Comparative Analysis of Share Prices of Hotels In

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    Comparative Analysis of Shareprices of Hotels in Nepal

    Group 4 Section A

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    Objectives To evaluate the descriptive statistics of share

    prices of Oriental hotels limited, Soaltee hotel

    limited, Yak & Yeti hotel limited and TaragaonRegency hotels. To determine the interval estimate of the share

    prices of OHL, SHL, YHL and TRH for the month ofanuary. To test !hether the share price of SHL is more

    than YHL. To analy"e !hether the share prices of the hotel

    industry are dependent to each other or not. To test !hether the varia#ility of stock prices of

    various hotels are same or not.

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    Descriptive Statistcis

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    Estimation $nterval estimate can #e

    determined #y

    %stimated the price of stocks formonth of anuary !ille #e

    'rs. ()* to 'rs. (+ for OHL

    'rs. +- to 'rs. + for SHL

    'rs. ) to 'rs )- for YHL

    'rs. +* to 'rs. +* for TRH

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    !o sample t " est Test !as done to check !hether themean price of stocks of SHL isreally greater than SHL.

    The Hypothesis !ere'ull hypothesis Ho/

    0lternate Hypothesis H+/

    Level of sig. !as ).)1 and degree of

    freedom -2alculated t !as 1.+* !hich !as

    greather than critical value of .3

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    !o sample t " est The null hypothesis !as reected.

    $t !as concluded that the stockprice of SHL !as signi4cantly morethan the stock price of YHL.

    This proves the SHL is doing #etterthan YHL 4nancially.

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    est for Depen#ence 2hi s5uare test !as done to check

    !hether the stock prices of various

    hotels are dependent to each otheror not.

    The follo!ing hypothesis !ere set'ull hypothesis Ho/ The share

    prices of hotels are independent toeach other. 0lternate HypothesisH+/ The share prices of hotels aredependent to each other.

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    est for Depen#ence

    2hi s5. !as calculated !hich !asless than the critical value of chis5uare.

    'ull hypothesis !as not reected Sho!s the stock price of hotels are

    not dependent.

    This is #ecause the stocks of each

    hotel depends on their singularperformances even though theyhave similar functions and similarseasonal #usiness.

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    Analysis of $ariance0'O60 !as carried to test !hether

    the varia#ility of OHL and TRH are

    same or not.Hypothesis !ere set as

    Ho/ 7H+/

    8 test !as done.

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    Analysis of $ariance The calculated 8 !as found to #e

    .)1 !hich #elonged to the

    acceptance region of the upper andlo!er limit of ta#ular 8

    Hence 'ull hypothesis !as notreected.

    0s the previous analysis thevaria#ility of stock prices of OHLand TRH !ere actually e5ual.

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    Conclusionhe share prices of SH% is si&ni'cantly

    hi&her than the share price of (H%

    he share prices of hotel sectors aresi&ni'cantly in#epen#ent on each other)

    he population variability of share pricesof various hotel are same)

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    han* (ou+++