Al-Hamraa Insurance (IQS:NHAM) Beta: N/A (As of Jun. 27, 2026)


What is Al-Hamraa Insurance Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-27), Al-Hamraa Insurance's Beta is Not available.

Al-Hamraa Insurance  (IQS:NHAM) 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)

Al-Hamraa Insurance Beta Related Terms

Al-Hamraa Insurance Beta Historical Data

* Premium members only.

The historical data trend for Al-Hamraa Insurance'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.

Al-Hamraa Insurance Beta Chart

Al-Hamraa Insurance Annual Data
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Al-Hamraa Insurance Quarterly Data
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Al-Hamraa Insurance 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.

Al-Hamraa Insurance Business Description

Address Street 23, Building 27, P.O. Box 10491, Arrest Al-Hindia, District 929, Karrada, Baghdad, IRQ
Al-Hamraa Insurance is engaged in the underwriting of all general insurance classes and life insurance products. Its client base includes organizations and individuals living and working in Iraq. It offers life and annuities insurance, health/medical insurance, car/vehicle insurance, aviation insurance, financial reinsurance, guaranteed asset protection insurance, group insurance, marine insurance/shipping insurance, travel insurance, liability insurance/professional liability insurance, and property and casualty insurance.