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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-29), Select Water Solutions's Beta is 0.77.
The historical data trend for Select Water Solutions'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.
Select Water Solutions Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Beta | Get a 7-Day Free Trial | - | 2.98 | 2.72 | 1.85 | 0.64 |
Select Water Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Beta | Get a 7-Day Free Trial | 1.85 | 1.47 | 1.08 | 1.08 | 0.64 |
For the Specialty Chemicals subindustry, Select Water Solutions'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.
For the Chemicals industry and Basic Materials sector, Select Water Solutions's Beta distribution charts can be found below:
* The bar in red indicates where Select Water Solutions's Beta falls into.
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.
Select Water Solutions (NYSE:WTTR) 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)
Thank you for viewing the detailed overview of Select Water Solutions's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Szymanski | officer: Chief Accounting Officer & VP | 1820 I-35 FRONTAGE ROAD, GAINESVILLE TX 76240 |
Michael Skarke | officer: Exec. VP, Water Solutions | 1820 NORTH I-35, P.O. BOX 1715, GAINESVILLE TX 76241 |
Troy W Thacker | director | C/O FOX PAINE & CO, 950 TOWER LANE, FOSTER CITY CA 94404 |
Christina M Ibrahim | officer: SVP, GC and CCO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Nick L Swyka | officer: CFO & Senior VP | 515 POST OAK BLVD., STE. 200, HOUSTON TX 77027 |
Robin H Fielder | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Christopher Kile George | officer: See Remarks | 5660 WICKERSHAM LN, HOUSTON TX 77056 |
Luis M Fernandez-moreno | director | ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808 |
Suzanne Colbert | officer: Chief Technology Officer | 1233 WEST LOOP SOUTH, SUITE 1400, HOUSTON TX 77027 |
Gayle Burleson | director | ONE CONCHO CENTER, 600 WEST ILLINOIS AVENUE, MIDLAND TX 79701 |
Scf-vii(a), L.p. | 10 percent owner, other: Member of Group | 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002 |
Scf Partners, Inc. | 10 percent owner, other: Member of Group | 600 TRAVIS STE 6600, HOUSTON TX 77002 |
Scf-vii(a), G.p., Limited Partnership | 10 percent owner, other: Member of Group | 600 TRAVIS, SUITE 6600, HOUSTON TX 77002 |
Holli C. Ladhani | director, officer: President and CEO | 2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056 |
Mitchell Shauf | officer: EVP, Water Services | 1820 N. INTERSTATE 35, GAINESVILLE TX 76241 |
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