Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-12), Hortonworks's Beta is Not available.
Hortonworks Beta Historical Data
The historical data trend for Hortonworks'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.
For the Software - Infrastructure subindustry, Hortonworks'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.
Hortonworks's Beta Distribution in the Software Industry
For the Software industry and Technology sector, Hortonworks's Beta distribution charts can be found below:
* The bar in red indicates where Hortonworks's Beta falls into.
Hortonworks 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.
Hortonworks (NAS:HDP) 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)
Hortonworks Beta Related Terms
Thank you for viewing the detailed overview of Hortonworks's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Hortonworks Inc is a provider of data management software solutions that allows corporations to harness the power of big data. The firm's Data at Rest solution is an enterprise-scale platform built for interactive, real-time workloads to be executed simultaneously on a single data set. The Data in Motion solution provides customers the ability to ingest any type of data from multiple data sources. These solutions can centrally manage new and existing data types, run multiple applications simultaneously, and provide security, data governance, stability and scalability. The company derives revenue from subscriptions to software offerings and professional fees. A large majority of the firm's revenue is generated in the United States.
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