Glen Rose Petroleum (Glen Rose Petroleum) Beta : -34.54 (As of Jun. 09, 2024)

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What is Glen Rose Petroleum Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-09), Glen Rose Petroleum's Beta is -34.54.

Glen Rose Petroleum Beta Historical Data

The historical data trend for Glen Rose Petroleum'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.

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Glen Rose Petroleum Beta Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Beta

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0.37

1.29

-0.47

0.04

0.13

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Beta	Get a 7-Day Free Trial															0.04	0.13	0.45	0.54	0.13

Competitive Comparison of Glen Rose Petroleum's Beta

For the Oil & Gas E&P subindustry, Glen Rose Petroleum'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.

Glen Rose Petroleum's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Glen Rose Petroleum's Beta distribution charts can be found below:

* The bar in red indicates where Glen Rose Petroleum's Beta falls into.

Glen Rose Petroleum 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.

Glen Rose Petroleum (GREY:GLRP) 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)

Glen Rose Petroleum Beta Related Terms

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