Firebrand Financial Group (Firebrand Financial Group) Beta : N/A (As of May. 08, 2024)

Firebrand Financial Group Beta Chart

Firebrand Financial Group Quarterly Data
	Apr96	Jul96	Oct96	Jan97	Apr97	Jul97	Oct97	Jan98	Apr98	Jul98	Oct98	Jan99	Apr99	Jul99	Oct99	Jan00	Apr00	Jul00	Oct00	Jan01
Beta	Get a 7-Day Free Trial															-0.11	0.16	0.45	0.67	0.97

Competitive Comparison of Firebrand Financial Group's Beta

For the Capital Markets subindustry, Firebrand Financial Group'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.

Firebrand Financial Group's Beta Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Firebrand Financial Group's Beta distribution charts can be found below:

* The bar in red indicates where Firebrand Financial Group's Beta falls into.

Firebrand Financial Group 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.

Firebrand Financial Group  (GREY:FFGI) 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)

Firebrand Financial Group Beta Related Terms

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Firebrand Financial Group (Firebrand Financial Group) Business Description