Goobit Group AB (FRA:9AI) Beta: -1.4841 (As of Jun. 24, 2026)


What is Goobit Group AB Beta?

Goobit Group AB FRA:9AI +17.65% Beta is -1.4841 as of Jun. 24, 2026. The stock has 3 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), Goobit Group AB's Beta is -1.4841.

Goobit Group AB  (FRA:9AI) 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)

Goobit Group AB Beta Related Terms

Goobit Group AB Beta Historical Data

* Premium members only.

The historical data trend for Goobit Group AB'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.

Goobit Group AB Beta Chart

Goobit Group AB Annual Data
Trend Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Beta
Get a 7-Day Free Trial 0.00 0.00 2.53 2.60 -0.27

Goobit Group AB Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.60 1.80 -0.35 -0.56 -0.27

FRA:9AI vs SPGI, CME, ICE: Beta Comparison

For the Financial Data & Stock Exchanges subindustry, Goobit Group AB'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.

Goobit Group AB Beta vs Capital Markets Industry

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

* The bar in red indicates where Goobit Group AB's Beta falls into.


Goobit Group AB 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 -1.4841 mean?
Goobit Group AB (FRA:9AI) has a Beta of -1.4841 as of Jun. 24, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Goobit Group AB and its competitors.
Is Goobit Group AB's Beta too high?
Goobit Group AB's current Beta is -1.4841.
How does Goobit Group AB's Beta compare to SPGI and CME?
Goobit Group AB's Beta of -1.4841 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Beta depends on the Capital Markets 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 Goobit Group AB and its competitors. Goobit Group AB's current Beta is -1.4841. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goobit Group AB stock overvalued right now?
Goobit Group AB (FRA:9AI) has a current Beta of -1.4841. The current Beta is -1.4841. 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 Goobit Group AB (FRA:9AI), the current Beta is -1.4841 as of Jun. 24, 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.

Goobit Group AB Business Description

Other Exchanges BTCX:Sweden
Address Stora Nygatan 28, Stockholm, SWE, 111 27
Goobit Group AB is a Swedish cryptocurrency and blockchain company. The company operates BTCX, a Bitcoin exchange platform, offering exchange services in Swedish kronor and euros. It operates under the brands BTCX Express Exchange, BTCX Standard Exchange and BTCX OTC Service. The company also provides AML Desk, a compliance service focused on anti-money laundering and crypto-asset risk assessment.