Petro River Oil (Petro River Oil) Beta : 81.93 (As of May. 06, 2024)

Petro River Oil Beta Chart

Petro River Oil Annual Data
	Trend	Apr10	Apr11	Apr12	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19
Beta		Get a 7-Day Free Trial					4.39	-0.46	1.48	1.50	3.02

Petro River Oil Quarterly Data
	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19
Beta	Get a 7-Day Free Trial															0.83	2.99	3.02	2.98	2.97

Competitive Comparison of Petro River Oil's Beta

For the Oil & Gas E&P subindustry, Petro River Oil'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.

Petro River Oil's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petro River Oil's Beta distribution charts can be found below:

* The bar in red indicates where Petro River Oil's Beta falls into.

Petro River Oil 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.

Petro River Oil  (OTCPK:PTRC) 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)

Petro River Oil Beta Related Terms

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Petro River Oil (Petro River Oil) Business Description