Surface Transforms (LSE:SCE) Beta : 0.78 (As of May. 13, 2024)

Surface Transforms Beta Chart

Surface Transforms Annual Data
	Trend	May13	May14	May15	May16	May17	May18	May19	Dec20	Dec21	Dec22
Beta		Get a 7-Day Free Trial					1.05	1.30	1.20	-	-

Surface Transforms Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Beta	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Surface Transforms's Beta

For the Auto Parts subindustry, Surface Transforms'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.

Surface Transforms's Beta Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Surface Transforms's Beta distribution charts can be found below:

* The bar in red indicates where Surface Transforms's Beta falls into.

Surface Transforms 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.

Surface Transforms  (LSE:SCE) 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)

Surface Transforms Beta Related Terms

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Surface Transforms (LSE:SCE) Business Description