Ophir High Conviction Fund (ASX:OPH) Beta : 1.40 (As of Jun. 17, 2024)

Ophir High Conviction Fund Beta Chart

Competitive Comparison of Ophir High Conviction Fund's Beta

For the Asset Management subindustry, Ophir High Conviction Fund'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.

Ophir High Conviction Fund's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ophir High Conviction Fund's Beta distribution charts can be found below:

* The bar in red indicates where Ophir High Conviction Fund's Beta falls into.

Ophir High Conviction Fund 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.

Ophir High Conviction Fund  (ASX:OPH) 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)

Ophir High Conviction Fund Beta Related Terms

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Ophir High Conviction Fund (ASX:OPH) Business Description