Covista Communications (Covista Communications) Beta : -4.57 (As of May. 23, 2024)

Covista Communications Beta Chart

Covista Communications Annual Data
	Trend	Jan96	Jan97	Jan98	Jan99	Jan00	Jan01	Jan02	Jan03	Jan04	Jan05
Beta		Get a 7-Day Free Trial					1.19	-0.53	0.65	-	1.74

Covista Communications Quarterly Data
	Jul00	Oct00	Jan01	Apr01	Jul01	Oct01	Jan02	Apr02	Jul02	Oct02	Jan03	Apr03	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05
Beta	Get a 7-Day Free Trial															1.60	1.55	1.62	1.74	1.56

Competitive Comparison of Covista Communications's Beta

For the Telecom Services subindustry, Covista Communications'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.

Covista Communications's Beta Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Covista Communications's Beta distribution charts can be found below:

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

Covista Communications 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.

Covista Communications  (OTCPK:CVST) 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)

Covista Communications Beta Related Terms

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Covista Communications (Covista Communications) Business Description