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Certive Solutions (XCNQ:CBP) Beta : -1.12 (As of Oct. 31, 2024)


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What is Certive Solutions Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-10-31), Certive Solutions's Beta is -1.12.


Certive Solutions Beta Historical Data

The historical data trend for Certive Solutions'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.

* Premium members only.

Certive Solutions Beta Chart

Certive Solutions Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.07 1.54 1.21 1.62 -0.62

Certive Solutions Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 -0.62 -0.67 -1.13 -0.56

Competitive Comparison of Certive Solutions's Beta

For the Health Information Services subindustry, Certive Solutions'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.


Certive Solutions's Beta Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Certive Solutions's Beta distribution charts can be found below:

* The bar in red indicates where Certive Solutions's Beta falls into.



Certive Solutions 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.


Certive Solutions  (XCNQ:CBP) 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)


Certive Solutions Beta Related Terms

Thank you for viewing the detailed overview of Certive Solutions's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Certive Solutions Business Description

Traded in Other Exchanges
Address
8149 North 87th Place, Scottsdale, AZ, USA, 85258
Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.
Executives
Scott Thomas Director
Timothy John Hyland Director, Senior Officer
Thomas Marreel Director
Jeff Wareham Director

Certive Solutions Headlines

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