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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-05), Mitel Networks's Beta is Not available.
The historical data trend for Mitel Networks'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.
Mitel Networks Annual Data | |||||||||||||||||||||
Trend | Apr08 | Apr09 | Apr10 | Apr11 | Apr12 | Apr13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Beta | Get a 7-Day Free Trial | 2.13 | 2.37 | 3.00 | 2.53 | 2.49 |
Mitel Networks Quarterly Data | ||||||||||||||||||||
Oct13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Beta | Get a 7-Day Free Trial | 2.62 | 2.49 | 2.10 | 2.05 | 1.57 |
For the Communication Equipment subindustry, Mitel Networks'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.
For the Hardware industry and Technology sector, Mitel Networks's Beta distribution charts can be found below:
* The bar in red indicates where Mitel Networks's Beta falls into.
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.
Mitel Networks (NAS:MITL) 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)
Thank you for viewing the detailed overview of Mitel Networks's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Sudhakar Ramakrishna | director | 4750 WILLOW RD., PLEASANTON CA 94588 |
Todd Abbott | officer: EVP Sales and Services | C/O SYNBOL TECHNOLOGIES, INC., ONE SYMBOL PLAZA, HOLTSVILLE NY 11742 |
Martha Helena Bejar | director | C/O POLYCOM, INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002 |
Terence H Matthews | director, officer: Chairman of the Board | 350 LEGGET DRIVE KANATA ONTARIO CANADA A6 K2K 2W7 |
Peter Charbonneau | director | 130 AGINCOURT ROAD OTTAWA A6 K2C 1J3 |
Richard D Mcbee | director, officer: See Remarks | PO BOX 500 (M/S 55-985), 14200 SW KARL BRAUN DRIVE, BEAVERTON OR 97077-0001 |
Elliott Associates, L.p. | 10 percent owner | 360 S. ROSEMARY AVE, 18TH FLOOR, WEST PALM BEACH FL 33401 |
Elliott International, L.p. | 10 percent owner | C/O MAPLES & CALDER, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GEORGE TOWN E9 00000 |
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