Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-26), Pine Technology Acquisition's Beta is Not available.
* 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.
Competitive Comparison of Pine Technology Acquisition's Beta
For the Shell Companies subindustry, Pine Technology Acquisition'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.
Pine Technology Acquisition's Beta Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Pine Technology Acquisition's Beta distribution charts can be found below:
* The bar in red indicates where Pine Technology Acquisition's Beta falls into.
Pine Technology Acquisition 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.
Pine Technology Acquisition (NAS:PTOCU) 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)
Pine Technology Acquisition Beta Related Terms
Thank you for viewing the detailed overview of Pine Technology Acquisition's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Pine Technology Acquisition (Pine Technology Acquisition) Business Description
Pine Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
PTOCU has been successfully added to your