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Pioneer Highome Trust Beta

: $-0.22 (As of Today)
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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2020-12-04), Pioneer Highome Trust's Beta is -0.22.

Pioneer Highome Trust Beta Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Highome Trust Annual Data
Mar18 Mar19 Mar20
Beta 0.65 0.47 0.94

Pioneer Highome Trust Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
Beta Premium Member Only 0.65 0.66 0.47 0.48 0.94

Competitive Comparison
* 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.

Pioneer Highome Trust Beta Distribution

* The bar in red indicates where Pioneer Highome Trust's Beta falls into.

Pioneer Highome 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.

Pioneer Highome Trust  (NYSE:PHT) 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)

Pioneer Highome Trust Beta Related Terms

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