First Niles Financial (First Niles Financial) Beta : 0.43 (As of May. 20, 2024)

First Niles Financial Beta Chart

First Niles Financial Annual Data
	Trend	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec13	Dec14	Dec15
Beta		Get a 7-Day Free Trial					0.06	-0.21	-0.09	-0.17	-0.31

First Niles Financial Semi-Annual Data
	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec13	Dec14	Dec15	Jun17	Jun18
Beta	Get a 7-Day Free Trial															-0.09	-0.17	-0.31	-0.45	-0.42

Competitive Comparison of First Niles Financial's Beta

For the Banks - Regional subindustry, First Niles Financial'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.

First Niles Financial's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Niles Financial's Beta distribution charts can be found below:

* The bar in red indicates where First Niles Financial's Beta falls into.

First Niles Financial 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.

First Niles Financial  (OTCPK:FNFI) 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)

First Niles Financial Beta Related Terms

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First Niles Financial (First Niles Financial) Business Description