Pilkington Deutschland AG (HAM:FDD) Beta : 0.44 (As of May. 04, 2024)

Pilkington Deutschland AG Beta Chart

Pilkington Deutschland AG Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Beta		Get a 7-Day Free Trial					-0.25	-0.01	0.03	0.09	0.06

Pilkington Deutschland AG Semi-Annual Data
	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Beta	Get a 7-Day Free Trial													-0.25	-0.01	0.03	0.09	0.06

Competitive Comparison of Pilkington Deutschland AG's Beta

For the Building Materials subindustry, Pilkington Deutschland AG'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.

Pilkington Deutschland AG's Beta Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Pilkington Deutschland AG's Beta distribution charts can be found below:

* The bar in red indicates where Pilkington Deutschland AG's Beta falls into.

Pilkington Deutschland AG 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.

Pilkington Deutschland AG  (HAM:FDD) 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)

Pilkington Deutschland AG Beta Related Terms

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Pilkington Deutschland AG (HAM:FDD) Business Description