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Vantage Drilling International (Vantage Drilling International) Beta : -0.02 (As of May. 06, 2024)


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What is Vantage Drilling International Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-06), Vantage Drilling International's Beta is -0.02.


Vantage Drilling International Beta Historical Data

The historical data trend for Vantage Drilling International'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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Vantage Drilling International Beta Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Vantage Drilling International Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -0.35 0.42

Competitive Comparison of Vantage Drilling International's Beta

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.


Vantage Drilling International's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Vantage Drilling International's Beta distribution charts can be found below:

* The bar in red indicates where Vantage Drilling International's Beta falls into.



Vantage Drilling International 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.


Vantage Drilling International  (OTCPK:VTDRF) 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)


Vantage Drilling International Beta Related Terms

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Vantage Drilling International (Vantage Drilling International) Business Description

Traded in Other Exchanges
N/A
Address
c/o Vantage Energy Services, Inc., 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International is an offshore drilling contractor. It operates and manages a fleet of drilling units. Its principal business is to contract drilling units, related equipment, and work crews on a day rate basis to drill oil and natural gas wells. Its rig fleet consists of ultra-deep-water drillships, including Platinum Explorer and Tungsten Explorer; and Jackups, including Topaz Driller and Soehanah. The company's geographical segments includes Drilling Services and Managed Services. It operates in Cayman Islands, Montenegro, Qatar, India, Indonesia, Lebanon, Congo, and Other Countries.

Vantage Drilling International (Vantage Drilling International) Headlines

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