SUMMARY OUTPUT

Regression Statistics
Multiple R 0.899279
R Square 0.808702
Adjusted R 0.80187
Standard E 0.031023
Observatio 30

ANOVA
df SS MS F Significance F
Regression 1 0.113923 0.113923 118.3687 1.449E-11
Residual 28 0.026948 0.000962
Total 29 0.140871

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.01279 0.005664 2.258142 0.03192 0.001188 0.024393 0.001188 0.024393
X Variable 0.433644 0.039858 10.87974 1.449E-11 0.351999 0.515289 0.351999 0.515289
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.509159
R Square 0.259243
Adjusted R 0.232788
Standard E 0.061048
Observatio 30

ANOVA
df SS MS F Significance F
Regression 1 0.03652 0.03652 9.79919 0.004059
Residual 28 0.104351 0.003727
Total 29 0.140871

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.015648 0.011191 1.39829 0.173004 -0.007275 0.038571 -0.007275 0.038571
X Variable 0.249023 0.079551 3.130366 0.004059 0.086071 0.411976 0.086071 0.411976
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.889263
R Square 0.790789
Adjusted R 0.783317
Standard E 0.032443
Observatio 30

ANOVA
df SS MS F Significance F
Regression 1 0.111399 0.111399 105.8359 5.127E-11
Residual 28 0.029472 0.001053
Total 29 0.140871

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.001198 0.006024 0.198811 0.843847 -0.011143 0.013538 -0.011143 0.013538
X Variable 0.540148 0.052504 10.28766 5.127E-11 0.432597 0.647698 0.432597 0.647698
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.701083
R Square 0.491517
Adjusted R 0.473357
Standard E 0.050579
Observatio 30

ANOVA
df SS MS F Significance F
Regression 1 0.069241 0.069241 27.06575 1.595E-05
Residual 28 0.071631 0.002558
Total 29 0.140871

