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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-13), Commercial Vehicle Group's Beta is 1.83.
The historical data trend for Commercial Vehicle Group'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.
Commercial Vehicle Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beta | Get a 7-Day Free Trial | 3.80 | 3.68 | 3.50 | 2.92 | 1.92 |
Commercial Vehicle Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Beta | Get a 7-Day Free Trial | 2.57 | 2.23 | 2.19 | 1.92 | 1.86 |
For the Auto Parts subindustry, Commercial Vehicle Group'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 Vehicles & Parts industry and Consumer Cyclical sector, Commercial Vehicle Group's Beta distribution charts can be found below:
* The bar in red indicates where Commercial Vehicle Group'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.
Commercial Vehicle Group (NAS:CVGI) 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 Commercial Vehicle Group's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Melanie K. Cook | director | 4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224 |
Roger L Fix | director | |
Chung Kin Cheung | officer: EVP & CFO | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Aneezal H Mohamed | officer: General Counsel, Cmp Ofc & Sec | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Richard Iii Tajer | officer: SVP & Chief Commercial Officer | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Kristin S Mathers | officer: Chief HR Officer | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Christopher H Bohnert | officer: CFO & Chief Accounting Officer | 2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214 |
Harold C Bevis | director | 8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615 |
J Michael Nauman | director | C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532 |
Ruth Gratzke | director | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Angela M O'leary | other: VP, Controller & Ch Acct Offcr | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Edmund S Carney | officer: Interim CFO | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Ray James R Jr | director | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Bowen Douglas F Jr. | officer: SVP & Managing Director | COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054 |
Janice E Stipp | director | 1281 COVINGTON ROAD, BLOOMFIELD HILLS MI 48301 |
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