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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-09-22), Treace Medical Concepts's Beta is 0.26.
The historical data trend for Treace Medical Concepts'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.
Treace Medical Concepts Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Beta | - | - | - | - | - |
Treace Medical Concepts Quarterly Data | |||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Beta | Get a 7-Day Free Trial | - | - | - | 0.28 | 0.24 |
For the Medical Devices subindustry, Treace Medical Concepts'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 Medical Devices & Instruments industry and Healthcare sector, Treace Medical Concepts's Beta distribution charts can be found below:
* The bar in red indicates where Treace Medical Concepts'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.
Treace Medical Concepts (NAS:TMCI) 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 Treace Medical Concepts's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
F Barry Bays | director | |
Betsy Hanna | director | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE RD #150, PONTE VEDRA BEACH FL 32081 |
Deepti Jain | director | 3701 WAYZATA BLVD, MINNEAPOLIS MN 55416 |
Sean F. Scanlan | officer: See Remarks | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
James T Treace | director | 117 BRISTOL PLACE, PONTE VEDRA BEACH FL 32082 |
Richard W Mott | director | 1221 CROSSMAN AVENUE, SUNNYVALE CA 94089 |
Thomas E Timbie | director | |
Daniel E. Owens | officer: Chief HR Officer | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Scot Michael Elder | officer: *See "Remarks" | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Mark Hair | officer: Chief Financial Officer | C/O RESTORATION ROBOTICS, INC., 128 BAYTECH DRIVE, SAN JOSE CA 95134 |
Aaron Berutti | officer: Sr. VP, Sales | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
John T. Treace | director, 10 percent owner, officer: Chief Executive Officer | C/O TREACE MEDICAL CONCEPTS, INC., 203 FORT WADE ROAD, SUITE 150, PONTE VEDRA FL 32081 |
Lance A Berry | director | 5677 AIRLINE ROAD, ARLINGTON TN 38002 |
Jane E Kiernan | director | 525 W ROSCOE, CHICAGO IL 60657 |
John R Treace | director | 5677 AIRLINE RD, ARLINGTON VA 38002 |
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