Nevada Gold & Casinos (Nevada Gold & Casinos) Beta : N/A (As of May. 05, 2024)

Nevada Gold & Casinos Beta Chart

Nevada Gold & Casinos Annual Data
	Trend	Apr09	Apr10	Apr11	Apr12	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18
Beta		Get a 7-Day Free Trial					1.27	0.65	0.41	0.38	1.07

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Beta	Get a 7-Day Free Trial															0.64	1.07	1.13	0.90	0.85

Competitive Comparison of Nevada Gold & Casinos's Beta

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's Beta Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nevada Gold & Casinos's Beta distribution charts can be found below:

* The bar in red indicates where Nevada Gold & Casinos's Beta falls into.

Nevada Gold & Casinos 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.

Nevada Gold & Casinos  (AMEX:UWN) 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)

Nevada Gold & Casinos Beta Related Terms

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Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description