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Helios Fairfax Partners (TSX:HFPC.U) Beta : 0.88 (As of Dec. 14, 2024)


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What is Helios Fairfax Partners Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Helios Fairfax Partners's Beta is 0.88.


Helios Fairfax Partners Beta Historical Data

The historical data trend for Helios Fairfax Partners'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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Helios Fairfax Partners Beta Chart

Helios Fairfax Partners Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial - 1.43 1.52 1.54 1.01

Helios Fairfax Partners Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.01 1.00 1.09 1.03

Competitive Comparison of Helios Fairfax Partners's Beta

For the Asset Management subindustry, Helios Fairfax Partners'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.


Helios Fairfax Partners's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Helios Fairfax Partners's Beta distribution charts can be found below:

* The bar in red indicates where Helios Fairfax Partners's Beta falls into.



Helios Fairfax Partners 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.


Helios Fairfax Partners  (TSX:HFPC.U) 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)


Helios Fairfax Partners Beta Related Terms

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Helios Fairfax Partners Business Description

Traded in Other Exchanges
Address
200 Bay Street, Suite 1301, Royal Bank Plaza, South Tower, Toronto, ON, CAN, M5J 2J2
Helios Fairfax Partners Corp is an investment holding company whose investment objective is to achieve long-term capital appreciation while preserving capital, by investing in public and private equity securities and debt instruments in Africa and African businesses. The company is also engaged in property and casualty insurance and reinsurance business.

Helios Fairfax Partners Headlines

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