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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-15), Innovate's Beta is 1.74.
The historical data trend for Innovate'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.
Innovate Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beta | Get a 7-Day Free Trial | 1.06 | 2.32 | 2.14 | 2.36 | 1.92 |
Innovate 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 | 2.54 | 2.24 | 2.46 | 1.92 | 1.77 |
For the Engineering & Construction subindustry, Innovate'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 Construction industry and Industrials sector, Innovate's Beta distribution charts can be found below:
* The bar in red indicates where Innovate'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.
Innovate (NYSE:VATE) 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 Innovate's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Wayne Jr Barr | director | ANACOMP INC, 15378 AVENUE OF SCIENCE, SAN DIEGO CA 92128 |
Michael J. Sena | officer: Chief Financial Officer | 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022 |
Brian Steven Goldstein | director | 295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Amy Marie Wilkinson | director | 295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Shelly Lombard | director | 44 MORSE AVENUE, BLOOMFIELD NJ 07003 |
Avram A Glazer | director | C/O WOODS OVIATT GILMAN LLP, 700 CROSSROADS BUILDING, ROCHESTER NY 14614 |
Suzi R Herbst | officer: Chief Administrative Officer | C/O HC2 HOLDINGS, INC., 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022 |
Joseph Anthony Ferraro | officer: Chief Legal Officer & Corp Sec | 56 EMILY ROAD, FAR HILLS FL 07931 |
Continental Ltc, Inc. | 10 percent owner | 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717 |
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Continental General Insurance Co | 10 percent owner | 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717 |
Continental Insurance Group, Ltd. | 10 percent owner | 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717 |
Percy Rockdale Llc | 10 percent owner | 595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022 |
Mg Capital Management Ltd. | 10 percent owner | C/O CAMPBELLS LLP, FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010 |
Rio Royal Llc | 10 percent owner | 595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022 |
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