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Western Assetorate Loan Fund Beta

: $-0.27 (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 (2020-12-02), Western Assetorate Loan Fund's Beta is -0.27.


Western Assetorate Loan Fund 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.

Western Assetorate Loan Fund Annual Data
Sep17 Sep18 Sep19
Beta 0.55 0.41 0.31

Western Assetorate Loan Fund Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20
Beta Premium Member Only 0.49 0.41 0.36 0.31 0.71

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.


Western Assetorate Loan Fund Beta Distribution

* The bar in red indicates where Western Assetorate Loan Fund's Beta falls into.



Western Assetorate Loan Fund 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.


Western Assetorate Loan Fund  (NYSE:TLI) 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)


Western Assetorate Loan Fund Beta Related Terms


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