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Toxotis Investments Public (CYS:COV) Beta : N/A (As of May. 12, 2024)


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What is Toxotis Investments Public Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-12), Toxotis Investments Public's Beta is Not available.


Toxotis Investments Public Beta Historical Data

The historical data trend for Toxotis Investments Public'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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Toxotis Investments Public Beta Chart

Toxotis Investments Public Annual Data
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Toxotis Investments Public Quarterly Data
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Competitive Comparison of Toxotis Investments Public's Beta

For the Asset Management subindustry, Toxotis Investments Public'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.


Toxotis Investments Public's Beta Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Toxotis Investments Public's Beta distribution charts can be found below:

* The bar in red indicates where Toxotis Investments Public's Beta falls into.



Toxotis Investments Public 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.


Toxotis Investments Public  (CYS:COV) 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)


Toxotis Investments Public Beta Related Terms

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Toxotis Investments Public (CYS:COV) Business Description

Traded in Other Exchanges
N/A
Address
40, Themistokli Dervi Avenue, 3rd Floor, Office 301, Nicosia, CYP, 1066
Toxotis is engaged in the investment business. The company invests in securities of companies listed on the Cyprus Stock Exchange.

Toxotis Investments Public (CYS:COV) Headlines

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