Novolipetsk Steel PJSC (MIC:NLMK) Beta : 0.67 (As of May. 04, 2024)

Novolipetsk Steel PJSC Beta Chart

Novolipetsk Steel PJSC Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
Beta		Get a 7-Day Free Trial					1.00	0.82	0.24	0.24	0.03

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Beta	Get a 7-Day Free Trial															0.24	0.31	0.22	0.08	0.03

Competitive Comparison of Novolipetsk Steel PJSC's Beta

For the Steel subindustry, Novolipetsk Steel PJSC'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.

Novolipetsk Steel PJSC's Beta Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Novolipetsk Steel PJSC's Beta distribution charts can be found below:

* The bar in red indicates where Novolipetsk Steel PJSC's Beta falls into.

Novolipetsk Steel PJSC 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.

Novolipetsk Steel PJSC  (MIC:NLMK) 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)

Novolipetsk Steel PJSC Beta Related Terms

Thank you for viewing the detailed overview of Novolipetsk Steel PJSC's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.

Novolipetsk Steel PJSC (MIC:NLMK) Business Description