## Comment on Live Example -1

Thanks for the reply Karthik,

You are right X = Y divided by m. So for one lot of X you need m lots of Y (substitute X=1 in Y= mX). BUT in 13.3 LIVE EXAMPLE of Tata motors and Tata motors DVR, this is what written (copying directly)

“The beta neutrality states that for every 1 stock of Y, we need to have beta*X stock of X”. This is applicable to equation X=mY by substituting Y=1lot, you get X=m lots. As per my understanding, its not Y=mX equation. Please correct me if I’m wrong. Thanks.