Ballarpur Industries (BOM:500102) Beta : -0.47 (As of May. 26, 2024)

Ballarpur Industries Beta Chart

Ballarpur Industries Annual Data
	Trend	Jun11	Jun12	Jun13	Jun14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20
Beta		Get a 7-Day Free Trial					1.82	1.39	1.53	0.84	1.17

Ballarpur Industries Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Beta	Get a 7-Day Free Trial															0.84	0.98	1.52	1.82	1.17

Competitive Comparison of Ballarpur Industries's Beta

For the Paper & Paper Products subindustry, Ballarpur Industries'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.

Ballarpur Industries's Beta Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ballarpur Industries's Beta distribution charts can be found below:

* The bar in red indicates where Ballarpur Industries's Beta falls into.

Ballarpur Industries 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.

Ballarpur Industries  (BOM:500102) 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)

Ballarpur Industries Beta Related Terms

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Ballarpur Industries (BOM:500102) Business Description