GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cochin Shipyard Ltd (BOM:540678) » Definitions » Beta

Cochin Shipyard (BOM:540678) Beta : 1.43 (As of Dec. 15, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Cochin Shipyard Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Cochin Shipyard's Beta is 1.43.


Cochin Shipyard Beta Historical Data

The historical data trend for Cochin Shipyard'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.

Cochin Shipyard Beta Chart

Cochin Shipyard 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 - 0.91 0.85 0.75 0.94

Cochin Shipyard Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.61 1.08 0.94 0.83 1.28

Competitive Comparison of Cochin Shipyard's Beta

For the Aerospace & Defense subindustry, Cochin Shipyard'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.


Cochin Shipyard's Beta Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cochin Shipyard's Beta distribution charts can be found below:

* The bar in red indicates where Cochin Shipyard's Beta falls into.



Cochin Shipyard 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.


Cochin Shipyard  (BOM:540678) 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)


Cochin Shipyard Beta Related Terms

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


Cochin Shipyard Business Description

Traded in Other Exchanges
Address
Administrative Building, Cochin Shipyard Premises, Perumanoor, Ernakulam, Kochi, KL, IND, 682 015
Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels.

Cochin Shipyard Headlines

No Headlines