Calculation of stock beta based on market model

(Regression Analysis)
Date
16-Aug-10
15-Sep-10
15-Oct-10
15-Nov-10
15-Dec-10
14-Jan-11
15-Feb-11
15-Mar-11
15-Apr-11
16-May-11
15-Jun-11
15-Jul-11
16-Aug-11
15-Sep-11
14-Oct-11
15-Nov-11
15-Dec-11
16-Jan-12
15-Feb-12
15-Mar-12
16-Apr-12
15-May-12
15-Jun-12
16-Jul-12
16-Aug-12
14-Sep-12
15-Oct-12

SNP CNX
500
4554.45
4861.30
4998.70
5042.80
4760.30
4566.75
4384.60
4334.70
4679.80
4436.10
4423.00
4514.65
4081.30
4097.00
4090.70
3996.95
3720.20
3833.15
4381.45
4275.75
4186.70
3932.90
4047.45
4134.75
4222.65
4348.80
4511.85

Ashok
Leyland
71.00
76.15
74.15
75.45
66.00
59.05
54.65
52.65
55.05
49.25
50.50
51.20
25.25
26.90
24.60
26.30
23.80
25.10
29.30
27.35
29.25
25.90
25.80
24.05
22.75
21.90
23.70

Return on Return on
index
stock
SUMMARY OUTPUT
0.0652
0.0279
0.0088
-0.0577
-0.0415
-0.0407
-0.0114
0.0766
-0.0535
-0.0030
0.0205
-0.1009
0.0038
-0.0015
-0.0232
-0.0718
0.0299
0.1337
-0.0244
-0.0210
-0.0625
0.0287
0.0213
0.0210
0.0294
0.0368

0.0700
-0.0266
0.0174
-0.1338
-0.1113
-0.0774
-0.0373
0.0446
-0.1113
0.0251
0.0138
-0.7069
0.0633
-0.0894
0.0668
-0.0999
0.0532
0.1547
-0.0689
0.0672
-0.1216
-0.0039
-0.0702
-0.0556
-0.0381
0.0790

Regression Statistics
Multiple R
0.68538
R Square
0.469746
Adjusted R Square 0.447652
Standard Error
0.115633
Observations
26
ANOVA
df
Regression
Residual
Total

Intercept
X Variable 1

SS
MS
F
Significance F
1 0.284286 0.284286 21.26135 0.000112
24 0.320905 0.013371
25 0.605191

Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%Lower 95.0%Upper 95.0%
-0.04144 0.022678 -1.82741
0.0801 -0.08825 0.005363 -0.08825 0.0053632
2.097106 0.454805 4.611003 0.000112 1.158435 3.035777 1.158435 3.0357768