HELLA GmbH KGaA (HELLA GmbH KGaA) Beta : 0.10 (As of May. 14, 2024)

HELLA GmbH KGaA Beta Chart

HELLA GmbH KGaA Annual Data
	Trend	May12	May13	May14	May15	May16	May17	May18	May19	May20	May21
Beta		Get a 7-Day Free Trial					-	-	-	1.65	1.55

HELLA GmbH KGaA Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23
Beta	Get a 7-Day Free Trial															1.12	0.98	0.58	0.31	0.34

Competitive Comparison of HELLA GmbH KGaA's Beta

For the Auto Parts subindustry, HELLA GmbH KGaA'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.

HELLA GmbH KGaA's Beta Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, HELLA GmbH KGaA's Beta distribution charts can be found below:

* The bar in red indicates where HELLA GmbH KGaA's Beta falls into.

HELLA GmbH KGaA 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.

HELLA GmbH KGaA  (OTCPK:HLKHF) 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)

HELLA GmbH KGaA Beta Related Terms

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HELLA GmbH KGaA (HELLA GmbH KGaA) Business Description