First State Financial (First State Financial) Beta : 1.91 (As of May. 11, 2024)

First State Financial Beta Chart

First State Financial Annual Data
	Trend	Dec05	Dec06	Dec07	Dec08	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Beta		Get a 7-Day Free Trial					1,044.96	426.81	308.05	-11.97	0.94

First State Financial Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Dec18	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Beta	Get a 7-Day Free Trial															442.23	-11.97	-0.01	1.48	0.94

Competitive Comparison of First State Financial's Beta

For the Banks - Regional subindustry, First State Financial'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.

First State Financial's Beta Distribution in the Banks Industry

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

* The bar in red indicates where First State Financial's Beta falls into.

First State Financial 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.

First State Financial  (OTCPK:FSTF) 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)

First State Financial Beta Related Terms

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First State Financial (First State Financial) Business Description