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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-26), Invesco California Value Municipalome Trust's Beta is 0.7961.
Invesco California Value Municipalome Trust (NYSE:VCV) 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)
Invesco California Value Municipalome Trust Beta Related Terms
Invesco California Value Municipalome Trust Beta Historical Data
* 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.
Invesco California Value Municipalome Trust Beta Chart
Invesco California Value Municipalome Trust Annual Data
* 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.
Invesco California Value Municipalome Trust Beta vs Asset Management Industry
Invesco California Value Municipalome Trust 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.
Invesco California Value Municipalome Trust (VCV) has a Beta of 0.7961 as of Jul. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Invesco California Value Municipalome Trust and its competitors.
Is Invesco California Value Municipalome Trust's Beta too high?
Invesco California Value Municipalome Trust's current Beta is 0.7961. Overall, Invesco California Value Municipalome Trust has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Invesco California Value Municipalome Trust's Beta compare to MSIF and THW?
Invesco California Value Municipalome Trust's Beta of 0.7961 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for an Asset Management company?
A good Beta depends on the Asset Management industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for Invesco California Value Municipalome Trust and its competitors. Invesco California Value Municipalome Trust's current Beta is 0.7961. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco California Value Municipalome Trust stock overvalued right now?
Invesco California Value Municipalome Trust (VCV) has a current Beta of 0.7961. The current Beta is 0.7961. Invesco California Value Municipalome Trust's overall GF Score™ is 32/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For Invesco California Value Municipalome Trust (VCV), the current Beta is 0.7961 as of Jul. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Invesco California Value Municipalome Trust Business Description
Invesco California Value Municipal Income Trust is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income, exempt from federal and California income taxes, consistent with the preservation of capital.
32GF Score
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