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First Asset CanBanc Split (TSX:CBU.PR.A.PFD) Beta : N/A (As of Jun. 21, 2025)


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What is First Asset CanBanc Split Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-06-21), First Asset CanBanc Split's Beta is Not available.


First Asset CanBanc Split Beta Historical Data

The historical data trend for First Asset CanBanc Split'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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First Asset CanBanc Split Beta Chart

First Asset CanBanc Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Beta
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First Asset CanBanc Split Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
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Competitive Comparison of First Asset CanBanc Split's Beta

For the Asset Management subindustry, First Asset CanBanc Split'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.


First Asset CanBanc Split's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Asset CanBanc Split's Beta distribution charts can be found below:

* The bar in red indicates where First Asset CanBanc Split's Beta falls into.


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First Asset CanBanc Split 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.


First Asset CanBanc Split  (TSX:CBU.PR.A.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)


First Asset CanBanc Split Beta Related Terms

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First Asset CanBanc Split Business Description

Traded in Other Exchanges
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Address
First Asset CanBanc Split Corp was incorporated under the laws of the Province of Ontario on September 5, 2008, is a mutual fund corporation whose investment portfolio consists of common shares of the six largest Canadian banks. The Fund's objectives in managing its capital with respect to the preferred shares are to provide preferred shareholders with fixed cumulative preferential quarterly cash distributions in the amount of $0.1625 per preferred share and to return the original issue price to preferred shareholders at the time of redemption of such shares on or about January 15, 2016. The Fund's objectives in managing its capital with respect to the Class A shares are to provide Class A shareholders with the opportunity to participate in the performance of the Fund's portfolio on a leveraged basis and to benefit from any increase in the dividends from the securities in the Fund's portfolio.

First Asset CanBanc Split Headlines

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