Comelf (BSE:CMF) Beta : 0.67 (As of Dec. 11, 2024)

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What is Comelf Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-11), Comelf's Beta is 0.67.

Comelf Beta Historical Data

The historical data trend for Comelf'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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Comelf Beta Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beta

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0.29

0.49

0.14

0.56

0.62

Comelf 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															0.57	0.62	0.70	0.80	0.71

Competitive Comparison of Comelf's Beta

For the Specialty Industrial Machinery subindustry, Comelf'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.

Comelf's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Comelf's Beta distribution charts can be found below:

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

Comelf 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.

Comelf (BSE:CMF) 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)

Comelf Beta Related Terms

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Comelf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (BSE:CMF) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting, and transportation equipment, including their sub-assemblies, steel structures, weapons ammunition, road transport vehicles, and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tanks, Equipment for wastewater treatment, and others. Its segments consist of a Factory of stainless steel products(FPI), a Factory for Earth Moving Machinery and Equipment, Bag Filters, and Electrostatic Precipitators(FUET), and a Factory for Earth Moving Machines and Components(TERRA).