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Financial Statistics and its Behavioral Implications- A Case Study of Select Hospitality Industry
Abstract
The paper deals on Financial Statistics of Hospitality Industry vis Indian Hotels Ltd., Benaras Ltd, Sinclairs Ltd and The Grand Bhagwati Ltd. Looking at their share price and Holding period return did their portfolio and Risk Analysis. Taking their standard deviation, variance and the calculation of Sharpe Ratio did the risk analysis. The time period analyzed was from March 2010 to March 2015. The financial Statistics gives a comfortable position for the investors in terms of Returns and so a comfortable Portfolio Return Risk graph. However, a deeper analysis shows that the Profit after taxes of the respective firms are broadly not in congruence with the statistics and so the respective Returns differs. The paper takes an insight into the Behavioral implications of the Financial Statistics.
Keywords
Behavioral Finance, Holding Period Return, Hospitality Industry, Sharpe ratio
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This article is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This article can be used for non-commercial purposes. Mentioning of the publication source is mandatory while referring this article in any future works.
