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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-10), Remitly Global's Beta is -0.0317.
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)
Remitly Global Beta Related Terms
Remitly Global Beta Historical Data
* Premium members only.
The historical data trend for Remitly Global'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.
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Beta vs Software Industry
For the Software industry and Technology sector, Remitly Global's Beta distribution charts can be found below:
* The bar in red indicates where Remitly Global's Beta falls into.
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.
Remitly Global (RELY) has a Beta of -0.0317 as of Aug. 10, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Remitly Global and its competitors.
Is Remitly Global's Beta too high?
Remitly Global's current Beta is -0.0317. Overall, Remitly Global has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Beta compare to ZETA and NTSK?
Remitly Global's Beta of -0.0317 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Software company?
A good Beta depends on the Software industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Remitly Global and its competitors. Remitly Global's current Beta is -0.0317. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (RELY) is currently considered Fairly Valued. The stock's GF Value™ is $24.31, compared to a current price of $23.16 — trading 4.7% below its estimated fair value. The current Beta is -0.0317. Remitly Global's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Remitly Global (RELY), the current Beta is -0.0317 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Remitly Global (RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of $23.16 is trading 4.7% below its estimated GF Value™ of $24.31.
GuruFocus considers Remitly Global to be Fairly Valued.
Key valuation signals for RELY:
Beta: -0.0317
GF Value™: $24.31 vs. price of $23.16 (4.7% below fair value)
No single metric tells the full story. See the RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
67GF Score
Get the complete analysis for RELY
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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