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Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS (IST:FORTE) Beta : N/A (As of Dec. 13, 2024)


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What is Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-13), Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta is Not available.


Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Beta Historical Data

The historical data trend for Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS'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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Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Beta Chart

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Beta
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Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta

For the Software - Application subindustry, Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS'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.


Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta Distribution in the Software Industry

For the Software industry and Technology sector, Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta distribution charts can be found below:

* The bar in red indicates where Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta falls into.



Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS 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.


Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS  (IST:FORTE) 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)


Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Beta Related Terms

Thank you for viewing the detailed overview of Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Mustafa Kemal Neighbourhood 2123. Street, Cepa Site Shopping Center No:2/501 Cankaya, Ankara, TUR
Forte Bilgi Iletisim Teknolojileri Ve Savunma Sanayi AS operates in the fields of system integration and software development. It offers system infrastructure, system integration, software development, consultancy, and Technical Documentation Authoring, Material Coding, and Technical Services.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Headlines

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