Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) Beta: -0.3948 (As of Jul. 13, 2026)

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BSP:HRDF11 Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
23 GF Score
Price R$4.38
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What is Hedge Realty Development Fundo Investimento Imobiliario FII Beta?

Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11 23 Beta is -0.3948 as of Jul. 13, 2026. GuruFocus rates BSP:HRDF11 with a GF Score™ of 23/100.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-13), Hedge Realty Development Fundo Investimento Imobiliario FII's Beta is -0.3948.

Hedge Realty Development Fundo Investimento Imobiliario FII  (BSP:HRDF11) 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)

Hedge Realty Development Fundo Investimento Imobiliario FII Beta Related Terms

Hedge Realty Development Fundo Investimento Imobiliario FII Beta Historical Data

* Premium members only.

The historical data trend for Hedge Realty Development Fundo Investimento Imobiliario FII'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.

Hedge Realty Development Fundo Investimento Imobiliario FII Beta Chart

Hedge Realty Development Fundo Investimento Imobiliario FII Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beta
Get a 7-Day Free Trial 0.00 0.29 -0.20 0.17 0.16

Hedge Realty Development Fundo Investimento Imobiliario FII Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beta Get a 7-Day Free Trial 0.00 0.29 -0.20 0.17 0.16

BSP:HRDF11 vs VICI, WPC: Beta Comparison

For the REIT - Diversified subindustry, Hedge Realty Development Fundo Investimento Imobiliario FII'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.

Hedge Realty Development Fundo Investimento Imobiliario FII Beta vs REITs Industry

For the REITs industry and Real Estate sector, Hedge Realty Development Fundo Investimento Imobiliario FII's Beta distribution charts can be found below:

* The bar in red indicates where Hedge Realty Development Fundo Investimento Imobiliario FII's Beta falls into.


BSP:HRDF11
23GF Score
Hedge Realty Development Fundo Investimento Imobiliario FII BSP:HRDF11
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Hedge Realty Development Fundo Investimento Imobiliario FII 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.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -0.3948 mean?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a Beta of -0.3948 as of Jul. 13, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors.
Is Hedge Realty Development Fundo Investimento Imobiliario FII's Beta too high?
Hedge Realty Development Fundo Investimento Imobiliario FII's current Beta is -0.3948. Overall, Hedge Realty Development Fundo Investimento Imobiliario FII has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Hedge Realty Development Fundo Investimento Imobiliario FII's Beta compare to VICI and WPC?
Hedge Realty Development Fundo Investimento Imobiliario FII's Beta of -0.3948 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a REITs company?
A good Beta depends on the REITs industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Hedge Realty Development Fundo Investimento Imobiliario FII and its competitors. Hedge Realty Development Fundo Investimento Imobiliario FII's current Beta is -0.3948. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedge Realty Development Fundo Investimento Imobiliario FII stock overvalued right now?
Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11) has a current Beta of -0.3948. The current Beta is -0.3948. Hedge Realty Development Fundo Investimento Imobiliario FII's overall GF Score™ is 23/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Hedge Realty Development Fundo Investimento Imobiliario FII (BSP:HRDF11), the current Beta is -0.3948 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hedge Realty Development Fundo Investimento Imobiliario FII Business Description

Industry Real EstateREITs
Address Avenue Horacio Lafer, 160, 9th Floor, Itaim Bibi, Sao Paulo, BRA
Hedge Realty Development Fundo Investimento Imobiliario FII is a closed-end fund. The Fund's objective is to provide its shareholders with long-term appreciation and profitability of their shares, predominantly through investment.
23GF Score

Get the complete analysis for BSP:HRDF11

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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