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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-25), Skillz's Beta is 3.21.
The historical data trend for Skillz'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.
Skillz Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
Beta | - | - | - | - | - |
Skillz Quarterly Data | |||||||||||||||||
Dec18 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Beta | Get a 7-Day Free Trial | - | - | - | - | - |
For the Electronic Gaming & Multimedia subindustry, Skillz'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.
For the Interactive Media industry and Communication Services sector, Skillz's Beta distribution charts can be found below:
* The bar in red indicates where Skillz'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.
Skillz (NYSE:SKLZ) 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)
Thank you for viewing the detailed overview of Skillz's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Roswig | officer: President & CFO | PO BOX 445, SAN FRANCISCO CA 94104 |
Andrew Paradise | director, officer: Chief Executive Officer | SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445 |
Andrew Dahlinghaus | officer: General Counsel | P.O. BOX 445, SAN FRANCISCO CA 94104 |
Kevin Chessen | director | 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103 |
Elly Ryu | officer: Controller/Head of Accounting | 245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142 |
Alvin Lobo | officer: Chief Financial Officer | P.O. BOX 445, SAN FRANCISCO CA 94104 |
Alexander Mandel | director | 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103 |
Stanley Mbugua | officer: Chief Accounting Officer | SKILLZ INC, PO BOX 455, SAN FRAN CA 94104 |
Seth Schorr | director | PO BOX 445, SAN FRANCISCO CA 94104 |
Henry M. Hoffman | director | PO BOX 445, SAN FRANCISCO CA 94104 |
Shari Glazer | director | PO BOX 445, SAN FRANCISCO CA 94104 |
Harry Sloan | director, 10 percent owner, officer: CEO, Chairman | 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401 |
Jerome Leon Bruckheimer | director | PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436 |
Christopher S Gaffney | director | C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116 |
Casey Chafkin | director, officer: Chief Revenue Officer | SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445 |
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