/term/beta/BOM:539110 Northlink Fiscal and Capital Services (BOM:539110) Beta
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Northlink Fiscal and Capital Services (BOM:539110) Beta : 0.04 (As of Jun. 20, 2024)


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What is Northlink Fiscal and Capital Services Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-20), Northlink Fiscal and Capital Services's Beta is 0.04.


Northlink Fiscal and Capital Services Beta Historical Data

The historical data trend for Northlink Fiscal and Capital Services'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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Northlink Fiscal and Capital Services Beta Chart

Northlink Fiscal and Capital Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 -0.09 -0.12 0.06 0.57

Northlink Fiscal and Capital Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.06 0.04 0.06 0.60 0.57

Competitive Comparison of Northlink Fiscal and Capital Services's Beta

For the Building Materials subindustry, Northlink Fiscal and Capital Services'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.


Northlink Fiscal and Capital Services's Beta Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Northlink Fiscal and Capital Services's Beta distribution charts can be found below:

* The bar in red indicates where Northlink Fiscal and Capital Services's Beta falls into.



Northlink Fiscal and Capital Services 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.


Northlink Fiscal and Capital Services  (BOM:539110) 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)


Northlink Fiscal and Capital Services Beta Related Terms

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Northlink Fiscal and Capital Services (BOM:539110) Business Description

Traded in Other Exchanges
N/A
Address
86, Mall Road, Civil Lines, Ludhiana, PB, IND, 141001
Northlink Fiscal and Capital Services Ltd is a Non-Banking Financial Company and is engaged in lending loans. The company operates in a single segment engaged in the business of financing.

Northlink Fiscal and Capital Services (BOM:539110) Headlines

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