Seasonality Effect in Solar Power and Battery Sector
| Vol-3 | Issue-12 | December 2018 | Published Online: 10 December 2018 PDF ( 217 KB ) | ||
| Author(s) | ||
| Navya Raj 1; Niharika Mehta 2 | ||
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1BBA (F&A), Department of Professional Studies, Christ University, Bengaluru (India) 2BBA (F&A), Department of Professional Studies, Christ University, Bengaluru (India) |
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| Abstract | ||
In this paper, the concept of Seasonality has been understood with the help of Chow Tests. For the purpose of the research, two sectors that are affected by this phenomenon are chosen with three companies under each that are analysed for Seasonality testing. From the Solar Power industry, WelspunCorp Ltd., Websol Energy Systems Ltd., and Moser Baer, and Amara Raja Batteries Ltd., Exide India Ltd., and HBL Power Ltd. has been chosen from the Battery sector. These companies are chosen in the order of their contribution of market capitalisation of their respective sectors. The NSE India website has been referred to for extracting the stock prices of the company for the analysis. Based on various prior researches, Seasonality has been observed as a vital factor for the investors to consider at the time of making their investment decision as this concept helps predict the variations and volatility of the stocks of companies. |
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| Keywords | ||
| Seasonality, Chow tests, Anova, Patterns in Stock Prices, F-critical Value and P-Distribution Values | ||
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