Comprehensive Multiple Transport (AMM:ABUS) Beta : N/A (As of Jun. 25, 2024)

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What is Comprehensive Multiple Transport Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-25), Comprehensive Multiple Transport's Beta is Not available.

Comprehensive Multiple Transport Beta Historical Data

The historical data trend for Comprehensive Multiple Transport'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.

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Comprehensive Multiple Transport Beta Chart

Comprehensive Multiple Transport Annual Data

Trend

Beta

Comprehensive Multiple Transport Semi-Annual Data

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Competitive Comparison of Comprehensive Multiple Transport's Beta

For the Railroads subindustry, Comprehensive Multiple Transport'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.

Comprehensive Multiple Transport's Beta Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Comprehensive Multiple Transport's Beta distribution charts can be found below:

* The bar in red indicates where Comprehensive Multiple Transport's Beta falls into.

Comprehensive Multiple Transport 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.

Comprehensive Multiple Transport (AMM:ABUS) 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)

Comprehensive Multiple Transport Beta Related Terms

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Comprehensive Multiple Transport (AMM:ABUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Comprehensive Multiple Transport (AMM:ABUS) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 744, Amman, JOR, 19374

Website

http://www.cmtc.jo

Comprehensive Multiple Transport is engaged in providing public transport services on public transport lines for passengers within Amman Municipality, the capital governorate, and any lines within the kingdom, owning the public transport methods for passengers and establishing and investing in passenger bus-stop on the lines served by the company.