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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-31), iRadimed's Beta is 1.12.
The historical data trend for iRadimed'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.
iRadimed Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beta | Get a 7-Day Free Trial | 1.64 | 0.90 | 0.55 | 0.73 | 1.13 |
iRadimed 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 | 0.81 | 0.90 | 1.00 | 1.13 | 1.10 |
For the Medical Devices subindustry, iRadimed'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 Medical Devices & Instruments industry and Healthcare sector, iRadimed's Beta distribution charts can be found below:
* The bar in red indicates where iRadimed'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.
iRadimed (NAS:IRMD) 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 iRadimed's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Roger E. Susi | director, 10 percent owner, officer: CEO, President, Chairman | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
James B Hawkins | director | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Anthony Vuoto | director | |
Monty K Allen | director | |
Hilda Frederique Scharen-guivel | director | 440 PALM ISLAND SE, CLEARWATER BEACH FL 33767 |
John Glenn | officer: Chief Financial Officer | 7900 HOPYARD ROAD, APT 210, PLEASANTON CA 94577 |
Christopher K. Scott | officer: CHIEF FINANCIAL OFFICER & SECR | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Brent Johnson | officer: Exec. VP. Sales & Marketing | 4900 HOPYARD RD, SUITE 210, PLEASITAN CA 94588 |
Steven M. Nardi | officer: VP MANUFACTURING | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Louis S. Waldman | officer: CONTROLLER | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
Leslie L Mcdonnell | director, officer: Chief Exec Officer & Director | 1501 INDUSTRIAL ROAD, SAN CARLOS CA 94070 |
Francis X. Casey | officer: VP OF REG AND QUAL ASSURANCE | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
John K Mccreery | officer: Chief Operating Officer | IRADIMED CORP, 1025 WILLA SPRINGS BLVD, WINTER SPRINGS FL 32708 |
Jonathan Kennedy | director | INTERSIL CORPORATION, 1001 MURPHY RANCH ROAD, MILPITAS CA 95035 |
Serge Novovich | director | C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708 |
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