RENN Universal Growth Investment Trust (LSE:RUG) Beta : N/A (As of Jun. 23, 2024)

RENN Universal Growth Investment Trust Beta Chart

RENN Universal Growth Investment Trust Annual Data
	Trend	Mar05	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14
Beta		Get a 7-Day Free Trial					0.60	0.43	0.30	-0.03	-0.02

RENN Universal Growth Investment Trust Semi-Annual Data
	Mar05	Sep05	Mar06	Sep06	Mar07	Sep07	Mar08	Sep08	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14
Beta	Get a 7-Day Free Trial															-0.04	-0.03	0.04	-0.02	-0.29

Competitive Comparison of RENN Universal Growth Investment Trust's Beta

For the Asset Management subindustry, RENN Universal Growth Investment Trust'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.

RENN Universal Growth Investment Trust's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, RENN Universal Growth Investment Trust's Beta distribution charts can be found below:

* The bar in red indicates where RENN Universal Growth Investment Trust's Beta falls into.

RENN Universal Growth Investment Trust 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.

RENN Universal Growth Investment Trust  (LSE:RUG) 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)

RENN Universal Growth Investment Trust Beta Related Terms

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RENN Universal Growth Investment Trust (LSE:RUG) Business Description