZc+WjrGPA+nD7DddPAKxLFQMdDy3q3tcAns2BPWQ8nDWH3Av0zV2baecgVS7KtwiCv1Ai78JiS4cbbM\/KjYtuAMoirVB88w\/fy3G6oi0K2b+2BSdjC7lSIgicolEH0lSmRq1S53JY\/zrtjbUDoo8697cA\/9erklMFAEhpUalx8y0pHY3nCW4ChjPnUuxuLz3pKZJ\/0iBt1gkyKmJEZ2+FXELLcpaGBPnEXoHKTpHdfGy1DKQA+iDeVWrdxLo+x1LknMz3WcfjSnUujfOkl7BwGAeH3sEh7qdTas9vOstoSd+ntt05KJDA8uDIqfSuzBM6Beu+io091+U8uAFdNpr6WRYXcMBKK6j0t6l0NUWfIAgYFxqMUVBiieRYR0iDI0552yKF7fQ4hW3olTJYRq8SOdGoNlwQ3B48Ho2xMCQnx9uTA485iQH6M7Ir2NASCPwZ3tlQRSVSg5Hf0YIsvztDiSQx8qKbghSWmeKpkQ6Ho0nMxihAZnCJ0qwukXbBwIv0rJoHMJV6LkqxdAFfNl62fBc045zOpt8NiM+eS+VE31uNJUAM7\/zec0Ge4VdH9x2UqyrOFDJDJLDWaW+IWPOhgawMv6ragf\/iPG7kHteRzntD8QyCYwNBwYU48+7mc6zjNmXvpgDkqsADqpGeyPvUVXs6BXA0KGqogSVZBu\/e3X1Hzom+FoFow8MENPlsm\/c1tOe5fdV9mjnPo7Y21nSXyqaq2GwUEngqgl8ekrfAK5FSJZENIBBPHciGgNyVt9K6zFcwV2AX7avYyxU1cZdlgfGQhYDsAFAZI5V6Boz9\/ArGJkVMjd+AcgBQpipV617Kc1+pC+z1Q7xF49miGCOyvWqz2QEsHb0erlB2EpKIgQBOIeNrznD\/NKkA5mtY5dtEBNaWDpypgfRAzrLYwlupgUeo31Egq0hRQ4lwZd45qv6HSj2fA5+o3HMg3wBpdcyzt6XTIKgFyibbb1nksOhMPgXXtMuRb1mYhQ5lWYz1ezQXR3b737JoBdKQ7ffXDcGIL6Y34Iqgjr3QhSEMzGpROie5+YaH+otqB9m27aRePQcVUQX5zqDix5Cq9V5mlknfzqaUKvZjY9+oUOKfav6WAu8nK\/jdXRWpKZzJQQugiX44wIkvKziOU9vI2fxKRcqZJBmyQWKlPHjd\/L6g\/Gek6i3p+4y2eS+VzdmhPL3mb80gx1WfIf4mgzpvAOib6r2GPvAD0Zf71lJyr1juevykTs6udcrdKpZZJ8uC7y+naqrqvQdl0+cLwLiAZTxQhadBOUVwLhdcKDnpDk4c65a6UB+neN9jgLR8SUSMQCHQkE5IkWuURFuoQXukyyFF7c\/EvrEtZKekVYCx+Ey1959LqaNrHrLGAAA4FNNGfcsiRoCywYqxb1k0nRCIQ4k0W3z9ZyRBuU3xGpPPWD8V9BueS1V19Z6H83Qy\/a+dr\/0ep4K11MBAMcrYbwxOXIbd5bovDLKdHQy34wrlLwoq9uUJJeHCEkAN3eTJZmWi2+losnlU0PZu3xzrHd730JHSYz1+L++7esO9TLDZ7xQadNcwuWcE0ab6duTzwbZu3FvXkYN4Q3dGn7fb1gwAfC6n5H47\/vFMFn\/uoH\/z+X32lnF\/N3kuD+lox5+jbZlHdTyctl\/43sRImSHuKr5JgRXgmxTuwLVQe4LSx2d2Om3ab1ncjM1gyYVdqGsEGnYn5N\/YeIibb6r8+vnzrvLRcLqTJYUMtMi04A+ixUyvts+fwWpKFYRl49ZMrNr\/wl6v61s\/v\/nM276OtUpglcC\/WgKmxNlwul9tLq2A\/K8+PuviVwmsEvioBJgDR5qtYP6XqQT7htP96NhL+6+AvFRia\/tVAqsE\/mMSOFOCakD+rjFX370irsDUzVdbxyzUFZD\/Y0dr3c4qgVUCyySg+G1OX226DXHKy0Z8f+sVkN8vu7XnKoFVAqsEniqB\/wMd0kB2MqWX5AAAAABJRU5ErkJggg==\" width=\"285\" height=\"20\" \/><!--[endif]--><\/span><!--[endif]--><br \/><!-- [if !supportLineBreakNewLine]--><br \/><!--[endif]--><b><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Interpretation of Results<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">The <b>negative beta (\u20130.000318)<\/b> indicates a <b>very weak inverse relationship<\/b> between Nifty 50 and OBCL stock price.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">This means that if the <b>Nifty 50 increases by 1 unit<\/b>, OBCL\u2019s price is expected to <b>decrease by only 0.000318 units<\/b>, which is <b>economically negligible<\/b>.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Statistical Significance of Beta<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">t-statistic for beta<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = \u20130.5285<\/span><\/li>\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">p-value<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = 0.5997<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Since the <b>p-value is greater than 0.05<\/b>, the beta coefficient is <b>not statistically significant<\/b>, even at the 5% level.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Therefore, <b>OBCL does not reliably move with the Nifty 50<\/b> based on this data.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">R-Square Interpretation<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">R\u00b2 = 0.0060 (0.6%)<\/span><\/b><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">This indicates that <b>only 0.6% of the variation in OBCL\u2019s stock price<\/b> is explained by movements in the Nifty 50, while <b>99.4% of the variation<\/b> is due to other company-specific or sector-specific factors.