GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (LTS:0NIF) » Definitions » Beta

SMA Solar Technology AG (LTS:0NIF) Beta : 1.18 (As of May. 26, 2024)


View and export this data going back to 2008. Start your Free Trial

What is SMA Solar Technology AG Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-26), SMA Solar Technology AG's Beta is 1.18.


SMA Solar Technology AG Beta Historical Data

The historical data trend for SMA Solar Technology AG'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.

* Premium members only.

SMA Solar Technology AG Beta Chart

SMA Solar Technology AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.35 - - 0.96

SMA Solar Technology AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 1.40 0.96 -

Competitive Comparison of SMA Solar Technology AG's Beta

For the Solar subindustry, SMA Solar Technology AG'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.


SMA Solar Technology AG's Beta Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SMA Solar Technology AG's Beta distribution charts can be found below:

* The bar in red indicates where SMA Solar Technology AG's Beta falls into.



SMA Solar Technology AG 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.


SMA Solar Technology AG  (LTS:0NIF) 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)


SMA Solar Technology AG Beta Related Terms

Thank you for viewing the detailed overview of SMA Solar Technology AG's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


SMA Solar Technology AG (LTS:0NIF) Business Description

Address
Sonnenallee 1, Niestetal, DEU, 34266
SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

SMA Solar Technology AG (LTS:0NIF) Headlines

No Headlines