Bank of Montreal (TSX:BMO.PR.T.PFD) Beta : N/A (As of Dec. 12, 2024)

Bank of Montreal Beta Chart

Bank of Montreal Annual Data
	Trend	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23	Oct24
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Bank of Montreal Quarterly Data
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Competitive Comparison of Bank of Montreal's Beta

For the Banks - Diversified subindustry, Bank of Montreal'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.

Bank of Montreal's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Montreal's Beta distribution charts can be found below:

* The bar in red indicates where Bank of Montreal's Beta falls into.

Bank of Montreal 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.

Bank of Montreal  (TSX:BMO.PR.T.PFD) 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)

Bank of Montreal Beta Related Terms

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Bank of Montreal Business Description