Cryptocurrency Q&A
Where can I find the beta of a stock?
Where can I find the beta of a stock?
SsangyongSpirit
Sat Aug 17 2024
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5 answers
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Hello there, I'm curious about something. I've been doing some research on stocks and I've come across the term "beta" quite frequently. It seems to be an important measure of a stock's volatility relative to the overall market. But I'm having trouble finding the beta of a particular stock I'm interested in. Can you tell me where I can find this information? I've tried looking on the company's website, but I can't seem to find it there. Is there a specific financial website or database that I should be using? Any help would be greatly appreciated.
5 answers
Alessandro
Mon Aug 19 2024
For instance, if a stock returned 8% in the past year while the index returned 5%, a basic estimation of its beta can be made by dividing the former by the latter.
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KatanaSharpened
Mon Aug 19 2024
Calculating the beta value of a stock involves a comprehensive analysis of its performance relative to a broader market index.
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IncheonBlues
Mon Aug 19 2024
A spreadsheet program serves as a powerful tool in this process, enabling the user to accurately calculate the covariance between the stock's returns and those of the index.
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Lorenzo
Mon Aug 19 2024
Once the covariance is obtained, it is then divided by the variance of the index, providing a quantitative measure of the stock's volatility in relation to the market.
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Lorenzo
Sun Aug 18 2024
This calculation results in a beta value of 1.6, indicating that the stock is 1.6 times more volatile than the market index.
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