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Gulf Union Alahlia Cooperative Insurance Co (SAU:8120) Beta : N/A (As of Dec. 15, 2024)


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What is Gulf Union Alahlia Cooperative Insurance Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-15), Gulf Union Alahlia Cooperative Insurance Co's Beta is Not available.


Gulf Union Alahlia Cooperative Insurance Co Beta Historical Data

The historical data trend for Gulf Union Alahlia Cooperative Insurance Co'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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Gulf Union Alahlia Cooperative Insurance Co Beta Chart

Gulf Union Alahlia Cooperative Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
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Gulf Union Alahlia Cooperative Insurance Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Gulf Union Alahlia Cooperative Insurance Co's Beta

For the Insurance - Diversified subindustry, Gulf Union Alahlia Cooperative Insurance Co'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.


Gulf Union Alahlia Cooperative Insurance Co's Beta Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gulf Union Alahlia Cooperative Insurance Co's Beta distribution charts can be found below:

* The bar in red indicates where Gulf Union Alahlia Cooperative Insurance Co's Beta falls into.



Gulf Union Alahlia Cooperative Insurance Co 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.


Gulf Union Alahlia Cooperative Insurance Co  (SAU:8120) 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)


Gulf Union Alahlia Cooperative Insurance Co Beta Related Terms

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Gulf Union Alahlia Cooperative Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
Salman Al Farisi Street, P.O. BOX 5719, Dammam, SAU, 31432
Gulf Union Alahlia Cooperative Insurance Co provides various insurance products and services in Saudi Arabia. Its products include medical, motor, liability, engineering, property, general accident, marine, and protection insurance.

Gulf Union Alahlia Cooperative Insurance Co Headlines

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