Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-01), Flexible Solutions International's Beta is 1.47.
Flexible Solutions International Beta Historical Data
* 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.
Competitive Comparison of Flexible Solutions International's Beta
For the Specialty Chemicals subindustry, Flexible Solutions International'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.
Flexible Solutions International's Beta Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Beta distribution charts can be found below:
* The bar in red indicates where Flexible Solutions International's Beta falls into.
Flexible Solutions International 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.
Flexible Solutions International (AMEX:FSI) 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)
Flexible Solutions International Beta Related Terms
Thank you for viewing the detailed overview of Flexible Solutions International's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexible Solutions International (Flexible Solutions International) Business Description
Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It primarily offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FSI has been successfully added to your 