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.007605 0.009282 0.819311 0.419529 -0.011409 0.026619 -0.011409 0.026619
X Variable 0.5291 0.101702 5.202476 1.595E-05 0.320774 0.737426 0.320774 0.737426
 AXIS BANK HDFC BANK ICICI BANK
Month Close Price Log Return Month Close PriceLog Return Month Close Price
Jan-19 722.95 Jan-19 2081.15 Jan-19 364.25
Feb-19 709.35 -0.018991 Feb-19 2082.15 0.00048 Feb-19 348.8
Mar-19 776.1 0.089932 Mar-19 2316.5 0.106656 Mar-19 398.85
Apr-19 766.9 -0.011925 Apr-19 2315.5 -0.000432 Apr-19 407.75
May-19 808.5 0.052824 May-19 2424.9 0.046165 May-19 423.4
Jun-19 807.65 -0.001052 Jun-19 2446.4 0.008827 Jun-19 437.25
Jul-19 674.4 -0.180305 Jul-19 2251.8 -0.082888 Jul-19 424.5
Aug-19 663.75 -0.015918 Aug-19 2228.9 -0.010222 Aug-19 410.4
Sep-19 684.65 0.031002 Sep-19 1227.35 -0.596651 Sep-19 433.4
Oct-19 736 0.072322 Oct-19 1229.95 0.002116 Oct-19 462.85
Nov-19 739.5 0.004744 Nov-19 1274.25 0.035384 Nov-19 511.95
Dec-19 754 0.019418 Dec-19 1271.8 -0.001925 Dec-19 538.75
Jan-20 729.35 -0.033239 Jan-20 1225.7 -0.036921 Jan-20 525.55
Feb-20 696.75 -0.045727 Feb-20 1177.6 -0.040034 Feb-20 496.05
Mar-20 379.3 -0.608099 Mar-20 862 -0.311978 Mar-20 324.5
Apr-20 444.6 0.158848 Apr-20 1001.75 0.150248 Apr-20 379.9
May-20 383.2 -0.148618 May-20 951.25 -0.051727 May-20 332.1
Jun-20 406.5 0.059027 Jun-20 1065.7 0.11361 Jun-20 351.45
Jul-20 431.6 0.059915 Jul-20 1032.65 -0.031504 Jul-20 346.9
Aug-20 496.95 0.14099 Aug-20 1115.2 0.076905 Aug-20 395
Sep-20 424.5 -0.157577 Sep-20 1079.2 -0.032814 Sep-20 354.9
Oct-20 492.4 0.148379 Oct-20 1183.45 0.092214 Oct-20 392.55
Nov-20 602.1 0.201132 Nov-20 1440.7 0.196695 Nov-20 472.8
Dec-20 620.35 0.02986 Dec-20 1436.75 -0.002745 Dec-20 534.8
Jan-21 663.5 0.067245 Jan-21 1390.8 -0.032504 Jan-21 537
Feb-21 724.7 0.088229 Feb-21 1534.35 0.098228 Feb-21 597.6
Mar-21 697.5 -0.038255 Mar-21 1493.55 -0.026951 Mar-21 581.25
Apr-21 714.5 0.02408 Apr-21 1412.2 -0.056007 Apr-21 600.4
May-21 750.25 0.048823 May-21 1516.4 0.07119 May-21 662.2
Jun-21 748.3 -0.002603 Jun-21 1498.05 -0.012175 Jun-21 630.85
Jul-21 709 -0.053948 Jul-21 1425.8 -0.049431 Jul-21 682.7
 KOTAK BANK NIFTY 50
Log Return Month Close PriceLog Return Month Close Log Return
Jan-19 1253.25 Jan-19 10830.95
-0.043342 Feb-19 1212.45 -0.033097 Feb-19 10792.5 -0.003556346
0.134087 Mar-19 1335.75 0.09685 Mar-19 11623.9 0.0742119085
0.022069 Apr-19 1387.05 0.037686 Apr-19 11748.15 0.0106324577
0.037663 May-19 1519.7 0.091334 May-19 11922.8 0.0147567024
0.032188 Jun-19 1476.6 -0.028771 Jun-19 11788.85 -0.0112983807
-0.029593 Jul-19 1519.1 0.028376 Jul-19 11118 -0.0585887198
-0.03378 Aug-19 1431.7 -0.059256 Aug-19 11023.25 -0.008558738
0.054529 Sep-19 1644.35 0.138483 Sep-19 11474.45 0.0401161629
0.065742 Oct-19 1573.15 -0.044265 Oct-19 11877.45 0.0345188193
0.100824 Nov-19 1614.4 0.025883 Nov-19 12056.05 0.0149249316
0.051025 Dec-19 1684.5 0.042505 Dec-19 12168.45 0.0092799601
-0.024806 Jan-20 1691.05 0.003881 Jan-20 11962.1 -0.0171032668
-0.057769 Feb-20 1619.65 -0.04314 Feb-20 11201.75 -0.0656732696
-0.424391 Mar-20 1296.35 -0.222657 Mar-20 8597.75 -0.264569475
0.157623 Apr-20 1356.95 0.045687 Apr-20 9859.9 0.1369755251
-0.134472 May-20 1223.7 -0.10336 May-20 9580.3 -0.0287671799
0.056631 Jun-20 1359.8 0.105459 Jun-20 10302.1 0.0726388336
-0.013031 Jul-20 1367.45 0.00561 Jul-20 11073.45 0.0722026489
0.129849 Aug-20 1402.15 0.025059 Aug-20 11387.5 0.0279658937
-0.10705 Sep-20 1268.15 -0.100448 Sep-20 11247.55 -0.0123659528
0.100828 Oct-20 1547.6 0.199146 Oct-20 11642.4 0.0345033304
0.186009 Nov-20 1901.65 0.206017 Nov-20 12968.95 0.1079044138
0.12322 Dec-20 1995.4 0.048123 Dec-20 13981.75 0.0751948538
0.004105 Jan-21 1713.45 -0.152336 Jan-21 13634.6 -0.0251422569
0.106924 Feb-21 1782.35 0.039424 Feb-21 14529.15 0.0635463522
-0.027741 Mar-21 1754 -0.016034 Mar-21 14690.7 0.0110576507
0.032415 Apr-21 1748.6 -0.003083 Apr-21 14631.1 -0.0040652803
0.097972 May-21 1807.8 0.033295 May-21 15582.8 0.0630183559
-0.0485 Jun-21 1706.4 -0.057725 Jun-21 15721.5 0.0088614729
0.078987 Jul-21 1654.95 -0.030615 Jul-21 15763.05 0.002639379
 AXIS BANK HDFC BANK ICICI BANK
Average Return/ Arthimatic mean -0.001 -0.01 0.02
Geometric mean -0.02 -0.03 0.01
Risk 0.14 0.14 0.11
correlation 0.90 0.51 0.89
co -efficent of variation -222.54 -11.30 5.48
Beta (using regression analysis) 0.43 0.25 0.54
Variance 0.02 0.02 0.01
co-variance 0.01 0.00 0.01
Beta ( variance - co variance) 0.43 0.25 0.54
Beta calculation using slope 0.43 0.25 0.54
KOTAK BANK NIFTY 50
0.01 0.01
0.01 0.01
0.09 0.07
0.70
9.96
0.53 1.00
0.01 0.005
0.004 0.005
0.53 1.00
0.53 1