Sure Global Tech Co (SAU:9550) Beta : N/A (As of May. 28, 2024)

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What is Sure Global Tech Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-28), Sure Global Tech Co's Beta is Not available.

Sure Global Tech Co Beta Historical Data

The historical data trend for Sure Global Tech Co'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.

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Sure Global Tech Co Beta Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

Beta

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Beta	-	-	-	-	-

Competitive Comparison of Sure Global Tech Co's Beta

For the Information Technology Services subindustry, Sure Global Tech Co'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.

Sure Global Tech Co's Beta Distribution in the Software Industry

For the Software industry and Technology sector, Sure Global Tech Co's Beta distribution charts can be found below:

* The bar in red indicates where Sure Global Tech Co's Beta falls into.

Sure Global Tech Co 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.

Sure Global Tech Co (SAU:9550) 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)

Sure Global Tech Co Beta Related Terms

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Sure Global Tech Co (SAU:9550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » Beta

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

Sure Global Tech Co (SAU:9550) Headlines

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