Granite Falls Energy LLC (Granite Falls Energy LLC) Beta : -0.62 (As of Jun. 12, 2024)

Granite Falls Energy LLC Beta Chart

Granite Falls Energy LLC Annual Data
	Trend	Oct12	Oct13	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21
Beta		Get a 7-Day Free Trial					-0.29	0.16	0.01	-0.08	-0.09

Granite Falls Energy LLC Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Beta	Get a 7-Day Free Trial															-0.11	-0.09	-0.10	-0.78	-0.48

Competitive Comparison of Granite Falls Energy LLC's Beta

For the Oil & Gas Refining & Marketing subindustry, Granite Falls Energy LLC'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.

Granite Falls Energy LLC's Beta Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Granite Falls Energy LLC's Beta distribution charts can be found below:

* The bar in red indicates where Granite Falls Energy LLC's Beta falls into.

Granite Falls Energy LLC 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.

Granite Falls Energy LLC  (OTCPK:GFGY) 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)

Granite Falls Energy LLC Beta Related Terms

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Granite Falls Energy LLC (Granite Falls Energy LLC) Business Description