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Coala-Life Group AB (OSTO:COALA) Beta : 0.58 (As of Jun. 22, 2024)


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What is Coala-Life Group AB Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-06-22), Coala-Life Group AB's Beta is 0.58.


Coala-Life Group AB Beta Historical Data

The historical data trend for Coala-Life Group AB'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.

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Coala-Life Group AB Beta Chart

Coala-Life Group AB Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Dec21
Beta
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Coala-Life Group AB Quarterly Data
Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Coala-Life Group AB's Beta

For the Medical Devices subindustry, Coala-Life Group AB'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.


Coala-Life Group AB's Beta Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Coala-Life Group AB's Beta distribution charts can be found below:

* The bar in red indicates where Coala-Life Group AB's Beta falls into.



Coala-Life Group AB 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.


Coala-Life Group AB  (OSTO:COALA) 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)


Coala-Life Group AB Beta Related Terms

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Coala-Life Group AB (OSTO:COALA) Business Description

Traded in Other Exchanges
N/A
Address
Kalsangsgrand 10B, Uppsala, SWE, 753 19
Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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