GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Goodtech ASA (OSL:GOD) » Definitions » Beta

Goodtech ASA (OSL:GOD) Beta : 0.24 (As of Mar. 24, 2025)


View and export this data going back to 1984. Start your Free Trial

What is Goodtech ASA Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-24), Goodtech ASA's Beta is 0.24.


Goodtech ASA Beta Historical Data

The historical data trend for Goodtech ASA'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.

Goodtech ASA Beta Chart

Goodtech ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 0.91 0.75 0.22 0.04

Goodtech ASA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.22 -0.21 0.45 0.41 0.04

Competitive Comparison of Goodtech ASA's Beta

For the Engineering & Construction subindustry, Goodtech ASA'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.


Goodtech ASA's Beta Distribution in the Construction Industry

For the Construction industry and Industrials sector, Goodtech ASA's Beta distribution charts can be found below:

* The bar in red indicates where Goodtech ASA's Beta falls into.



Goodtech ASA 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.


Goodtech ASA  (OSL:GOD) 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)


Goodtech ASA Beta Related Terms

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


Goodtech ASA Business Description

Traded in Other Exchanges
Address
Innspurten 15, Oslo, NOR, 0663
Goodtech ASA provides technical solutions in the field of electric, power technology and infrastructure. It also supplies automation products and streamlining solutions worldwide.

Goodtech ASA Headlines

No Headlines