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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-27), Altice USA's Beta is 1.54.
The historical data trend for Altice USA'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.
Altice USA Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Beta | Get a 7-Day Free Trial | - | 1.17 | 1.10 | 1.46 | 1.47 |
Altice USA 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 | 1.46 | 1.73 | 1.80 | 1.69 | 1.47 |
For the Telecom Services subindustry, Altice USA'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 Telecommunication Services industry and Communication Services sector, Altice USA's Beta distribution charts can be found below:
* The bar in red indicates where Altice USA'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.
Altice USA (NYSE:ATUS) 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 Altice USA's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexandre Fonseca | director | 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101 |
Marc Sirota | officer: Chief Financial Officer | 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101 |
Patrick Drahi | director, 10 percent owner | WIESTISTRASSE 14, ZERMATT V8 3920 |
Next Alt S.a.r.l. | director, 10 percent owner | 5, RUE EUGENE RUPPERT, GRAND DUCHY OF LUXEMBOURG N4 L-2453 |
Dennis Mathew | officer: Chief Executive Officer | 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101 |
Maria Bruzzese | officer: Chief Accounting Officer | 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101 |
Charles Stewart | officer: Co-President & CFO | 1111 STEWART AVENUE, BETHPAGE NY 11714 |
Mark Mullen | director | 1111 STEWART AVENUE, BETHPAGE NY 11714 |
Susan C Schnabel | director | C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010 |
Gerrit Jan Bakker | director | 15 RUE PIERRE FATIO 6TH FLOOR, GENEVA V8 1204 |
Raymond Svider | director | 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022 |
Michael Olsen | officer: Acting Gen Counsel & Secretary | 1 COURT SQUARE W, LONG ISLAND CITY NY 11101 |
Michael Grau | officer: Chief Financial Officer | 1 COURT SQUARE W, LONG ISLAND CITY NY 11101 |
Soroban Opportunities Master Fund Lp | 10 percent owner | WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD, GEORGE TOWN E9 KY1-9008 |
Soroban Capital Gp Llc | 10 percent owner | 55 WEST 46TH STREET, 32ND FLOOR, NEW YORK NY 10036 |
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