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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-25), Chemung Financial's Beta is 0.30.
The historical data trend for Chemung Financial'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.
Chemung Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beta | Get a 7-Day Free Trial | 0.28 | -0.03 | 0.10 | 0.01 | 0.44 |
Chemung Financial 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 | -0.14 | 0.18 | 0.22 | 0.44 | - |
For the Banks - Regional subindustry, Chemung Financial'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.
For the Banks industry and Financial Services sector, Chemung Financial's Beta distribution charts can be found below:
* The bar in red indicates where Chemung Financial's Beta falls into.
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.
Chemung Financial (NAS:CHMG) 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)
Thank you for viewing the detailed overview of Chemung Financial's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Meade Joseph F Iv | director | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Thomas W Wirth | officer: Senior Vice President | ONE CHEMUNG CANAL PLAZA, P.O. BOX 1522, ELMIRA NY 14902-1522 |
Mckim Dale M. Iii | officer: EVP, CFO & Treasurer | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Jeffrey P. Kenefick | officer: Regional President | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Loren D Cole | officer: Executive Vice President | ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901 |
Thomas R. Tyrrell | director | ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901 |
John J Stempin | officer: Controller | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Ronald M Bentley | officer: President & COO | ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901 |
Koen G. Long | officer: Controller | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Denise V Gonick | director | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Tranter G. Thomas Jr. | director | ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901 |
Jeffrey B Streeter | director | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Robert H Dalrymple | director, 10 percent owner | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Kimberly A Hazelton | officer: Executive Vice President | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
Archibold Raimundo C. Jr | director | ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522 |
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