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Overall Model Significance (F-Test)<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">F-value<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = 0.2793<\/span><\/li>\n<li class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Significance F (p-value)<\/span><\/b><span style=\"font-size: 12.0pt;line-height: 107%\"> = 0.5997<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Since the <b>F-test p-value is greater than 0.05<\/b>, the overall regression model is <b>not statistically significant<\/b>.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Summary of Key Results<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Number of observations = <b>48<\/b><\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">R-square = <b>0.0060<\/b><\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Beta = <b>\u20130.000318<\/b><\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">F-value = <b>0.2793<\/b><\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Model significance = <b>Not statistically significant<\/b><\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">Conclusion<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">The Nifty 50 index has <b>negligible explanatory power<\/b> in predicting OBCL\u2019s stock price using this one-year weekly data.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">OBCL\u2019s stock movements are largely influenced by <b>company-specific, sectoral, and operational factors<\/b> rather than overall market movements.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">The regression model is <b>weak and unsuitable for forecasting or trading decisions<\/b>.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size: 12.0pt;line-height: 107%\">References<\/span><\/b><\/p>\n<ul style=\"margin-top: 0cm\" type=\"disc\">\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Frost, J. (2017). <i>How to Interpret R-squared in Regression Analysis<\/i>.<\/span><\/li>\n<li class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">Gujarati, D. N., &amp; Porter, D. C. (2009). <i>Basic Econometrics<\/i> (5th ed.). McGraw-Hill.<\/span><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-size: 12.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-size: 18.0pt;line-height: 107%\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of Nifty 50 \u00a0with Orissa Bengal Carrier Limited (OBCL) \u00a0 \u00a0 \u00a0 About Orissa Bengal Carrier Limited (OBCL) Orissa Bengal Carrier Limited (OBCL) is an Indian logistics and transportation company listed on the NSE. The company provides cargo transportation services across India and operates in the logistics and freight movement sector, which is sensitive&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=23124\">Continue reading <span class=\"screen-reader-text\">Regression of Orissa Bengal Carrier Limited and Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139914,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23124","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23124","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\/139914"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23124"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23124\/revisions"}],"predecessor-version":[{"id":23125,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23124\/revisions\/23125"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23124"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}