This paper aims to perform a statistical and econometric analysis of the premium evolution of Oil and Natural Gas Corporation Ltd (ONGC). The expected return of ONGC will be shown to be slightly below the market return of NIFTY 50, depicting how ONGC's performance is significantly correlated with and influenced by the overall market. A financial and descriptive analysis will be performed and the CAPM model will be applied, where residuals will be analyzed (showing no serial correlation or heteroskedasticity problems), followed by an intervention analysis. Structural changes and exogenous variables (global oil prices and competitors) will be studied alongside the Fama-French Three-Factor model, reaching the final version of our CAPM model. The reader will be encouraged to consider investing in ONGC over other NIFTY 50 companies.
No takes yet. Share an insight, caveat, or question.
Daniel Casado Ginard (2024) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: