Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-05), Ameriana Bancorp's Beta is Not available.
Ameriana Bancorp Beta Historical Data
The historical data trend for Ameriana Bancorp's Beta can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Ameriana Bancorp's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ameriana Bancorp's Beta Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Ameriana Bancorp's Beta distribution charts can be found below:
* The bar in red indicates where Ameriana Bancorp's Beta falls into.
Ameriana Bancorp Beta Calculation
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Ameriana Bancorp (NAS:ASBI) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Ameriana Bancorp Beta Related Terms
Thank you for viewing the detailed overview of Ameriana Bancorp's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Ameriana Bancorp (Ameriana Bancorp) Business Description
Ameriana Bancorp is incorporated in Indiana in 1990. The bank is a holding company for Ameriana Bank, SB and an Indiana chartered savings bank. Its main business consists of attracting deposits from the general public and investing those funds mainly in mortgage loans on single-family residences, multi-family, construction loans, commercial real estate loans, and, to a lesser extent, commercial and industrial loans, small business lending, home improvement, and consumer loans. The Bank offers regular savings accounts, interest-bearing (NOW) and noninterest-bearing checking accounts, money market accounts, fixed interest rate certificates with varying maturities and negotiated rate jumbo certificates with various maturities. It also offers tax-deferred individual retirement, Keogh retirement and simplified employer plan retirement accounts. It invests in various federal and government agency obligations and other investment securities permitted by applicable laws and regulations, including mortgage-backed, municipal and equity securities. The Bank offers customers in its market area time deposits with terms from three months to seven years, interest-bearing and non-interest-bearing checking accounts, savings accounts and money market accounts. Its main source of borrowings is Federal Home Loan Bank advances. Through its subsidiaries, the Bank engages in insurance and investment and brokerage activities. The geographic markets it serves are competitive for deposits, loans and other financial services, including retail brokerage services and insurance. The Company's direct competitors include traditional banking and savings institutions, as well as other non-bank providers of financial services, such as insurance companies, brokerage firms, mortgage companies and credit unions located in the Bank's market area. The Company is subject to regulation and supervision by the Federal Reserve Bank.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASBI has been successfully added to your 