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CCCB Bancorp (CCCB Bancorp) Beta : -0.26 (As of May. 02, 2024)


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What is CCCB Bancorp Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-02), CCCB Bancorp's Beta is -0.26.


CCCB Bancorp Beta Historical Data

The historical data trend for CCCB Bancorp'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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CCCB Bancorp Beta Chart

CCCB Bancorp Annual Data
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CCCB Bancorp Quarterly Data
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Competitive Comparison of CCCB Bancorp's Beta

For the Banks - Regional subindustry, CCCB Bancorp'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.


CCCB Bancorp's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, CCCB Bancorp's Beta distribution charts can be found below:

* The bar in red indicates where CCCB Bancorp's Beta falls into.



CCCB Bancorp 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.


CCCB Bancorp  (OTCPK:CCYY) 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)


CCCB Bancorp Beta Related Terms

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CCCB Bancorp (CCCB Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
333 West Main Street, Clarion, PA, USA, 16214
CCCB Bancorp Inc is a banking company. Its services include personal banking, business banking, and ebanking.

CCCB Bancorp (CCCB Bancorp) Headlines

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