Generations Bancorp NY (Generations Bancorp NY) Beta : 0.21 (As of Jun. 07, 2024)

Generations Bancorp NY Beta Chart

Generations Bancorp NY Annual Data
	Trend	Dec04	Dec05	Dec06	Dec07	Dec08	Dec19	Dec20	Dec21	Dec22	Dec23
Beta		Get a 7-Day Free Trial					0.31	0.56	0.46	0.38	0.28

Generations Bancorp NY Quarterly Data
	Jun09	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															0.12	0.17	0.44	0.28	0.23

Competitive Comparison of Generations Bancorp NY's Beta

For the Banks - Regional subindustry, Generations Bancorp NY'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.

Generations Bancorp NY's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Generations Bancorp NY's Beta distribution charts can be found below:

* The bar in red indicates where Generations Bancorp NY's Beta falls into.

Generations Bancorp NY 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.

Generations Bancorp NY  (NAS:GBNY) 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)

Generations Bancorp NY Beta Related Terms

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Generations Bancorp NY (Generations Bancorp NY) Business Description