Brite-Strike Tactical Illumination Products (Brite-Strike Tactical Illumination Products) Beta : -2.26 (As of May. 11, 2024)

Brite-Strike Tactical Illumination Products Beta Chart

Brite-Strike Tactical Illumination Products Quarterly Data
	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Sep23
Beta	Get a 7-Day Free Trial															-0.89	-2.02	-0.65	0.53	-2.82

Competitive Comparison of Brite-Strike Tactical Illumination Products's Beta

For the Electrical Equipment & Parts subindustry, Brite-Strike Tactical Illumination Products'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.

Brite-Strike Tactical Illumination Products's Beta Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Brite-Strike Tactical Illumination Products's Beta distribution charts can be found below:

* The bar in red indicates where Brite-Strike Tactical Illumination Products's Beta falls into.

Brite-Strike Tactical Illumination Products 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.

Brite-Strike Tactical Illumination Products  (OTCPK:BSTK) 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)

Brite-Strike Tactical Illumination Products Beta Related Terms

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Brite-Strike Tactical Illumination Products (Brite-Strike Tactical Illumination Products) Business Description