Metro Global Media (Metro Global Media) Beta : 1.83 (As of May. 15, 2024)

Metro Global Media Beta Chart

Metro Global Media Annual Data
	Trend	May92	May93	May94	May95	May96	May97	May98	May99	May00	May01
Beta		Get a 7-Day Free Trial					-	-	0.13	-0.37	0.28

Metro Global Media Quarterly Data
	Feb97	May97	Aug97	Nov97	Feb98	May98	Aug98	Nov98	Feb99	May99	Aug99	Nov99	Feb00	May00	Aug00	Nov00	Feb01	May01	Aug01	Nov01
Beta	Get a 7-Day Free Trial															-0.19	0.12	0.28	0.11	-0.92

Competitive Comparison of Metro Global Media's Beta

For the Entertainment subindustry, Metro Global Media'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.

Metro Global Media's Beta Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Metro Global Media's Beta distribution charts can be found below:

* The bar in red indicates where Metro Global Media's Beta falls into.

Metro Global Media 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.

Metro Global Media  (GREY:MGMA) 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)

Metro Global Media Beta Related Terms

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Metro Global Media (Metro Global Media) Business Description