Sharjah Insurance Co PSC (ADX:SICO) Beta : N/A (As of Jun. 24, 2024)

Sharjah Insurance Co PSC Beta Chart

Sharjah Insurance Co PSC Annual Data
	Trend	Dec12	Dec13	Dec15	Dec16	Dec17	Dec18	Dec19	Dec21	Dec22	Dec23
Beta		Get a 7-Day Free Trial					-	-	-	-	-

Sharjah Insurance Co PSC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Dec15	Mar16	Jun16	Dec16	Mar17	Jun17	Dec17	Sep18	Dec18	Sep19	Dec19	Dec22	Dec23
Beta	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sharjah Insurance Co PSC's Beta

For the Insurance - Diversified subindustry, Sharjah Insurance Co PSC'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.

Sharjah Insurance Co PSC's Beta Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sharjah Insurance Co PSC's Beta distribution charts can be found below:

* The bar in red indicates where Sharjah Insurance Co PSC's Beta falls into.

Sharjah Insurance Co PSC 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.

Sharjah Insurance Co PSC  (ADX:SICO) 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)

Sharjah Insurance Co PSC Beta Related Terms

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Sharjah Insurance Co PSC (ADX:SICO) Business Description